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To Manage Purchasing at ClubCorp's Global Properties |
DALLAS and ATLANTA - April 26, 2000 -- ClubCorp,
a privately held company and the world�s largest owner and operator of
golf courses, golf-related private clubs, resorts and business clubs, and
Harbinger Corporation (NASDAQ:HRBC), a worldwide supplier of business-to-business
(B2B) e-Commerce software, services and solutions, today announced their
intention to create the first Internet-based vertical market exchange (i.e.,
B2B marketplace) servicing the hotel, resort and golf industry.
ePurchase.net is scheduled to go online by mid-year and will provide
a single point of access for buyers and suppliers to exchange products
and services, such as golf course maintenance equipment, food and beverage
services and broader hospitality industry products. ePurchase.net
will be operated as a joint venture with initial funding from ClubCorp
and Harbinger. The two companies are also in discussions with other industry
leaders regarding the inclusion of additional participants in this initial
investment.
�Harbinger evaluates many marketplace opportunities and teaming with
ClubCorp, the world�s largest owner and operator of golf courses, golf-related
private clubs, resorts and business clubs, makes this venture an outstanding
investment opportunity and further validates the value of harbinger.net
as the back office provider for emerging
�ClubCorp provides an excellent foundation on which to build an industry
solution that brings suppliers and buyers together in an online marketplace
and helps the industry at large eliminate paper transactions, reduce cycle
times and streamline the selection,
�We also see Harbinger�s recently announced merger with Peregrine Systems
bringing additional value to ePurchase.net,� added ClubCorp EVP and CIO
Mike Dillard. �It�s an ideal business opportunity that combines the best
of eProcurement processes and products of both companies, creating a comprehensive,
end-to-end solution for
Purchasing in the golf industry exceeded $10 billion in 1999, while the broader targeted market segment for ePurchase.net (including small to mid-size resorts and hotels as well as the golf industry) had purchases in excess of $27 billion, according to research done by the Alliance Consulting Group. Both segments are expected to see continued dramatic growth. ePurchase.net will aggregate products and services from suppliers, providing a Web-enabled electronic purchasing site accessible by participating businesses. By taking the time-consuming processes associated with the paper-based purchasing function and integrating them into a single electronic marketplace, ePurchase.net will make the purchasing process more efficient and cost-effective. Access to the purchasing site will be accomplished using any standard Internet browser. The ePurchase.net electronic marketsite will be hosted on Harbinger�s
e-Commerce portal, harbinger.net, and Harbinger will serve as the manager
and operator of the purchasing site. Calico, Inc. was selected by ePurchase.net
to provide the electronic marketplace software. Unlike many software providers,
Calico�s MarketMaker software is designed specifically for communities
that have many buyers and many suppliers. In addition, the software will
be tailored to the specific needs of the industry to make the solutions
as easy to use as possible. KPMG Consulting, LLC, a worldwide supplier
of
About ClubCorp
About Harbinger
Information in this release that involves Harbinger�s expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements that involve risks and uncertainties. |
Harbinger Corporation, Atlanta
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Also See: | hsupply.com is Reinventing the Entire Procurement Process for Tharaldson and Buckhead America / April 2000 |
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