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[Back] 24 April 2001

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Covendis Procurement Technologies and Sabre Marketplace Announce Co-Marketing Agreement

ATLANTA, April 23 /Covendis Technologies (formerly known as uWork), the leading provider of eprocurement solutions in the professional services industry, and Sabre Holdings Corporation [NYSE: TSG] , the leading provider of technology and marketing services for the travel industry, today announced a co-marketing agreement. The agreement includes joint marketing and sales activities and provides Sabre customers an eprocurement solution for their contract services and temporary staffing requirements. As part of this agreement, Sabre will market the Covendis Services eProcurement (SeP) platform technology to those customers currently utilizing or evaluating eprocurement solutions offered by Sabre through its partnership with Ariba, Inc.

Sabre's eProcurement solutions include Ariba Buyer(TM), the most robust eprocurement product available today and SabreĀ® Marketplace, an Internet- enabled business to business (B2B) marketplace designed to offer procurement solutions exclusively for the travel and transportation industry. These eprocurement solutions address the inefficiencies of a manual procurement process, driving cost savings for participants through streamlined purchasing processes.

Sabre chose Covendis for its cutting-edge technology. Covendis' robust, flexible platform will enable Sabre customers to satisfy their professional service and temporary staffing requirements with speed, ease and less cost. The entire process from vendor selection through requisitions and resume responses to invoice processing and payment can be handled electronically by Covendis.

"We are excited to have Sabre join the list of ecommerce leaders using the Covendis SeP to deliver high value services to their customers," said Raymond Tsao, Covendis Technologies Founder and CEO. "Spending on professional services accounts for a significant percentage of a typical company's revenue. By leveraging the Internet to deliver procurement software as a service, via a browser, Covendis makes it easy and cost efficient for companies to help their customers automate, integrate and control their contract labor procurement process."

"We selected Covendis Technologies because we were impressed by their comprehensive approach to professional services eprocurement," said Tom Woods, Vice President, Sabre Marketplace. "We are committed to providing the highest level of service and value to our customers through our eprocurement initiatives, and Covendis will help us accomplish this."

About Covendis Technologies

Formerly known as uWork, Covendis Technologies provides the world's first web-based complete contract labor procurement infrastructure. Using proven methodology, Covendis assesses current buyer processes and vendor relationships, then provides recommendations to achieve guaranteed results. Results are delivered through the patent-pending Covendis Services eProcurement Platform, which electronically connects companies to their contract labor services suppliers in a private network. Covendis assists companies at any stage in their vendor management evolution by lowering costs, enabling access to a greater network of suppliers and contract talent, and by supplying better management information to improve process efficiency. For more information on Covendis Technologies, visit www.covendis.com .

About Sabre

Sabre is the leading provider of technology and marketing services for the travel industry. Headquartered in Dallas/Ft. Worth, Texas, the company has nearly 10,000 employees worldwide who span 45 countries. Sabre reported 2000 revenues of $2.6 Billion, an increase of 7.5 percent from 1999. Sabre maintains an ownership interest of approximately 70 percent in Travelocity.com, the world's leading online B2C travel site. More information on Sabre is available on the World Wide Web at www.sabre.com . Sabre and the Sabre logo are registered trademarks of an affiliate of Sabre Inc.

Organization
Hospitality NetSabre Holdings Corporation
http://www.sabre-holdings.com
3150 Sabre Drive
USA - Southlake, TX 76092
Phone: +1 682 605 1000
Email: info@sabre-holdings.com

Recent News
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