ICG Commerce Named To iSource Business Magazine’s 2003 iSource 100
Honor Recognizes ICG Commerce’s Market-Leading Enterprise-wide Solutions and Services to Help Companies Identify, Realize and Continuously Improve Savings in Procurement
PHILADELPHIA - Wednesday, July 02, 2003 - ICG Commerce, a leading procurement services provider, today
announced that it has been selected as one of iSource Business magazine's "iSource 100" in its annual listing of leading
supply and demand chain enabling organizations.
The iSource 100 serves as an indicator for evaluating enabling organizations and consulting firms with the most viable
end-to-end supply and demand chain solutions and services from among the many hundreds of providers in the market
today. The list was developed by iSource Business magazine's editorial staff and advisory board after conducting
interviews with customer references based on a performance-focused questionnaire. Companies were technically
evaluated in several areas, including product development, adaptability, supply and demand chain efficiencies,
customer service responsiveness, return-on-investment, and financial stability. Through their commitment to continued
improvement in the development of their innovative enterprise-wide solutions and services, the iSource 100 are leading
the way in helping traditional companies make their supply and demand chains more effective and efficient.
With the continued top-down emphasis on cost reduction in today's challenging business environment, more and more
companies are turning to procurement. In fact, "Seventeen percent of the companies that don't have sourcing and
procurement applications today plan to implement them within the next 12 months --- the highest percentage of any
major application category," according to AMR Research's "Enterprise Application Outlook for 2003: The
Performance-Driven Enterprise" report. However, as the fragmented market continues to consolidate, only the enablers
with the most viable end-to-end enterprise software applications and expert support services will prevail. ICG
Commerce has proved itself to be one of these elite companies through its recognition in this year's iSource 100 and
through the continued results it is delivering on behalf of its customers.
As a leading procurement service provider, ICG Commerce is helping drive significant savings on purchased goods and
services for some of the world's largest companies, including Delta Air Lines, Nordstrom, Crown Cork & Seal, Timken
and Kellogg Company. By combining its expertise and technology across the entire procurement process, ICG
Commerce helps companies identify savings through sourcing solutions, realize savings through implementation and
transaction management solutions and drive continuous improvement through category management.
"We are pleased to be included among this year's iSource 100 and to be recognized for our market-leading
procurement solutions and services which are revolutionizing the way practitioners view their supply chains," said
Edward H. West, CEO of ICG Commerce. "Like iSource Business, we are committed to keeping our customers on the
leading edge by continually enhancing our comprehensive offering and building upon our extensive purchase-to-pay
transaction management and procurement outsourcing capabilities."
For the complete listing of the iSource 100 and accompanying editorial, please see the June/July 2003 issue of the print
publication or the magazine's Web site at www.isourceonline.com.
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About ICG Commerce, Inc.
ICG Commerce (www.icgcommerce.com) is the leading Procurement Services Provider delivering total procurement
cost savings through an unmatched combination of deep expertise and hosted technology. ICG Commerce provides a
comprehensive range of solutions to help companies identify savings through sourcing, realize savings through
implementation and transaction management and drive continuous improvements through category management. ICG
Commerce Inc., a privately held company founded in 1992, is a member of Internet Capital Group's (Nasdaq: ICGE)
network of partner companies and has been honored as a Forbes' Best of the Web: B2B and UPSIDE Magazine Hot
100 company as well as had its executives recognized among iSource Business "Pros to Know".
Contacts:
Genevieve Brill
ICG Commerce
215-649-1494
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