SOURCE: IQNavigator

September 30, 2008 10:00 ET

Independent Research Firm Recognizes IQNavigator as the Largest Services Procurement Software Vendor

Report Also Recognizes IQNavigator as Fastest-Growing ePurchasing Vendor Reviewed

DENVER, CO--(Marketwire - September 30, 2008) - IQNavigator, the leading provider of services procurement software and managed service programs, today announced that it was recognized as the fastest-growing ePurchasing vendor reviewed in the report and the largest services procurement software vendor by Forrester Research in its report "Holistic View: The ePurchasing Software Market," September 9, 2008.

The report examines the various ePurchasing segments including eSourcing, eProcurement, spend analysis and services procurement, and evaluates the market growth in each segment. According to the report, IQNavigator is the fastest-growing of the 25 ePurchasing vendors that are examined, with 61% expected growth from 2007 to 2008. IQNavigator is also listed as the largest services procurement vendor based on revenues and clients. In addition, in the "Forrester Wave™: eProcurement Solutions, Q2 2007," IQNavigator received the highest score of current product offerings for services purchases.

IQNavigator's solution combines world-class SaaS software, global managed service programs and industry best practices to help enterprises control costs, increase visibility and improve business results from their outside services spending, worldwide. Clients achieve fast cost savings and greater compliance and control in services spending categories such as consulting, contingent workforce, offshoring, outsourcing, legal and marketing services. The report states that, among other vendors, "IQNavigator in services procurement [is] secure with a strong product offering, good momentum, and limited competition so far from the ERP Vendors."

"To be named the largest services procurement software vendor and the fastest-growing ePurchasing vendor in Forrester's research report is a significant accomplishment and reflects both our leadership position in the industry and the ever-increasing value that we deliver to clients," said John P. Raeder, Jr., President and CEO of IQNavigator.

About IQNavigator

IQNavigator is a leading provider of on-demand services procurement software and managed service programs. The company's award-winning suite of integrated applications enable Global 2000 companies such as Charles Schwab, Entergy, Northrop Grumman, Schlumberger, Shell and Sony Electronics to gain control and visibility into their large and growing services procurement spending. With proven domain expertise and innovative technology solutions, IQNavigator can help customers quickly and easily turn complex services spend into a new source of value, competitive advantage, and continuous bottom-line improvement. For more information please visit

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