February 7, 2002—Clarus Corporation (www.claruscorp.com; Nasdaq: CLRS), today announced that Todd Hewlin has joined Clarus’ board of directors. Hewlin is a managing director at The Chasm Group and brings extensive business consulting and financial experience to the Clarus board of directors.
The Chasm Group is a consultancy founded by best-selling author Geoffrey Moore to help technology companies develop and implement strategies that create and sustain market leadership positions for their core products while building shareholder value and a sustainable competitive advantage.
Hewlin has over 12 years of experience helping companies develop and execute winning business strategies, having served clients in enterprise software, supply chain management, supplier relationship management, and B2B e-commerce.
“Over the last several months, Todd has reviewed and contributed to Clarus’ vision and strategic direction and it is clear that he will be a great addition to our board of directors,” stated Steve Jeffery, president, CEO and chairman of the board at Clarus. “Todd’s experience in private equity and his successes with some of the industry’s largest companies make him an excellent member of our team.”
“I’m delighted to join the Clarus board of directors at this most crucial time in the company’s and the market’s evolution,” stated Hewlin. “Together we plan to leverage financial control, operational efficiency and strategic evolution as we drive success in this market and value for our shareholders.”
Prior to joining The Chasm Group, Hewlin was a senior executive at Internet Capital Group where he served as a Board member and advisor to ICG's partner companies. At ICG, Hewlin worked with companies at every lifecycle stage - seed, growth, pre-IPO, and public - where he focused heavily on developing pragmatic technology solutions to high-ROI customer problems. Hewlin also worked closely with ICG's CEOs to put in place cost effective go-to-market strategies that fully leverage both direct sales and channel partners.
Prior to ICG, Hewlin was a partner with McKinsey & Company, a leading management consultancy. Hewlin co-lead McKinsey's Global Electronic Commerce practice and become a core partner in the firm's Financial Services Practice. Over his years with McKinsey, Hewlin served clients in Silicon Valley, New York, Toronto, London, Amsterdam, Rome, Sydney, and Seoul. His work with these clients fell into two categories - helping major technology companies profitably grow their businesses and helping leading players in the financial services, telecom, and retail sectors implement technology-driven strategies to gain competitive advantage.
Atlanta-based Clarus Corporation ( NASDAQ: CLRS, http://www.claruscorp.com) delivers applications that help companies dramatically reduce costs by driving the inefficiencies out of the end-to-end procurement process – from sourcing, to procurement, to settlement. The Clarus solutions are designed for rapid production deployment at the lowest total cost of ownership. Clarus products are built exclusively on the Microsoft.NET platform, making them easy to implement, manage, and integrate with existing IT infrastructures. Clarus solutions have garnered many prestigious awards, including Microsoft’s 2000 Global eCommerce Solution of the Year. Clarus solutions are deployed globally at customer sites including: BarclaysB2B, the Burlington Northern and Santa Fe Railway Company, Cox Enterprises, MasterCard International, Union Pacific Corporation, Smurfit-Stone Container Corporation, Parsons Brinckerhoff, and Wachovia Corporation.
This press release contains forward-looking statements within the meaning of Section 28A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. Information in this release includes the company’s beliefs, hopes, expectations, intentions and strategies regarding the company, its future and its products and services. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risks including that the company may not achieve the future financial results currently anticipated, that the company’s operational adjustments may not make it more efficient, that the business climate may not improve for the company’s product and services, that the company may not achieve the customer traction or satisfaction as anticipated, that new product releases may not perform as expected, and that the company and Mr. Hewlin may not drive success in the company's market or increase stockholders' value. The company cannot!
guarantee its future performance. All forward-looking statements contained in this release are based on information available to the company as of the date of this release and the company assumes no obligation to update the forward-looking statement contained herein.
For further information regarding the risks and uncertainties in connection with the company’s business, please refer to the “Management’s Discussion and Analysis and Results of Operations and Financial Condition” and “Risk Factors” sections of the company’s filings with the SEC, including but not limited to, its annual reports on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained at the company’s web site at http://www.claruscorp.com .
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