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eBreviate Extends eSourcing Contract
with Transora
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 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 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 www.transora.com.
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