FOR IMMEDIATE RELEASE
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CLARUS SIGNS FIRST B2B HUB IN EUROPE
iCommerce chooses Clarus eMarket to drive its ambitious e-commerce plans
READING, UK--July 19, 2000--Clarus Corporation (Nasdaq: CLRS), a leading business-to-business (B2B) e-commerce solution provider announces that iCommerce, the first B2B marketplace hub to be developed in Ireland, has chosen Clarus eMarket software to power its site. Under the multi-million pound contract, Clarus will provide and support the customisable trading platform and auction site within this new B2B marketplace.
iCommerce, a joint venture between Business & Finance Magazine, Comit Gruppe and the Chambers of Commerce of Ireland will launch the first phase of the marketplace later this month and aims to register 20,000 companies by the end of 2001. Strategic alliances with the Irish Exporters Association, The Institute of Purchasing and Materials Management and the Marketing Institute of Ireland will give iCommerce access to a further 100,000 companies. Amarach Consulting states that 11% of Irish companies are currently engaged in purchasing via B2B e-commerce platforms and at least 21% expect to be doing so within 12 months.
"After researching the best in the market, we found that Clarus had the most comprehensive understanding of the needs of market makers, buyers and sellers," said Ian Hyland, CEO of iCommerce. "iCommerce has a mission to spread the benefits of online trading, so we need to partner with a specialist whose business model encourages, not penalizes, a high volume of transactions."
Hyland also commented, "Because the Clarus architecture is so open and flexible, iCommerce will be able to develop products and services in the very rapid timescales that this market dictates. The company’s industry standing also strengthens our ambition to be the leading pan-European B2B marketplace for both customers and suppliers."
"We are delighted to be associated with such a dynamic and forward-thinking initiative. Consulting groups estimate that annual B2B transaction volume will reach up to $7 trillion over the next 4 years and eMarket is designed for this exact scenario of rapid growth," said David Edwards, managing director of Clarus EMEA.
iCommerce is the first European Clarus eMarket customer. Clarus announced the arrival of its EMEA operation in January this year and its first international agreement with Norway’s second largest financial group, Gjensidige NOR.
Atlanta-based Clarus Corporation (http://www.claruscorp.com; NASDAQ: CLRS), a leader in business-to-business (B2B) e-commerce, provides B2B procurement software and trading services that exploit the global marketplace of the Internet to manage corporate purchasing and enable digital marketplaces. ClarusNet, a fully managed service portal, provides a comprehensive range of critical trading services such as payment settlement, supplier enablement, auctions, integration, and analytics. Designed to provide unprecedented interoperability, ClarusNet enhances the value and speeds delivery of any B2B trading platform including Clarus eProcurement and Clarus eMarket. Clarus solutions are being deployed at customer sites including Burlington Northern Santa Fe Corp., Cinergy, Comcast Corporation, First Data Corporation, Gjensidige NOR, MasterCard International, MetLife, Parsons Brinckerhoff, Perot Systems and Wachovia.
ICommerce is jointly owned by the Business & Finance Magazine, Comit Gruppe and the Chambers of Commerce of Ireland. iCommerce also recently announced a number of other strategic partners such as MCI Worldcom, Hewlett Packard, Microsoft and Marlborough Recruitment.
iCommerce will make trading over the Internet a reality for thousands of Irish companies. iCommerce.ie will create a unique business-to-business (B2B) marketplace where companies can service existing customers, find new ones and search and deal with suppliers for all business products and services. The Chambers of Commerce of Ireland, the country's largest business organisation, together with Business & Finance, which interacts with 80% of Irelands top companies each week and Comit Gruppe, one of Europe's leading IT consultancies, have collaborated to form http://www.icommerce.ie
This press release contains forward-looking statements within the meaning of section 27a of the securities act of 1933 and Section 21E of the Exchange Act. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risks including that the benefits expected by the company as a result of this announcement may not occur.
Clarus, Clarus eMarket and ClarusNet are trademarks of Clarus Corporation. Throughout this release, software and hardware products are mentioned by name. In most, if not all, cases, these product names are claimed as trademarks by the companies that manufacture the products. It is not our intention to claim these names or trademarks as our own.
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