The new Peregrine offers integrated solutions from supplier to buyer throughout the lifecycle of asset use

Citation

(2000), "The new Peregrine offers integrated solutions from supplier to buyer throughout the lifecycle of asset use", Facilities, Vol. 18 No. 13/14. https://doi.org/10.1108/f.2000.06918mab.005

The new Peregrine offers integrated solutions from supplier to buyer throughout the lifecycle of asset use

Keywords Internet, E-business, Procurement

Peregrine Systems, Inc. (NASDAQ: PRGN), a leading provider of infrastructure management software and employee self-service solutions, has announced the completion of its acquisition of Harbinger Corporation. The technology and services of Harbinger will immediately become the core of Peregrine Systems new e-Business Connectivity Group.

"The consensus is building that the integration of e-business connectivity with e-Procurement and the entire asset lifecycle management process offers substantial value", said Steve Gardner, president and CEO of Peregrine Systems. "We are confident that this acquisition will provide shareholder value and customer opportunities that will be unique to this market space."

The combined offering enables businesses of all sizes to access multiple e-marketplaces for requisitioning, acquiring, managing and disposing of critical assets, facilities and other operating resources. With more than 44,000 worldwide customers, coupled with a global e-commerce network already processing more than one million mission-critical transactions daily, the combined company will be one of the largest providers of end-to-end e-business solutions.

"Companies are finding the supplier enablement component of e-procurement to be one of the biggest inhibitors to realising the significant ROI associated with e-procurement", said Heather Ashton, director, electronic business strategies, Hurwitz Group, Inc. "Solution providers who can be a one-stop resource for procurement, enablement and back-end management can be the key to a company's success in e-business."

A unique value proposition

The acquisition creates a company that for the first time delivers comprehensive capabilities to implement the complete lifecycle of e-business along with unparalleled worldwide deployment services that help businesses rapidly deploy broad-based B2B initiatives. Integrated capabilities include:

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  E-procurement.

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  Marketplace creation, management, and access.

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  Catalogue content management.

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  E-business community integration.

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  Infrastructure management for traditional and e-infrastructure.

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  Employee self-service.

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  ASP delivery of e-business solutions.

Customers can now use a full suite of electronic trading and procurement solutions from a single global provider, including integration to their asset management and other business systems. Peregrine solutions create the connection from supplier to market, from market to buyer, then connect to internal processes such as the buyer's customer supply chain, e-procurement, and infrastructure management processes, and finally link the buyer back to the world of e-business at the end of those processes.

This end-to-end approach, starting from the suppliers outside the firewall, into a company, through the company, and back out again, delivering a complete e-business solution at every step in the lifecycle, creates a unique value proposition for organisations, large and small.

Operational integration of the new combined entity has started, with joint sales and marketing activities and consolidated research and development planning immediately underway. Initial product integration of the Peregrine Get.Resources! e-procurement solution and the new e-commerce network solution has already been completed and demonstrated to prospective customers.

Peregrine Systems acquired all of the outstanding stock and stock options of Harbinger at an exchange ratio of 0.75 shares of Peregrine Systems' common stock for each share of Harbinger common stock. Peregrine Systems issued approximately 36 million shares in exchange for all the outstanding equity securities of Harbinger. The transaction is being accounted for by the purchase method and treated as a tax-free reorganisation.

About Peregrine Systems

Peregrine Systems is a leading provider of employee self-service, infrastructure management and e-business connectivity solutions that help ensure the reliability, productivity and cost-effectiveness of organisational infrastructure. Peregrine Systems provides infrastructure management solutions to organisations that permit them to manage the availability and cost of their technology, facilities and transportation infrastructure. Peregrine Systems also provides Get.It!^TM employee self-service Weblications^TM to allow any employee in the organisation to obtain what they need to get their job done. By integrating employee self-service Weblications, such as e-procurement, with total lifecycle infrastructure management and e-business transaction exchange, Peregrine Systems solutions empower organisations to make better and faster business decisions. In a world moving toward 24-hour global commerce, infrastructure management, coupled with employee self-service and e-business transaction exchange is a key to competitive success.

Founded in 1981, Peregrine Systems is headquartered in San Diego, California, with offices throughout the USA, as well as in the UK, Belgium, Canada, France, Germany, Denmark, Italy, Japan, The Netherlands, Sweden, Australia and Singapore. Peregrine Systems also has alliance partners and distributors located throughout these regions and in Latin America. More information on Peregrine Systems is available on the Web at http://www.peregrine.com or contact Marie Murphy/Rebecca Mines, Peregrine Systems. Tel: 020 8332 9666; e-mail: mmurphy@peregrine.com