ICG Commerce Announces Contract Renewals With Greif and Global Technology Giant

Renewals Confirm Procurement Outsourcing as a Source of Significant Value and Exemplify ICG Commerce’s Commitment to Helping Companies Deliver Results

PHILADELPHIA - Monday, September 10, 2007 - Leading procurement outsourcing specialist ICG Commerce
today announced that it has renewed contracts with Greif (NYSE: GEF, GEF.B), a world leader in 
industrial packaging products and services.  Additionally, the company also announced it had renewed its 
contract with one of the world’s largest global software companies.  These renewals confirm the 
continuing growth of the procurement outsourcing industry, its growing acceptance by leading companies 
as a proven strategy for achieving business results, and reflects ICG Commerce’s track record for 
delivering value.  

Greif’s new contract extends and expands the scope of ICG Commerce’s current program, which began 
in 2004. Under the new multi-year contract, ICG Commerce’s expanded scope of work provides sourcing 
and category management for all of Greif’s major areas of indirect spend across North America including 
capital expenditures.  
   
“ICG Commerce has worked hand-in-hand with the Greif team to deliver unquestionable results,” said 
Ron Brown, Greif’s Senior VP Global Sourcing and Supply Chain.  “They have brought powerful spend 
and savings benchmark data, accumulated through their work with numerous companies in our industry, 
to help us identify additional savings opportunities and take our program and performance to the next 
level.  We look forward to continuing our successful partnership as our program expands.”    

Similarly, ICG Commerce’s contract renewal with the global technology company is a result of the 
success the company has achieved through their partnership established in 2004. Under the multi-million 
dollar contract, ICG Commerce will continue to provide support for select indirect purchases for the 
company’s locations in North America and India.  In addition, the company engaged ICG Commerce to 
provide strategic sourcing for three additional business units. 
 
“The contract renewals are significant achievements for ICG Commerce,” said Carl Guarino, CEO of ICG 
Commerce.  “They provide concrete evidence that leading companies are driving results and increased 
value through procurement outsourcing.  In addition, the renewals also confirm our commitment to deliver 
on our customers’ objectives and exceed their expectations.” 

About Greif

Greif is a world leader in industrial packaging products and services. The Company produces steel, 
plastic, fibre, corrugated and multiwall containers, protective packaging and containerboard, and provides 
blending and packaging services for a wide range of industries. Greif also manages timber properties in 
North America. The Company is strategically positioned in 45 countries to serve global as well as regional 
customers. Additional information is on the Company's website at www.greif.com.

About ICG Commerce, Inc. 

ICG Commerce (www.icgcommerce.com) is the leading procurement outsourcing specialist delivering 
comprehensive source-to-pay as well as strategic sourcing 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.