ICG Commerce Recognized by Forbes As Procurement Outsourcing Leader

Market Share Leadership in Procurement Outsourcing, Growth and New Business Pipeline Cited as Key Factors in Selection

PHILADELPHIA - Monday, November 01, 2004 - ICG Commerce, a leading procurement services provider, today 
announced that it has been recognized for the third consecutive year in Forbes' "Best of the Web" ranking of 
business-to-business (B2B) companies. ICG Commerce was selected as one of only six companies, and the only pure play 
procurement organization, to be featured as a Forbes Best of the Web "pick" in the business process outsourcing (BPO) 
category.

ICG Commerce's selection is based on the company's market share leadership in procurement outsourcing and its 
expanding blue chip customer base.

According to NelsonHall, the procurement outsourcing market is expected to grow 26 percent annually through 2008, 
making it the fastest-growing segment within back-office BPO. "With 45 new contracts in the past year, and total 
bookings poised to grow by 150 percent," as noted by Forbes, ICG Commerce is well positioned to continue leadership 
of the market. The company offers a comprehensive and integrated indirect procurement infrastructure consisting of 
deep category sourcing experts; a best-practice-based Buying Center; and RealExchange, a comprehensive technology 
platform for the purchasing of both goods and services. 

Forbes' 2004 Best of the Web guide showcases 137 best-of-breed B2B companies in 17 different categories. 
Companies were judged on several criteria, including strategy, execution, innovation and financial staying power.

"It's an honor to be recognized by Forbes as a leading BPO provider," said Edward H. West, chairman and CEO of 
ICG Commerce. "Our selection as the only pure play procurement outsourcing company reiterates the focus we place 
on delivering operationally excellent procurement services and measurable results to companies looking to realize 
additional procurement benefits." 

About ICG Commerce, Inc.
 
ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay 
services. Results-driven leaders access ICG Commerce’s experienced resources and market intelligence to 
better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control. 

ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's 
(Nasdaq: ICGE) network of partner companies.  The company has earned recognition from Forbes, Fortune, 
The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its 
leadership in procurement outsourcing. For more information: www.icgcommerce.com