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Surplex Selected by Covisint for European Asset Recovery Services

Berlin (ots)

Automotive e-business exchange strengthens its activities in the
asset recovery area
Surplex, Europe's leading asset recovery solutions
provider, announced today that it has been selected by Covisint to
provide asset recovery services to its European customers. Through
this agreement with Surplex, Covisint supplements its Asset
Management technology and Covisint customers now have access to
complete asset recovery solutions including internal asset
redeployment and asset sales.
"This agreement with Surplex allows our European customers to
realize more value from the improvements in the reuse and sale of
their surplus assets," said Lars Olrik, managing director, Covisint
Europe. "Customers have instant access to a market leading suite of
comprehensive and fully functional asset recovery services via
Surplex."
Surplex and Covisint's asset reallocation process will help
companies reduce capital expenditures by redeploying idle assets
within the company. Assets that are no longer needed by companies,
and declared surplus, are then marketed through numerous
international channels - allowing customers to attain the best
possible prices for their surplus assets. Surplex also provides
offline services, including financing, transportation, valuation, and
installation of plant and machinery.
Surplex CEO, Bruno Schick, says, "Surplex is offering Covisint
customers its expertise in asset recovery and European-wide presence
for surplus asset recovery and reselling. Covisint customers will
benefit from direct access to a client base of more than 10,000
registered users. Furthermore, Surplex will support -online sales
initiatives with offline marketing of the surplus assets via our 10
offices throughout Europe reaching a significant portion of the
market."
About Covisint
Covisint, LLC is a global, independent e-business exchange
providing the automotive industry with leading collaborative product
development, procurement and supply chain tools that give its
customers the ability to reduce costs and bring efficiencies to their
business operations. Developed by DaimlerChrysler, Ford, General
Motors, Nissan, Renault, Commerce One and Oracle, Covisint is
currently located in Southfield, Michigan. The organization has also
established offices in Amsterdam and Tokyo. For more information
about Covisint, visit www.covisint.com.
About Surplex
Surplex is Europe's leading provider of asset recovery solutions
offering complete online and offline solutions for corporate clients
to obtain the highest value from their idle assets. Surplex was
founded in 1999 with the support of private investors, venture
capitalists and industrial investors.   Impressive financial support
totaling approximately  50 million has been provided by Carlyle
Internet Partners Europe, b-business partners (a new venture capital
company of Investor AB, ABB,  Atlas Copco, Sandvik, SKF and others),
Global Retail Partners, Henkel, Viventures, and others.  Additional
information can be obtained at www.surplex.com

Contact:

Bruno Schick
CEO
Surplex AG
Phone +49 30 726204 100
E-mail: bruno.schick@surplex.com

Thomas Hill
Covisint
Phone +1 248 926 6998
E-mail: thomas@nrwpr.com