Hertz Selects ICG Commerce to Provide Procurement Outsourcing Services

Key Element of Strategic Initiative to Change Business Model

PHILADELPHIA - Monday, April 21, 2008 - The Hertz Corporation (NYSE: HTZ) has signed a 
five-year contract with ICG Commerce, a leading procurement services provider, for procurement 
outsourcing services to support Hertz’s broader efficiency improvement and reengineering efforts. 

“Our objective is to be the lowest cost, highest quality and most customer-focused company in the rental 
markets we serve.  We are selecting service providers who will help us drive efficiency, quality and 
service improvements worldwide,” said Mark P. Frissora, Hertz’s Chairman and Chief Executive Officer.  

John Thomas, Executive Vice President, Global Supply Chain at Hertz added, “Partnering with ICG 
Commerce enables us to drive material savings across our indirect spend over the next five years while 
increasing our focus on our direct expenses and other key supply chain opportunities.” 

Under the contract, ICG Commerce will provide comprehensive procurement outsourcing services for 
Hertz’s North American and European operations.  These services will help Hertz drive greater control 
over expenditures in buying categories including professional services, equipment and automotive, 
facilities, transportation, IT, benefits and marketing.  

“We chose the procurement specialist based on ICG Commerce’s deep procurement expertise, strong 
track record of helping companies achieve aggressive bottom-line cost reductions and their 
understanding of our needs and goals,” said John Thomas. “Working collaboratively with ICG Commerce 
allows us to more effectively deliver global, best-in-class procurement to support and grow our 
business.”

In order to help Hertz achieve its procurement goals, ICG Commerce will provide access to a 
comprehensive infrastructure that supports sourcing, transaction management and category management 
across North America and Europe.  ICG Commerce will leverage its partnership with Genpact (NYSE: G), 
drawing on the company’s deep six-sigma experience and strong operational capabilities, to support 
procurement processing in Europe. 

“We are proud to play a high-impact role in one of Hertz’s key strategic initiatives,” said Carl Guarino, 
chief executive officer, ICG Commerce. “We look forward to working alongside Hertz to achieve their 
objectives and to demonstrate the significant value procurement outsourcing can bring to a company.” 

About Hertz
 
The Hertz Corporation, the world's largest general use car rental brand, operates from approximately 
8000 locations in 145 countries worldwide.  Hertz is the number one car rental brand in the United States 
and at 69 major airports in Europe, as well as the only car rental company with corporate and licensee 
locations in Africa, Asia, Australia, Europe, Latin America, the Middle East and North America. Product 
and service initiatives such as Hertz #1 Club Gold, Neverlost customized onboard navigation systems, 
SIRIUS Satellite Radio, and unique cars and SUVs offered through Hertz's Prestige, Fun and Green 
collections, set Hertz apart from the competition.  Hertz also operates one of the largest equipment rental 
companies in the United States and Canada combined, with corporate locations in France and Spain.

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.

About Genpact
 
Genpact (NYSE: G) manages business processes for companies around the world.  The company 
combines process expertise, information technology and analytical capabilities with operational insight 
and experience in diverse industries to provide a wide range of services using its global delivery 
platform. Genpact helps companies improve the ways in which they do business by applying Six Sigma 
and Lean principles plus technology to continuously improve their business processes.  Genpact 
operates service delivery centers in India, China, Hungary, Mexico, the Philippines, the Netherlands, 
Romania, Spain and the United States.  For more info: www.genpact.com.