eBreviate Extends eSourcing Contract with Transora
Contacts:
Diana Sunshine
eBreviate
925-202-6860
diana.sunshine@ebreviate.com
World`s Largest Consumer Packaged Goods e-Marketplace to Offer eBreviate`s Entire eSourcing Suite
WALNUT CREEK, California (November 27, 2001) - -eBreviate, an EDS company offering the market-leading suite of eSourcing tools, technologies and services, today announced a contract extension for its entire suite of eSourcing solutions to be available through Transora, the world`s first and largest consumer packaged goods e-Marketplace. Terms of the agreement were not disclosed.
The contract extends to mid-2002. Companies participating in Transora`s e-Marketplace can use eBreviate`s Do-It-Yourself auction functionality, enabling the buyer`s purchasing teams to conduct Internet negotiations, or choose to deploy the services of eBreviate`s in-field eSourcing Managers under its Full-Service model.
The extended contract enables Transora to begin offering its participants all of eBreviate`s eSourcing tools, including electronic surveys for RFPs, RFIs and RFQs, and the combined Sourcing Management Technologies suite of Spend Management, Deal Management and Sourcing Team tools. Transora participants can also use eBreviate`s Supplier Search functionality and such value-added services as Supply Market Solutions.
According to Transora`s Chief Business Officer, Rick Herbst, the decision to offer eBreviate`s entire range of eSourcing capabilities is consistent with Transora`s policy of adopting "best of breed" technologies from different software vendors. "We are proud to see our investors realize the benefits and value from eSourcing," Herbst said. "It is an important part of our mission."
Transora customers have already used eBreviate auction technology for a wide variety of products and services, including printed materials, transportation and packaging. To date, their combined total spend enabled by eBreviate auction technology exceeds $126 million. Transora forecasts its customers` auction activity to exceed 150 events over the next 12 months.
"Transora and its participating companies recognize the value and efficiency that springs from eSourcing," said Luke Saban, executive vice president and chief operating officer of eBreviate. "By using solutions such as our total-cost online auctions, these global consumer products companies enable their procurement process with leading-edge Internet technology and deliver substantial tangible results."
eSourcing technologies have been proven to drive time, cost and inefficiencies from the purchasing cycle. Purchasing teams report time compressions of more than six months through the use of electronic surveys and auctions. Savings from eBreviate auctions average 14 percent and the emerging popularity of spend and deal management techniques are leveraging procurement staff time and eliminating off-contract buying. According to the Aberdeen Group, companies worldwide could save $1.7 trillion from their current combined total spend through the deployment of various eSourcing technologies.
About eBreviate
eBreviate, an EDS company, combines leading-edge technology with market-driven content and in-field services to deliver the best eSourcing solutions to global businesses, governments and net markets. Located in Walnut Creek, California, with regional offices in Plano, Texas; London, England; Frankfurt, Germany; and Paris, France; eBreviate enables purchasing organizations to become razor sharp and rigorous in what they buy, from whom they buy and under what commercial terms. eSourcing automation from eBreviate brings greater productivity and accountability to purchasing, while optimizing the way buyers and suppliers qualify, negotiate and evaluate their business relationships. eBreviate can be found online at http://www.ebreviate.com.
About EDS
EDS, the leading global services company, provides strategy, implementation and hosting for clients managing the business and technology complexities of the digital economy. EDS brings together the world`s best technologies to address critical client business imperatives. It helps clients eliminate boundaries, collaborate in new ways, establish their customers` trust and continuously seek improvement. EDS, with its management consulting subsidiary, A.T. Kearney, serves the world`s leading companies and governments in 58 countries. EDS reported revenues of $19.2 billion in 2000. The company`s stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange. Learn more at http://www.eds.com.
About Transora
Transora is the world’s largest open, standards-based business-to-business (B2B) eMarketplace for the global consumer products industry. Established with the support of more than 50 major consumer packaged goods companies, Transora enables all industry participants – suppliers, manufacturers and retailers/distributors – to optimize value chain operations and improve total business productivity via the Internet. To find out more about Transora, visit http://www.transora.com.
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The statements in this news release that are not historical statements, including statements regarding the forecasted auction activity, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS` control, that could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS` most recent Form 10-Q. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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