<PAGE>




                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                -----------------

                                    FORM 11-K

                                -----------------


(Mark One)

[X]       ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
          ACT OF 1934

          FOR THE FISCAL YEAR ENDED DECEMBER 31, 2003

                                       OR

[ ]       TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
          ACT OF 1934


          FOR THE TRANSITION PERIOD FROM _________ TO _________


                         COMMISSION FILE NUMBER 0-24277

               Full title of the plan and the address of the plan:

                 Clarus Corporation Employee Stock Purchase Plan
            Global Employee Stock Purchase Plan of Clarus Corporation
                               One Pickwick Plaza
                               Greenwich, CT 06830

    Name of issuer of the securities held pursuant to the plan and address of
                        its principal executive office:

                               Clarus Corporation
                               One Pickwick Plaza
                               Greenwich, CT 06830




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                                TABLE OF CONTENTS


<TABLE>
<CAPTION>
                                                                                      PAGE
                                                                                      ----
<S>                                                                                    <C>
Clarus Corporation Employee Stock Purchase Plan:

         Independent Auditors' Report                                                    3

         Statements of Financial Condition - December 31, 2003 and 2002                  4

         Statements of Operations and Changes in Plan Equity - Years ended
           December 31, 2003, 2002 and 2001                                              5

         Notes to Financial Statements                                                   6

Global Employee Stock Purchase Plan of Clarus Corporation

         Independent Auditors' Report                                                    8

         Statements of Financial Condition - December 31, 2003 and 2002                  9

         Statements of Operations and Changes in Plan Equity - Years ended
           December 31, 2003, 2002 and 2001                                             10

         Notes to Financial Statements                                                  11

Signatures                                                                              13

</TABLE>



                                       2
<PAGE>


                          INDEPENDENT AUDITORS' REPORT



The Board of Directors of
Clarus Corporation:


We have audited the accompanying statements of financial condition of the Clarus
Corporation Employee Stock Purchase Plan (the "Plan") as of December 31, 2003
and 2002 and the related statements of operations and changes in Plan equity for
each of the years in the three-year period ended December 31, 2003. These
financial statements are the responsibility of the Plan's management. Our
responsibility is to express an opinion on these financial statements based on
our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by the Plan's management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial condition of the Clarus Corporation
Employee Stock Purchase Plan as of December 31, 2003 and 2002 and the results of
its operations and changes in its Plan equity for each of the years in the
three-year period ended December 31, 2003 in conformity with accounting
principles generally accepted in the United States of America.



                                               /s/ KPMG LLP


Atlanta, Georgia
April 23, 2004



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                               CLARUS CORPORATION
                          EMPLOYEE STOCK PURCHASE PLAN
                        STATEMENTS OF FINANCIAL CONDITION
                           DECEMBER 31, 2003 AND 2002



                                                        2003           2002
                                                    ------------   ------------
ASSETS:

Participants' payroll deductions receivable
from Clarus Corporation (note 1)                    $        --    $     15,156
                                                    ============   ============

LIABILITIES:

Withdrawals payable to participants (note 1)        $        --    $      5,173

PLAN EQUITY                                                  --           9,983
                                                    ------------   ------------

LIABILITIES AND PLAN EQUITY                         $        --    $     15,156
                                                    ============   ============











                 See accompanying notes to financial statements.



                                       4
<PAGE>

                               CLARUS CORPORATION
                          EMPLOYEE STOCK PURCHASE PLAN
               STATEMENTS OF OPERATIONS AND CHANGES IN PLAN EQUITY
                  YEARS ENDED DECEMBER 31, 2003, 2002 AND 2001



                                              2003          2002        2001
                                          -----------  -----------  -----------
Participants' contributions, net          $        --  $    39,937  $   185,812

Contributions used for stock purchase          (9,983)     (60,007)    (259,466)
                                          -----------  -----------  -----------
Net decrease in Plan equity                    (9,983)     (20,070)     (73,654)

Plan equity, beginning of year                  9,983       30,053      103,707
                                          -----------  -----------  -----------
Plan equity, end of year                  $        --  $     9,983  $    30,053
                                          ===========  ===========  ===========









                 See accompanying notes to financial statements.



                                       5
<PAGE>

                               Clarus Corporation
                          Employee Stock Purchase Plan
                          Notes to Financial Statements
                        December 31, 2003, 2002, and 2001



1. Description of the Plan

The following description of the Clarus Corporation Employee Stock Purchase Plan
(the "Plan") provides general information only. Participants should refer to the
Plan documents for more complete information.

The purpose of the Plan is to encourage and assist employees of Clarus
Corporation and its subsidiaries (the "Company"), by giving them the opportunity
to acquire an equity interest in the Company through the purchase of shares of
the Company's common stock at a discount. Generally, eligible employees, as
defined in the Plan documents, may elect to have up to 15 % of their annual
salary, up to a maximum of $12,500 per six-month purchase period, withheld to
purchase the Company's common stock at a price equal to the lower of 85% of the
market price of the Company's common stock at either the beginning or the end of
the six-month offering period. There were no participants in the Plan at
December 31, 2003 and three participants in the Plan at December 31, 2002.
Effective January 1, 2001, the Plan was amended and the $12,500 purchase period
limitation was removed from the Plan. Each eligible employee who elects to
participate in the Plan is deemed to be granted the option at the beginning of
each six-month period to purchase shares of newly issued common stock of the
Company through regular payroll deductions during the period beginning on the
first day of each six month period and ending on the final day of the six month
period. The market price used to calculate the purchase price is the lower of
85% of the price at the beginning of the six-month period or 85% of the price at
the end of the six-month period.

The Plan allows a participant to withdraw all but not less than all payroll
deductions credited to their account during a purchase period at any time prior
to the applicable purchase date by giving written notice to the Company. The
Plan was amended effective August 29, 2001 to require that a withdrawal must be
made at least five business days prior to the purchase date. No other changes,
including increasing or decreasing the amount of payroll deductions, may be made
during the purchase period.

No interest will accrue or be payable with respect to any of the payroll
deductions of a Participant in the Plan. All employee payroll deductions
withheld by the Company under the Plan may be commingled with the general funds
and assets of the Company and used by the Company for any corporate purpose.

The Company adopted the Plan in June 2000. A maximum of 750,000 shares of common
stock may be purchased under the Plan. As of December 31, 2000, no shares had
been purchased under the Plan. In January 2001, $103,577 was used to purchase
17,486 shares for the period from June 13, 2000 (inception) to the year ended
December 31, 2000. In July 2001, $155,889 was used to purchase 30,214 shares for
the period ending June 30, 2001. In January 2002, $30,006 was used to purchase
5,740 shares of common stock for



                                       6
<PAGE>

the period ending December 31, 2001. In July 2002, $30,001 was used to purchase
7,059 shares of common stock for the period ending June 30, 2002. During 2003,
$9,983 was used to purchase 2,349 shares of common stock and $5,173 was refunded
to participants for the period ending December 31, 2002. The amount refunded was
the amount due to one participant who reached the Internal Revenue Service
$25,000 annual limit of the amount of stock an employee can purchase at fair
market value.

2. Accounting Policy

The accompanying financial statements have been prepared on the accrual basis of
accounting.

3. Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates that affect the amounts reported as assets, liabilities, and changes
therein, and the disclosure of contingent assets and liabilities. Actual results
could differ from those estimates.

4. Administrative Expenses of the Plan

The Company pays all administrative expenses of the Plan. The Company pays any
brokerage fees for the purchase of shares on behalf of the Plan participants,
but the participants pay brokerage fees for the resale of shares by
participants.

5. Federal Income Tax

The Plan is intended to comply under section 423 of the Internal Revenue Code of
1986, as amended. Under existing federal income tax laws, the Plan is not
subject to federal income tax. However, when a participant sells any shares of
stock purchased through the Plan, that participant must recognize income taxes
on any gain or loss.

6. Plan Termination

Although it has not expressed any intent to do so, the Company has the right to
terminate or amend the Plan at any time, provided, however, that no termination
or amendment shall affect or diminish any participant's right to the benefit of
contributions made by the participant prior to the date of such amendment or
termination.


                                       7
<PAGE>



                          INDEPENDENT AUDITORS' REPORT



The Board of Directors of
Clarus Corporation:



We have audited the accompanying statements of financial condition of the Global
Employee Stock Purchase Plan of Clarus Corporation (the "Global Plan") as of
December 31, 2003 and 2002 and the related statements of operations and changes
in Plan equity for each of the years in the three-year period ended December 31,
2003. These financial statements are the responsibility of the Global Plan's
management. Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by the Global Plan's management, as well as
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial condition of the Global Employee Stock
Purchase Plan of Clarus Corporation as of December 31, 2003 and 2002 and the
results of its operations and changes in its Plan equity for each of the years
in the three-year period ended December 31, 2003, in conformity with accounting
principles generally accepted in the United States of America.



                                                   /s/ KPMG LLP


Atlanta, Georgia
April 23, 2004



                                       8
<PAGE>






            Global Employee Stock Purchase Plan of Clarus Corporation
                        Statements of Financial Condition
                           December 31, 2003 and 2002




                                                        2003           2002
                                                    ------------   ------------
ASSETS:

Participants' payroll deductions receivable
from Clarus Corporation (note 1)                    $       --     $       --
                                                    ============   ============

LIABILITIES AND PLAN EQUITY:

Withdrawals payable to participants
and Plan equity (note 1)                            $       --     $       --
                                                    ============   ============








                 See accompanying notes to financial statements.



                                       9
<PAGE>

            Global Employee Stock Purchase Plan of Clarus Corporation
               Statements of Operations and Changes in Plan Equity
                  Years ended December 31, 2003, 2002 and 2001



                                              2003         2002         2001
                                          -----------  -----------  -----------
Participants' contributions, net          $      --    $     9,305  $    54,930

Contributions used for stock purchase            --        (27,909)     (40,346)
                                          -----------  -----------  -----------
Net change in Plan equity                        --        (18,604)      14,584

Plan equity, beginning of year                   --         18,604        4,020
                                          -----------  -----------  -----------

Plan equity, end of year                  $      --    $      --    $    18,604
                                          ===========  ===========  ===========










                 See accompanying notes to financial statements.


                                       10
<PAGE>


            Global Employee Stock Purchase Plan of Clarus Corporation
                          Notes to Financial Statements
                        December 31, 2003, 2002 and 2001



1. Description of the Plan

The following description of the Global Employee Stock Purchase Plan of Clarus
Corporation (the "Global Plan") provides general information only. Participants
should refer to the Global Plan documents for more complete information.

The purpose of the Global Plan is to provide a means for non-U.S. resident
employees and other employees whose participation in the Clarus Corporation
Employee Stock Purchase Plan is impractical or impermissible due to the
constraints of local law or otherwise to acquire shares of the Clarus
Corporation and its subsidiaries (the "Company") common stock at a discount.
Generally, eligible employees, as defined in the Global Plan documents, may
elect to have up to 15% of their annual salary, up to a maximum of $12,500 per
six-month purchase period, withheld to purchase the Company's common stock at a
price equal to the lower of 85% of the market price of the Company's common
stock at either the beginning or the end of the six month offering period. There
were no participants in the Plan at December 31, 2003 or 2002. Effective January
1, 2001, the Global Plan was amended and the $12,500 purchase period limitation
was removed from the Global Plan. Each eligible employee who elects to
participate in the Global Plan is deemed to be granted the option at the
beginning of each six-month period to purchase shares of newly issued common
stock of the Company through regular payroll deductions during the period
beginning on the first day of each six-month period and ending on the final day
of the six-month period. The market price used to calculate the purchase price
is the lower of 85% of the price at the beginning of the six-month period or 85%
of the price at the end of the six-month period.

The Global Plan allows a participant to withdraw all but not less than all
payroll deductions credited to their account during a purchase period at any
time prior to the applicable purchase date by giving written notice to the
Company. The Global Plan was amended effective August 29, 2001 to require that a
withdrawal must be made at least five business days prior to the purchase date.
No other changes, including increasing or decreasing the amount of payroll
deductions, may be made during the purchase period.

No interest will accrue or be payable with respect to any of the payroll
deductions of a participant in the Global Plan. All employee payroll deductions
withheld by the Company under the Global Plan may be commingled with the general
funds and assets of the Company and used by the Company for any corporate
purpose.

The Company adopted the Global Plan in July 2000. A maximum of 250,000 shares of
common stock may be purchased under the Global Plan. For the period from July 1,
2000 through December 31, 2000, $38,716 was used to purchase 4,557 shares of
common stock under the Global Plan. In July 2001, $36,354 was used to purchase
7,046 shares for the period ending June 30, 2001 under the Global Plan. In
January 2002, $18,584 was used to purchase 3,555 shares of common stock for the
period ending



                                       11
<PAGE>

December 31, 2001. In July 2002, $9,325 was used to purchase 2,194 shares of
common stock for the period ending June 30, 2002.

2. Accounting Policy

The accompanying financial statements have been prepared on the accrual basis of
accounting.

3. Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates that affect the amounts reported as assets, liabilities, and changes
therein, and the disclosure of contingent assets and liabilities. Actual results
could differ from those estimates.

4. Administrative Expenses of the Global Plan

The Company pays all administrative expenses of the Global Plan. The Company
pays any brokerage fees for the purchase of shares on behalf of the Global Plan
participants, but the participants pay brokerage fees for the resale of shares
by participants.

5. Federal Income Tax

The Global Plan is not intended to comply under section 423 of the Internal
Revenue Code of 1986, as amended. The Global Plan is principally designed to
provide a means for non-U.S. resident employees and other employees whose
participation in the Clarus Corporation Employee Stock Purchase Plan is
impractical or impermissible due to the constraints of local law or otherwise to
acquire shares of the Company's common stock

6. Plan Termination

Although it has not expressed any intent to do so, the Company has the right to
terminate or amend the Global Plan at any time, provided, however, that no
termination or amendment shall affect or diminish any participant's right to the
benefit of contributions made by the participant prior to the date of such
amendment or termination.



                                       12
<PAGE>






                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Plans'
Administrator has duly caused this annual report to be signed on its behalf by
the undersigned hereunto duly authorized.

Clarus Corporation Employee Stock Purchase Plan
Global Employee Stock Purchase Plan of Clarus Corporation


By:

/s/ NIGEL P. EKERN                             Chief Administrative Officer
------------------
NIGEL P. EKERN


/s/ SUSAN LUCKFIELD                            Controller
-------------------
SUSAN LUCKFIELD


Dated: April 29, 2004



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