ICG Commerce Recognized for Excellence in Procurement Outsourcing
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.
Procurement outsourcing, rapidly gaining recognition as one of the best options for companies to
cut costs to directly impact their bottom line, offers five timesthe financial impact of F&A outsourcing,
according to Everest Research Institute. This strong value proposition is driving more companies
to evaluate procurement outsourcing as a strategy to maximize the value and impact of their
procurement efforts and has subsequently fueled double-digit gains in the indirect procurement
outsourcing market.
ICG Commerce has 14 comprehensive outsourcing relationships with global companies including
Goodyear, Nordstrom, Avaya and Timken. These relationships, spanning an average of 3+ years,
attest to ICG Commerce's dedication to assisting customers to increase control and maximize the
value of the spend they manage on a global basis. ICG Commerce's services, supported by
experienced and dedicated category and process specialists, provide unmatched market insight,
tools and information and the highest standards of process and operational excellence to deliver
meaningful and measurable results.
"We're excited to see greater awareness of procurement outsourcing's value and the impact it
has on the bottom line, and we're honored to be recognized as one of the top providers in the
procurement outsourcing space," said Carl Guarino, CEO of ICG Commerce. "An important step
in growing this market is expanding knowledge of our company's and industry's proven track
record in helping companies achieve greater control and improved savings."
ICG Commerce offers an array of procurement services such as strategic sourcing, including
supplier and contract implementation, operations management delivered through a customer-
dedicated "buying center," category management focusing on delivering continuous cost
reductions through supplier management and process improvement, and information
management and reporting delivered through advanced automation and dedicated personnel that
help derive insight and information from spend.
About ICG Commerce
ICG Commerce (www.icgcommerce.com) is a leading Procurement Services Provider exclusively
focused on helping companies achieve greater control over external expenditures. The company
offers procurement outsourcing solutions to support sourcing and, transactional buying,
category management and information management in order to enable customers to expand the
breadth of spend they manage, enhance sourcing effectiveness, improve compliance levels and
drive continual improvements. By working with dozens of leading procurement organizations, ICG
Commerce brings execution-based and continuously growing compound experience to every
customer. ICG Commerce Inc., a privately held company founded in 1992, is a member of
Internet Capital Group's (Nasdaq: ICGE) network of partner companies. The company has been
recognized with numerous industry awards including IAOP and Fortune Magazine’s Global
Outsourcing 100, Forbes “Best of” (for Outsourcing and Procurement) and has had multiple
executives recognized in Supply & Demand Chain Executive magazine's annual "Pros to Know"
listing.
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