ICG Commerce Appoints Rick Bunker Chief Information Officer

Experienced IT Executive to Lead Company's Technology Development Initiatives

PHILADELPHIA - Monday, January 22, 2007 - ICG Commerce, a leading procurement 
servicesprovider, today announced that it has appointed Rick Bunker as Chief Information 
Officer. Bunker, 45, has served as interim head of Technology & Information Management 
since September 2006.  Based in the company’s Philadelphia area headquarters, he will 
continue to direct the company’s strategy to provide customers better access and 
utilization of the information in ICG Commerce’s proprietary sourcing, category management 
and buying center databases.

“Rick is truly an asset to our management team.  His tremendous experience will drive 
our information technology capabilities as a critical component to the company’s growth, 
global expansion and cost competitiveness in the market,” said Carl Guarino, 
Chief Executive Officer, ICG Commerce.  “His leadership will help us provide our 
customers with information and analytics that will allow them to better understand, 
control and optimize their spend.”

Prior to joining ICG Commerce, Bunker was CTO of GSI Commerce, where he led the 
infrastructure, operations and architecture teams. He previously served as a partner 
and management consultant at Nathanson and Company, where he managed the negotiation, 
development and execution of strategic outsourcing consulting engagements for providers 
and clients. Bunker has held several executive positions including Vice President of State 
Street Global Advisors, Managing Director and CTO of Internet Capital Group, 
CEO of Reality Online and CIO of SEI Investments.

“ICG Commerce is a dynamic company in a rapidly growing industry in which technology 
is a fundamental component,” said Rick Bunker. “We are in the unique position of 
outsourcing billions in spend across many industries and analyzing the vast amount 
of information available to help our customers increase their savings. This vantage 
point is key to our company’s strategy to create value for our customers by improving 
quality and responsiveness while reducing costs.”

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