Peregrine Systems Inc. has announced a strategic alliance and equity investment with ZoneTrader.com (www.zonetrader.com), a leading b2b online marketplace for used and surplus capital equipment.

Peregrine Systems e-Procurement solution will be modified to enable the transfer of end of lifecycle assets to the ZoneTrader.com marketplace for asset disposition. Peregrine Systems relationship with ZoneTrader.com will enable customers to manage the entire lifecycle of their assets from e-Procurement through e-Disposition. The relationship between the two companies establishes a position for ZoneTrader with Peregrine Systems customers who wish to either retire capital assets or acquire used capital assets.

"Given our expertise in the management of assets throughout their lifecycles, it was a logical next step to take an active role in the disposition of those assets, essentially closing the loop on total asset management," said Douglas Powanda, executive vice president of worldwide operations of Peregrine Systems. "Companies can now take control of every aspect of the product’s lifecycle, including retirement, to maximise the benefit of these resources and reduce the total cost of their corporate infrastructure."

David Gigerich, CEO of ZoneTrader.com, commented: "The value of the asset history that Peregrine Systems will provide greatly enhances the service we provide to our customers. It reinforces our commitment to providing top-quality, reliable surplus and used products that we back with our ZoneTrader-Approved guarantee."

Anna Lagerkvist