Procurement Outsourcing News

Redwood city, Calif., Jan. 16 -- E2open, the leading provider of multi-enterprise on-demand solutions for supply chain, Procurement and B2B integration, today announced the results of its Supply Chain survey conducted at the Oracle OpenWorld Software-as-a-Service (SaaS) Pavilion at the Oracle OpenWorld 2007 event held in San Francisco, November 11-14. Results of the survey of over 350 Oracle OpenWorld SaaS Pavilion attendees validate today's highest-priority Supply Chain initiatives: globalization of the supply chain, lean Supply Chain Management and trading partner integration. As a member in the Oracle PartnerNetwork, E2open was one of just 30 ISVs participating in Oracle's SaaS announcement at the event.

Dayton, October 16, 2007 – Corbus, the leaders in Procurement Outsourcing and Ramco Systems today announced a global partnership that significantly enhances business value delivered to its customers through improvement in their Supply Chain management.
The two companies are committed to provide a completely integrated, world-class solution that combines Technology and outsourcing expertise and offered at extremely competitive price points. The partnership places Corbus amongst the first few companies world-wide to offer Procurement outsourcing solutions on a SOA-based Technology platform.
President & COO of Corbus, Rakesh Mittal stated, "We continue to maintain our platform agnostic approach in Procurement outsourcing opportunities to help our clients maximize returns on their existing investments. However we feel obliged to extend to them an ability to leverage on World-Class Solutions that enhance cost productivity significantly. Our alliance with Ramco brings complete Supply Chain functionality at an unmatched price point with immense flexibility through their Hosted Solution”

ICG Commerce Leads Procurement Outsourcing Industry's Continued Growth As Leading Companies Propel Adoption

PHILADELPHIA - Monday, - ICG Commerce, a leading Procurement services provider, today
announced business results for 2006, demonstrating solid growth and continued momentum for the burgeoning
Procurement outsourcing industry. The company predicted continued double-digit increases in 2007.

ICG Commerce achieved year-over-year growth of 30 percent in 2006 and expects to
achieve this level in 2007. According to IDC, average industry growth in 2006 was 17%.
In addition, the company’s contract backlog (the value of all remaining contracted

Hackett Research Alert - World-Class Procurement Organizations Now Spend 25% Less,
Improved Effectiveness Dramatically Reduces Direct & Indirect Spending

Hackett Offers Five Key Best Practices to Help Executives Realize the Full Potential of a World-Class Procurement Function

ATLANTA--(BUSINESS WIRE)--World-class Procurement organizations now spend 25% less on Procurement operations than typical companies, while demonstrating improved effectiveness that enables them to generate twice the annualized reductions in direct and indirect spending, according to the 2006 Enterprise Book of Numbers from The Hackett Group, a strategic advisory firm and an Answerthink company (NASDAQ: ANSR). In addition, these world-class performers are reaping significant benefits by focusing on strategic management in key areas such as sourcing opportunities, supplier management, and the application of Technology investments.

Definitive Magazine for Outsourcing Honors ICG Commerce As One of Ten Leading Procurement Providers

PHILADELPHIA - Monday, November 20, 2006 - ICG Commerce, a leading Procurement services
provider, today announced that FAO Today, the most comprehensive magazine covering outsourcing,
listed the company among the "Top 10 Procurement Providers" in its most recent issue.

The list of industry leaders, compiled by FAO Today and Everest Research Institute, recognized
ICG Commerce specifically for its commitment to helping companies improve procurement
performance and proven experience providing Procurement Outsourcing services.

Enhanced Sourcing Solutions Help Customers Focus on Strategic Areas of Procure-to-Pay Cycle; Achieve Immediate Savings

SANTA CLARA, Calif. & CHICAGO--(BUSINESS WIRE)--Ketera, the leading provider of On Demand Spend Management solutions, and The Claro Group, a leading management consulting firm with deep sourcing and Procurement skills, today announced an alliance agreement designed to offer customers a one-stop, on demand solution for Strategic Sourcing and services. Under terms of the agreement, the companies are teaming to provide a joint solution that provides customers with access to a highly leveraged set of Procurement tools and a wide range of category savings experience. Additionally, both companies will collaborate on joint sales and marketing initiatives to enhance their positions as leaders in the spend management and Strategic Sourcing solutions.

KETERA AND INFOSYS BPO FORM STRATEGIC Procurement OUTSOURCING ALLIANCE

Partnership to Help Enterprise Customers Transform Procurement Business Processes

Bangalore, India, Fremont, Calif., and Santa Clara, Calif., Oct. 17, 2006—Ketera, the leading provider of On Demand Spend Management solutions, and Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies (NASDAQ:INFY), today announced a strategic alliance designed to help enterprise customers transform their procure-to-pay business processes with outsourced solutions and services. Together, Ketera and Infosys BPO can offer customers worldwide a transformational solution that reduces Procurement costs, improves spend compliance, and ultimately increases spend under management.

Initiative to Drive Savings Throughout North America, Latin America and Europe

PHILADELPHIA - Monday, October 16, 2006 - ICG Commerce, a leading Procurement services provider, today announced a strategic engagement to provide Procurement services to leading global telecommunications solutions provider Global Crossing (Nasdaq: GLBC).

Global Crossing has continued to achieve key milestones in its business transformation through careful financial management, including a company-wide focus on achieving sustainable cost reductions and process improvements. The company recognized the opportunity to improve financial performance by expanding its Procurement efforts and capabilities. In support of this

Leading European consulting firm taps Ariba to manage indirect spend, drive savings and operational excellence

SUNNYVALE, Calif., September 18, 2006 - Ariba®, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced that it has been selected to provide Procurement outsourcing services for Altran Group, the European leader in high Technology and innovation consulting. Under the terms of a multi-year agreement, Ariba will set up a Technology and service infrastructure to manage non-strategic spend for Altran in an effort to help the company drive savings and operational excellence.

Creator and leader of spend management celebrates tenth anniversary and fundamental shift in way business is done globally with ringing of NASDAQ Opening Bell

SUNNYVALE, Calif., September 14, 2006 — Ariba,® Inc. (Nasdaq: ARBA), the creator and leader of spend management, today will mark its tenth anniversary and the fundamental changes it has driven in the way business is done globally with the ringing of the NASDAQ Stock Market Opening Bell. The company will be joined in celebrating its accomplishments by executives from leading companies who have embraced spend management to drive savings and competitive advantage, including: PPG Industries, Inc., Tyco International, Ltd., Diebold, Inc., JLG Industries, Inc. and Medbuy Corporation.

Highly Engineered Bearings and Alloys Manufacturer Extends Agreement for Five Years, Expands Initiative to Include Full Procurement BPO

PHILADELPHIA - Monday, July 10, 2006 - ICG Commerce, a leading Procurement services provider,
today announced a long-term extension of its strategic Procurement engagement with the Timken
Company (NYSE: TKR), a $5.2 billion industrial Technology company. The renewal extends
through April 2011 and includes a major expansion of the initiative in which ICG Commerce will
provide full business process outsourcing (BPO) services to help the company manage

Ariba to continue complete management of global indirect spend for leading provider of communications systems

LAS VEGAS, NV, May 9, 2006- Ariba®, Inc. (Nasdaq: ARBA), the leading spend management solutions provider, today announced that it has extended its outsourcing agreement with Lucent Technologies (NYSE: LU), a leading provider of communications systems, services and software. The news came during Ariba LIVE, the Premier spend management conference being held in Las Vegas this week. Under the terms of a multi-year, enterprise-wide renewal, Ariba will continue to provide complete management of Lucent’s indirect spend in North America and Europe. Ariba has been serving Lucent since 2004.

IBM to Manage $1.2 Billion per Year of Indirect Procurement Spend Across 17 Countries
NEW YORK, NY - 22 Mar 2006: IBM today announced that it has signed a long-term contract with Solectron Corporation (NYSE: SLR), a leading provider of electronics manufacturing and integrated Supply Chain services, for indirect Procurement services across 17 countries. Solectron is expected to realize significant savings throughout the life of the contract by leveraging IBM's global economies of scale and by optimizing core Procurement processes. The value of the contract is not being disclosed.

IBM will manage more than $1.2 billion per year of indirect spend in areas such as temporary contract services, office equipment, utilities, and telecommunications. Core to the project is the implementation of IBM's complete Procure-To-Pay Procurement solution that will be integrated with Solectron's internal systems and controls. IBM's solution will enable web-based requisitioning as well as efficient Procurement and supplier payment.

Clearly, despite a major commitment to a single outsourcing firm, Unilever sees value in working with a specialized solution provider in a specific category. This is good news for other targeted Spend Management BPO providers

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