Sourcing & Procurement Management News

Cupertino, Calif., February 11, 2008 — NetManage, Inc. (Nasdaq:NETM), a software company that provides the fastest way to transform legacy applications into new Web-based business solutions, and Rocket Software, Inc. (www.rs.com), a Boston-based privately held corporation ("Rocket"), developer of Enterprise Infrastructure products, today jointly announced a further extension of the date by which Rocket must obtain financing for the contemplated acquisition of NetManage. NetManage and Rocket agreed on February 8, 2008 to amend the Agreement to extend the date by which Rocket must terminate the Agreement or waive the financing contingency to February 29, 2008.

EDISON, N.J., Feb 20, 2008 (BUSINESS WIRE) -- I-many, Inc. (NASDAQ:IMNY), a leading provider of contract management software and services for the enterprise, has completed the previously announced acquisition of the ClaimRight data validation software business from Global Healthcare Exchange, LLC and Global Healthcare Exchange, Inc. (GHX). With the acquisition, I-many acquired highly talented and uniquely skilled employees from GHX, as well as valuable intellectual property and business process knowledge that will increase the strength of I-many's product offerings. The purchase was an all cash transaction totaling $2.2 million, with $1.6 million payable at closing and $600,000 in milestone payments spread over the following year.

HOUSTON, Feb. 20, 2008 - DataCert, Inc., the leading provider of legal and IP spend and matter management solutions, today announced 2007 revenue growth of 28 percent over 2006.

2007 Highlights

Expanded European presence into DACH (Germany, Austria and Switzerland) and Benelux (Belgium, the Netherlands and Luxembourg)

Acquired Corprasoft Inc. and added new matter management Technology to DataCert's spend management solutions

Grew corporate sales with the addition of 20 new corporate orders over 2006

Increased DataCert's Fortune® 500 customer count to 71 at year-end

Processed more than 1.4 million law firm and vendor invoices, a 15 percent increase over 2006

Fast-growing provider of fleet management services taps Ariba’s on-demand solutions to drive savings and increase competitive advantage

SUNNYVALE, Calif. – February 19, 2008 – Ariba, Inc. (NASDAQ: ARBA), the leading spend management solutions provider, today announced that it has signed an agreement with AmeriQuest Transportation Services, a leading provider of comprehensive fleet management services in North America that has recently been named to Inc. Magazine’s list of fastest growing private companies. A pioneer among mid-market companies that are embracing spend management to transform their businesses, AmeriQuest has selected Ariba’s on-demand spend management solutions as the platform for an aggressive strategy to generate savings and process efficiencies that increase its competitive advantage.

MedAssets, Inc. (NASDAQ: MDAS) announced today that Saint Barnabas Health Care System in New Jersey signed an agreement to expand the breadth of services provided to the multi-hospital system. Saint Barnabas Health Care System has been a MedAssets customer since 2004, and based on the success of the relationship and significant financial results delivered in Supply Chain management, the relationship has been extended to 2012 and includes the addition of certain revenue cycle management offerings.

Saint Barnabas Health Care System is the second largest private employer in New Jersey with over 20,000 employees. The system operates six hospitals and other healthcare facilities and provides treatment and services to more than 225,000 inpatient and same day surgery patients, 450,000 emergency department patients, over 1.5 million outpatients, and delivers more than 17,500 babies annually.

Atlanta, GA,February 15, 2008 -- MedAssets, Inc. (MDAS: NASDAQ) announced today that it has entered into a new multi-year agreement with Bon Secours Health System to expand its relationship by implementing a suite of MedAssets data management and analytical tools to enhance Supply Chain and revenue cycle data accuracy and transparency across the health system. In 2005, Bon Secours began using MedAssets’ Revenue Management solutions for chargemaster management, charge capture and strategic pricing.

Bon Secours Health System, a Catholic healthcare ministry headquartered in Marriottsville, Maryland, includes 15 acute-care hospitals, one psychiatric hospital, six nursing care facilities, numerous ambulatory sites, six assisted living facilities, and home health and hospice services. Bon Secours Health System’s more than 19,000 caregivers help people in 12 communities in nine states, primarily on the East Coast. The Congregation of Sisters of Bon Secours also has health care ministries in France, Ireland, Great Britain, and South America.

Atlanta, GA ,February 15, 2008 -- MedAssets, Inc. (NASDAQ: MDAS), announced today it achieved a Category Leader ranking in Revenue Cycle – Claims Management Software from KLAS for its claims management solution in healthcare for the second consecutive year. XClaim is a leader in clean claims submission rates and payer payment rates resulting in increased net revenue, decreased account receivable days, and increased cash flow for MedAssets’ customers.

MedAssets added XClaim to its Revenue Management segment with the acquisition of XactiMed in 2007. XactiMed’s XClaim claims management solution was ranked #1 by independent research and consulting firm, KLAS, for 2007 and 2006. XClaim outranked McKesson, ePremis, and SSI to win the top ranking as rated by customers using the solutions.

ATLANTA, Feb 15, 2008 -- MedAssets, Inc. (NASDAQ: MDAS) announced today that it has entered into a new multi-year agreement with Bon Secours Health System to expand its relationship by implementing a suite of MedAssets data management and analytical tools to enhance Supply Chain and revenue cycle data accuracy and transparency across the health system. In 2005, Bon Secours began using MedAssets' Revenue Management solutions for chargemaster management, charge capture and strategic pricing.

Bon Secours Health System, a Catholic healthcare ministry headquartered in Marriottsville, Maryland, includes 15 acute-care hospitals, one psychiatric hospital, six nursing care facilities, numerous ambulatory sites, six assisted living facilities, and home health and hospice services. Bon Secours Health System's more than 19,000 caregivers help people in 12 communities in nine states, primarily on the East Coast. The Congregation of Sisters of Bon Secours also has health care ministries in France, Ireland, Great Britain, and South America.

HOUSTON (January 28, 2008) – SolArc, an innovative, market-focused software company with a proven solution that streamlines and automates the jet fuel supply chain, announced today that Northwest Airlines will implement SolArc RightAngle for managing the jet fuel supply, logistics, accounting and price hedging for their domestic and international operations. Northwest Airlines will use SolArc RightAngle to manage jet fuel procurement, taxes, inventory, and automated payables matching integrated with IATA InvoiceWorks. A major goal of the initiative is to consolidate information systems and implement best practices for managing the fuel spend.

Atlanta, January 9, 2008 - MFG.com, the largest global online marketplace for the manufacturing community, today announced that it has received $26 million in financing. The investment was led by Fidelity Ventures and Fidelity Asia Ventures, with an additional contribution by existing investor European Founders Fund (EFF). The funds will be utilized for MFG.com's continued global expansion, Technology development, creation of innovative new online services and potential acquisitions.

MFG.com also announced that Fidelity Ventures partner, Larry Cheng, has joined its Board of Directors. Cheng joins current Board members Mitch Free, CEO and Founder of MFG.com and Steve Campbell, Chief Investment Officer, Bezos Expeditions (a private investment firm of Jeff Bezos). In addition, Fidelity Asia Ventures managing partner, Daniel Auerbach, has joined as a Board observer.

Company Continues to Grow with Product Innovation and Increased Customer Acquisition

Santa Clara, Calif., January 30, 2008 – Closing out another year of strong corporate momentum and successful product innovation achievements, Ketera, the leading provider of On Demand Spend Management solutions, today announced it achieved record growth in 2007.

Most notably in 2007, Ketera had great product innovation success launching Ketera Supplier Connect, the first–ever Supply Base Management solution that delivers end–to–end support for key supplier lifecycle processes to both buyers and suppliers. The company also continued to demonstrate clear market leadership by achieving a 95 percent customer renewal rate and by expanding its footprint with several existing enterprise customers. As a result of this strong corporate and product momentum, Ketera became cash–flow positive in the fourth quarter of 2007 and finished the year with record growth.

cc-hubwoo strengthens its e-Purchasing Services offering in the USA

Paris – January 3rd, 2008: cc-hubwoo, the world's leading e-Purchasing Expert ™ and operator of the Enterprise Supply Network ™ today announces the acquisition of blueSolutions Inc. cc-hubwoo strengthens its e-Purchasing Services Offering in the USA CEO-elect Mark Williams commented: ‘This acquisition represents a logical step in the implementation of our strategy. From a geographical, cultural, and strategic viewpoint, blueSolutions is a perfect match for cchubwoo and establishes, in North America, our largest consulting team. I am delighted to be able to kick off the New Year with such a positive step’.

Second major oil company to choose solution in 60 day period

WESTPORT, Connecticut, USA (January 22, 2008) - Triple Point Technology®, the leading global supplier of cross-industry commodity and energy trading, risk management and Logistics software platforms, announced today that CITGO Petroleum Corporation has selected Commodity Management, the joint SAP and Triple Point trading, risk management and operations software solution. CITGO joins Engen Petroleum and ABB Grain, among others, in its selection of the cooperatively developed solution.

"CITGO is the fourth organization and second major oil company to choose the joint SAP and Triple Point Commodity Management solution in the last 60 days," said Peter F. Armstrong, president and CEO, Triple Point Technology. "The market is clearly stating that for SAP customers, the pre-integrated SAP and Triple Point solution provides both the best function and business value."

Conshohocken, Pa., Feb. 11, 2008 – Expensewatch.com continued its rapid growth ending 2007 with the best overall performance of its seven-year history.

“Our laser focus to serve the needs of small and midsized businesses, our software-as-a-service subscription-based delivery model, and our ability to either resolve a specific expense control pain for a customer or offer a complete solution for all company spending processes is what continues to differentiate us in the market and enable our ongoing success,” said Bill Vergantino, Expensewatch.com CEO. “Solid customer acquisition, client retention and spending control performances resulted in year-over-year improvements of our operating cash flow by 52% and revenues by 65%.”

Third oil organization and fifth commodity company to select solution in previous 90 day period

WESTPORT, Connecticut, USA (February 5, 2008) - Triple Point Technology®, the leading global supplier of cross-industry commodity and energy trading, risk management and Logistics software platforms, announced today that Van der Sluijs Groep has selected Commodity Management™ for oil and biofuels. Van der Sluijs is one of Europe's largest oil Logistics and distribution companies and the third oil business in 90 days to adopt Commodity Management, the cooperatively developed commodity and oil trading, risk management and operations software solution from Triple Point and SAP.

Cleveland — January 30, 2008 — Group purchasing organization Corporate United has begun identifying and distinguishing the green initiatives of its suppliers and encouraging members to take advantage of contracts with sustainability features, the company has announced.

"Responsible, green, sustainable initiatives are now an imperative," said Andrea Morton, Corporate United supplier manager. "By recognizing the significant efforts of our suppliers and connecting them with our member companies, we are participating in the global mission to improve environmental conditions. Our goal is to help members make better informed and more responsible decisions."

EDISON, NJ, Feb 04, 2008 (MARKET WIRE via COMTEX News Network) -- I-many, Inc. (NASDAQ: IMNY), the leading provider of contract management software and services for the enterprise, has been invited to present at the 20th Annual Roth Capital Partners Growth Stock Conference. The conference will be held February 18-21, 2008 at the Ritz Carlton Laguna Niguel in Dana Point, California.
Roth Capital Partners Stock Conferences are one of the largest in the nation for micro and small-cap companies in technology, healthcare, financial services and consumer products sectors. More than 1,000 institutional investors are expected to attend.

Q4 Net Revenues Up 51%; Annual Net Revenues Up 37%; Q4 Cash Flow Positive
EDISON, NJ, Feb 05, 2008 (MARKET WIRE via COMTEX News Network) -- I-many, Inc. (NASDAQ: IMNY), a leading provider of contract management software and services for the enterprise, reported financial results for the fourth quarter and year ended December 31, 2007.
Q4 2007 Financial Highlights

-- Net revenues increased for the sixth consecutive quarter to $11.5
million, up 7% sequentially and up 51% year over year

-- Recurring revenue up 37% vs. Q4 2006 to a record $5.6 million

-- Cash totals $29.0 million, including $1.5 million of positive cash

Centralized Supplier Information Management (SIM) System Drives Efficiencies, Eliminates Disparate and Disjointed Supply Chain Practices, and Drives Continuity, Consistency and Compliance

San Francisco, CA, January 28, 2008 – Aravo Solutions, Inc., the leading provider of on-demand Supplier Information Management (SIM) software and services, today announced that the company will offer a free 90 day subscription for supplier registration, profiling, validation and approval. The offer allows up to 5
buyer users to test the product with up to 2000 suppliers for a period of 90 days. This allows prospective customers to try out the product before investing in the subscription costs.

Designations Recognize In-Depth Technical Expertise and Demonstrated Customer Success in Selling, Deploying, and Providing Services for More Sophisticated Cisco Solutions

HERNDON, VA – January 31, 2008 – ePlus inc. (OTC: PLUS - news) today announced that ePlus Technology inc., a wholly owned subsidiary, has achieved both the Master Unified Communications Specialization and the Master Security Specialization from Cisco®. These designations recognize ePlus as having fulfilled the training requirements and program prerequisites to sell, deploy, and support highly sophisticated Cisco unified communications and security solutions.

ePlus to Drive Contract Renewals for HP and Strengthen Existing Relationship through New Sales Opportunities

HERNDON, VA – February 1, 2008 – ePlus inc. (OTC: PLUS - news) today announced that ePlus Technology inc., a wholly owned subsidiary, is among an elite group of companies that has been selected to support HP’s mid market services renewal program.

As part of the Mid Market Contract Transition for HP Services program, ePlus had to meet an extensive set of criteria through a thorough RFP process. ePlus is an HP Platinum Partner and has more than 18 years of experience delivering HP solutions, products, and services to organizations across the United States. With existing procedures and certified staff already in place, ePlus also demonstrated the capability to support the program from the onset.

View at www.quadrem.com/procurecon2007
Amsterdam and Dallas – 4 February 2008 – An executive panel discussion advising CPOs how to gain maximum benefits from global sourcing is now available for viewing at www.quadrem.com/procurecon2007 . Titled “Extracting Wider Benefits from Global Sourcing,” the panel was chaired by the CEO of Quadrem, Charles Jackson, at ProcureCon 2007 and featured top Procurement executives from Barrick Gold, Vale and Newmont Mining.
Areas of focus include:

Finding dependable suppliers in emerging markets who can meet your sourcing needs and accommodate future growth

Company posts record year-over year growth in subscription software revenue and backlog

SUNNYVALE, Calif., January 24, 2008 - Ariba, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced results for the first quarter of fiscal year 2008, ended December 31, 2007.

Quarterly Financial and Operational Highlights:

Total Non-GAAP revenues $77.4 million and EPS of $0.07
Record Non-GAAP subscription software revenue of $21 million up 40% year-over-year
Record organic twelve-month subscription software backlog of $80 million, up 63% year-over-year
Closed Procuri acquisition

Atlanta, January 9, 2008 - MFG.com, the largest global online marketplace for the manufacturing community, today announced that it has received $26 million in financing. The investment was led by Fidelity Ventures and Fidelity Asia Ventures, with an additional contribution by existing investor European Founders Fund (EFF). The funds will be utilized for MFG.com's continued global expansion, Technology development, creation of innovative new online services and potential acquisitions.

MFG.com also announced that Fidelity Ventures partner, Larry Cheng, has joined its Board of Directors. Cheng joins current Board members Mitch Free, CEO and Founder of MFG.com and Steve Campbell, Chief Investment Officer, Bezos Expeditions (a private investment firm of Jeff Bezos). In addition, Fidelity Asia Ventures managing partner, Daniel Auerbach, has joined as a Board observer.

New Partner Marketplace Helps Growing Number of Rearden Commerce Alliance Program Members Tap Qualified Sales Leads, Benefit from Access to Valuable Information

Foster City, Calif. – January 10, 2008 – Rearden Commerce, creator of the first on-demand
personal assistant and the first on-demand platform for services, today announced its new
Partner Marketplace. The Rearden Commerce Partner Marketplace is a powerful new tool to
increase collaboration between Rearden Commerce and its Alliance Program members,
comprised of more than 50 of the top travel management companies (TMCs) across the United