SynerDeal announces cooperation with Covisint Europe.

SynerDeal, one of the leading European supplier of ePurchasing services announced on July 13, 2001 it will be signing an intention letter to enter into a strategic cooperation with Covisint Europe, the European subsidiary of the leading automotive market place.

SynerDeal will complement Covisint Europe's solutions by assisting operationally corporate buyers in preparing and conducting online auctions. SynerDeal will support Covisint Europe's customers across a wide range of ePurchasing disciplines, including defining product specifications, online RFI and RFQ management, supporting the majority of the reverse auction process.

"We were looking for experienced and operational partners in the ePurchasing field. The SynerDeal proposition, its industrial expertise, its team of seasoned purchasing professionals, its proven track record and methodology, was seen as the one of those that could bring most added value to Covisint Europe's clients" says Lars Olrik, Managing Director Covisint Europe B.V.

"Its founders and clients make Covisint the largest global market place. We are proud that Covisint Europe selected SynerDeal to help its participants accelerate their savings through Covisint tools." says Thierry de Cassan, COO and co-founder of SynerDeal.