eBreviate Announces Acquisition of Procurance, Inc.

eBreviate Adds Pioneering Spend Analysis Capabilities to Further Enhance its Full Suite of eSourcing Solutions

WALNUT CREEK, California (November 1, 2000) eBreviate, an EDS company offering a market-leading suite of eSourcing tools, technologies and services, today announced the acquisition of Procurance, a pioneer in the development and implementation of sourcing management tools for large corporations. Terms of the acquisition were not disclosed.

The acquisition accelerates eBreviate's leadership and strategic focus on building an end-to-end suite of eSourcing solutions for procurement professionals. The strategic sourcing management capabilities of the Procurance technology adds spend analysis, sourcing collaboration, deal management and sourcing portal capabilities to the eBreviate suite.

Joining eBreviate as part of the agreement are Procurance co-founders Steven Murphy and Dale Peterson. As General Managers of eSourcing Management Technologies at eBreviate, they will lead the sales and implementation efforts of the new products from eBreviate's Plano, Texas office. Says Peterson, "We are excited to be a part of the eBreviate team. Our combined capabilities squarely meet the requirements major corporations demand for negotiating, tracking, and implementing enterprise-wide agreements." Adds Murphy, "I believe our combined resources position eBreviate to continue to lead the evolution of eSourcing."

"The strength of the Procurance capabilities are consistent with our strategy of delivering best-in-class tools and technologies to fulfill the promise of delivering eSourcing today," said Niul Burton, president of eBreviate. "The flexibility of eBreviate's externally-oriented eNegotiation tools, eRFPs and eSourcing surveys, combined with these extraordinarily powerful sourcing management products will help us continue our track record as the leading provider of eSourcing solutions and services to over 50 purchasing organizations worldwide."

The Procurance sourcing management application suite includes Spend Manager, which provides analysis of enterprise spending, Deal Manager, which publishes and markets supplier agreements across the business enterprise, and Sourcing Manager, with workflow and collaboration solutions
for negotiators to work online around the globe. The browser-based solution also includes portal functionality for central access to all spend analysis functions as well as other links and activities relevant to procurement professionals.

The Procurance application suite, now in Version 3.0, was initially developed and deployed at ARCO as the core application in support of the ARCO Global Procurement Strategic Sourcing initiative, enabling the company to more effectively source its approximately $7 billion in annual expenditures. It is credited as a key enabler of ARCO's achievement of over $50 million in annual hard dollar cost reduction from purchasing.

"The Procurance technology was instrumental in allowing us to deploy applications and information across the company, providing employees universal access to data and information from anywhere in the enterprise," says Lawrence Aldridge, former Chief Procurement Officer at ARCO. "Procurance enabled us to integrate our different accounts payable systems to generate meaningful real information of our external spend. This information was an essential building block in the strategic
sourcing process that drove over $50 million in savings at ARCO."

"In addition," said Aldridge, "the tool enabled ARCO to monitor compliance within the company, ensuring these savings were realized year after year. No company can successfully implement sustainable strategic sourcing without this type of management tool."

The market for eBreviate's newly enlarged eSourcing suite are Global 3000 companies, as well as large global net markets that are seeking technology solutions for their individual members.

"We see these new sourcing management tools best suited to customers with center-led procurement organizations. Where there is a proliferation of back-end legacy systems, when there
has been recent merger and acquisition activity, or where an ERP solution does not enable strategic procurement decision-making, Procurance is the answer," explained Sarah Pfaff, Executive Vice President of Sales, Marketing, and Strategy for eBreviate.

"With disparate systems, the seemingly simple question of what a company has spent, on what, and with whom leads to tedious analyses of current spend," said Pfaff. "We hear from customers that in order to make informed spending decisions, they have a strong and immediate need for transparent, comprehensive solutions to the vexing problems of incomplete data and off-contract buying." The Procurance sourcing management solution provides eBreviate with the increased ability to go
beyond eNegotiations, eRFPs and sourcing survey tools to address all of the eSourcing requirements of global corporations.

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 and London,
England, eBreviate enables purchasing organizations to become razor sharp and rigorous in what they buy, from whom they buy it, 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 www.ebreviate.com.

About EDS
EDS, the leading pure-play global services company, provides strategy, implementation and hosting for clients managing the 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 serves the world's leading companies and governments in about 55 countries globally. EDS reported revenues of $18.5 billion in 1999. The company's stock is traded on the New York Stock Exchange (NYSE: EDS) and the London Stock Exchange. Learn more at www.eds.com.

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