Peregrine Systems completed its acquisition of Harbinger Corporation last Friday. The technology and services of Harbinger will immediately become the core of Peregrine Systems new e-Business Connectivity Group.

With more than 44,000 world-wide 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.

"Our end-to-end e-Business vision is gaining momentum not only with customers but also among major consulting and managed services organisations," said Steve Gardner, president and CEO of Peregrine Systems. "Since the time of the initial announcement of this transaction through Friday's closing, we have spoken to hundreds of customers and alliance partners. The consensus is building that the integration of e-Business connectivity with e-Procurement and the entire asset lifecycle management process offers substantial value. We are confident that this acquisition will provide shareholder value and customer opportunities that will be unique to this market space."

Peregrine Systems, based in San Diego, USA, provides infrastructure management solutions to organisations that permit them to manage the availability and cost of their technology, facilities and transportation infrastructure.

The combined company capitalises on the strengths of two companies with long experience in delivering scalable solutions for e-Business. The new Peregrine solution set integrates processes for infrastructure management, employee self service solutions including e-Procurement, and the creation and management of b2b connections and exchanges. 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.

Peregrine says its 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 creates a unique value proposition for organisations, large and small, says the company.

More information on www.peregrine.com

Anna Lagerkvist