eBreviate and The Home Depot(R) Sign New Internet Negotiations Contract
Online Auctions and RFPs for Purchase of Indirect Goods and Services Kicks Off
Year-Long Contract
WALNUT CREEK, Calif., April 18 -- eBreviate, the eSourcing
subsidiary of EDS (NYSE: EDS), today announced a contract with The Home Depot
(NYSE: HD), the world`s largest home improvement retailer, to provide Internet
negotiations technology. Terms of the agreement were not disclosed.
The one-year agreement provides Home Depot with unlimited use of
eBreviate`s industry-leading Internet Negotiations, including online auctions
and the Request for Proposal (RFP) tool. Coupled with these will be the
option for Home Depot to use eBreviate`s newly launched, web-based educational
services and classroom training provided through eBreviate Academy.
Initial categories for online auctions and RFPs are likely to include
store fixtures, office supplies and temporary labor. Home Depot will take
advantage of eBreviate`s total-cost auction functionality that allows it to
conduct Internet negotiations based on factors beyond just price such as
delivery, discounts and quality.
"The Home Depot is a market leader in the retail home improvement industry
and, as this new agreement clearly shows, it is also a leader in deploying new
and highly effective eSourcing tools and technologies across its enterprise,"
said Niul Burton, president of eBreviate. "By combining their procurement
skills with the tools and training from eBreviate, Home Depot will obtain a
best-practices solution that will result in significant savings in both time
and cost."
eBreviate`s online auctions and RFP tools are part of its end-to-end suite
of eSourcing products and services that include Spend Management, Deal
Management, Sourcing Team Tools, Supplier Search and value-added services
including Supply Market Solutions, eSourcing managers and eBreviate Academy.
"Our contract with eBreviate represents an excellent alignment of strategy
and technology," said Kent King, director of procurement at Home Depot. "Our
procurement goals are to drive both time and cost from our purchasing cycle
and we believe our use of eBreviate`s tools will get us there faster and more
efficiently."
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 offices in Plano, Texas and London, England,
eBreviate enables purchasing organizations to become razor sharp and rigorous
in what they buy, from whom they buy and under what commercial terms.
eBreviate`s integrated and automated eSourcing tools take out time, cost, and
inefficiency from the procurement cycle. This automation 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 55 countries. EDS reported revenues of $19.2 billion in 2000.
The company`s stock is traded on the New York Stock Exchange and the London
Stock Exchange. More information is available at http://www.eds.com.
About The Home Depot(R)
Founded in 1978, Atlanta-based Home Depot currently operates 1,166 stores
in 48 states, Puerto Rico, seven Canadian provinces, Chile and Argentina. The
company was recently named sixth in the Top 10 Most Admired Companies in
America by Fortune magazine, which has also ranked it as America`s Most
Admired Specialty Retailer for eight consecutive years. Its stock is traded
on the New York Stock Exchange and is included in the Dow Jones Industrial
Average.
CONTACTS:
Derek Kober
Neale-May & Partners
650-328-5555, ext. 126
dkober@nealemay.com
Richard Shippee
eBreviate
925-287-6490
richard.shippee@ebreviate.com
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