Forbes Reaffirms ICG Commerce's Leadership in Procurement Business Process Outsourcing
Recognition Highlights Continued Strong Company and Market Growth, Market Share Leadership and Singular Focus on Procurement Industry Highlighted in Fourth Consecutive "Best of the Web" Recognition
PHILADELPHIA - Thursday, November 10, 2005 - ICG Commerce, a leading procurement
services provider, today announced that it has been recognized for the fourth consecutive year in
Forbes' "Best of the Web" ranking of business-to-business companies. ICG Commerce was
selected for two categories this year, as one of four leaders in the overall Procurement market and
one of 12 companies to be featured in the business process outsourcing (BPO) category. ICG
Commerce was the only procurement-focused provider to be chosen in the BPO category.
ICG Commerce's selection was based on a number of compelling factors, including its expanding
blue chip customer base. The company's latest publicly announced customer signings include
Rent-A-Center, Cooper Cameron, Greif and Universal Packaging Systems.
"For ICG Commerce, its expertise is in the BPO-procurement industry and according to a
research report from Nelson Hall, ICG Commerce is the market share leader in the area of
procurement-BPO services," noted Forbes.
Highlighting the company's vast potential, Forbes notes, "According to a report from IDC
Research, procurement is the fastest growing BPO field with an estimated compound annual
growth rate of 34.6 percent through 2008 and ICG Commerce is experiencing this growth first
hand."
Forbes' 2005 Best of the Web guide showcases 100 best-in-class B2B companies in 13 different
categories. Companies were judged on several criteria, including strategy, execution, innovation
and financial staying power.
"It's a privilege to again be recognized by Forbes as the leading procurement BPO provider,"
said Edward H. West, chairman and CEO of ICG Commerce. "By placing ICG Commerce
alongside more broadly-focused providers such as IBM Global Services and Accenture, Forbes
validates the demand for specialized providers. Our focus on procurement and history of
delivering procurement related performance improvements and results to our customers is what
drives our success in the market."
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About ICG Commerce, Inc.
ICG Commerce (www.icgcommerce.com) is a leading Procurement Services Provider
exclusively focused on helping companies buy more effectively and efficiently in order to reduce
costs significantly and continuously. The company offers an unmatched combination of process
and category expertise, market insights and benchmarks and a world-class operational Buying
Center to deliver Sourcing and Procurement Outsourcing Services. ICG Commerce Inc., a
privately held company founded in 1992, is a member of Internet Capital Group's (Nasdaq:
ICGE) network of partner companies. For four consecutive years, ICG Commerce has been as a
Forbes Best of the Web: B2B honoree, and the company also has had multiple executives
recognized in Supply & Demand Chain Executive magazine's annual "Pros to Know" listing.
Contacts:
Kristen Knouft
ICG Commerce
484-690-5000
kknouft@icgcommerce.com
Casy Jones
Ruder Finn
312-329-3976
jonesc@ruderfinn.com
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