BarclaysB2B Chooses Clarus to Power Growth Of UK's Premier Smart Sourcing Service

SOURCE: Clarus Corporation

LONDON, Dec. 17 /PRNewswire/ -- BarclaysB2B, the business-to-business arm of Barclays (NYSE: BCS - news), has today announced a contract with Clarus Corporation (Nasdaq: CLRS - news) to use Clarus eMarket(TM) and Clarus Sourcing(TM) to enhance the delivery of its range of business services.

Over the past year, BarclaysB2B has enabled a range of market leading companies including WS Atkins, Nisa-Today and eCarDivision to revolutionise their business processes without having to make huge capital investments in new technology. Nisa-Today, for example, has now announced that 20 to 30 own- label categories will be sourced via BarclaysB2B by next summer, a big shift in its whole procurement strategy.

Alison Hutchinson, CEO, BarclaysB2B said ``As experts in the procurement field we deal with key decision makers, including business owners, finance directors and procurement managers, who are not only looking to save time and money, but also to manage their supply chains through innovative solutions - in other words 'smarter sourcing'.''

The new software will be used to extend BarclaysB2B's sourcing to settlement solutions. It will provide both a sophisticated e-tender solution and an advanced, hosted e-procurement offering. The e-tender solution delivers the latest reverse auction software, enabling customers to enhance their traditional tender process, making it faster and more dynamic.

The hosted e-procurement offering provides private trading networks that enable buyers to streamline and integrate their procurement processes. By providing greater control over the purchasing cycle, the private trading network is designed to enable reduced costs and substantial time-savings. In both e-tenders and private trading networks the suppliers benefit from the ability to integrate with their systems, and openly compete head to head with their direct competitors.

Commenting on this announcement, Alison Hutchinson, said: ``We chose Clarus because of its open flexible architecture that will enable us to build-in value and services for our customers at a level appropriate to their needs. As the demand for even more sophisticated services continues to rise, so does our commitment to work with world class companies to keep us and our customers ahead of the game.''

Steve Jeffery, president and CEO of Clarus said, ``Barclays is a large global financial services leader and its business to business arm, BarclaysB2B, is a recognized leader in the field of business to business services within the UK. We are delighted to be providing the technical infrastructure which is designed to enable a number of businesses, for whom online trading offers vast opportunities, to benefit from a range of tailored services without requiring them to invest in a huge capital outlay.''

About BarclaysB2B

BarclaysB2B was unveiled by Barclays PLC in April 2000 and has been trading since December 2000. BarclaysB2B creates value through a range of innovative, secure online services, which are designed to improve the way corporations do business. Earlier this year BarclaysB2B was named Top Corporate Venture of 2000, by Credo, the Venture Development Group.

Its initial portfolio is based around generating efficiency and value in the procurement to payment sector. This portfolio includes open and private marketplaces, auction and tendering services. For more information visit: www.barclaysb2b.com .

About Clarus

Atlanta-based Clarus Corporation (www.claruscorp.com ) is a leading provider of business-to-business (B2B) e-commerce software and services that are designed to deliver rapid, measurable returns to the mainstream marketplace. Clarus offers a complete e-commerce solution that optimizes the entire buying and selling process, from sourcing to procurement to invoicing and payment, delivering affordable, flexible systems that can be deployed rapidly. Clarus products are built exclusively on the Microsoft.NET platform, making them easy to implement, manage, and integrate with existing and future IT infrastructures. Clarus solutions have garnered many prestigious awards, including Microsoft's 2000 Global eCommerce Solution of the Year. Clarus solutions are deployed at approximately 200 customer sites including: the Burlington Northern and Santa Fe Railway Company, Cox Enterprises, MasterCard International, Union Pacific Corporation, MetLife, Smurfit-Stone Container Corporation, Parsons Brinckerhoff, and Wachovia Cor
poration.

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