ICG Commerce Continues to Expand Relationship with Cameron to Support Indirect Procurement Needs in Europe
Procurement outsourcing specialist plans to extend North American program success to support oil and gas leader’s global operations
PHILADELPHIA - Monday, February 02, 2009 - ICG Commerce has again expanded its multi-million-dollar
procurement outsourcing contract with Cameron (NYSE: CAM) to include services that will help the
company drive greater savings and control over its European expenditures. The new contract engages ICG
Commerce to provide sourcing and category management across a wide range of indirect, logistics and
utilities expenditures and expands upon the success of the current procurement outsourcing program in
North America. ICG Commerce will be supporting Cameron’s European operations through its established
Center of Excellence in London.
Over the past three years, ICG Commerce has assisted Cameron in its indirect procurement, enabling the
company to improve its cost structure while maintaining its focus on its core business. Just one year
ago, Cameron expanded its relationship with ICG Commerce by placing all of its North American indirect
and logistics spend under ICG Commerce’s management. This current expansion to Europe is testament to the
hard dollar savings ICG Commerce has helped Cameron realize, by driving synergies from acquired operations,
leveraging spend and applying procurement standards throughout the company.
"We are proud to provide the support that enables Cameron to drive greater control over their global
indirect expenditures," said Carl Guarino, Chief Executive Officer, ICG Commerce. "We look forward to
continuing to leverage our global structure to meet the changing needs and demands of our customers."
About Cameron
Cameron (NYSE: CAM) is a leading provider of flow equipment products, systems and services to worldwide
oil, gas and process industries.
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
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