SOURCE: ICG Commerce

June 13, 2006 08:00 ET

ICG Commerce Launches Web Conference Series on Procurement Outsourcing

ICG Commerce Executives, Customers and Industry Experts Share Experiences and Insights on How to Increase Procurement Control and Results

PHILADELPHIA, PA -- (MARKET WIRE) -- June 13, 2006 -- ICG Commerce, a leading procurement services provider, announced today the launch of a new Web Conference series focused on procurement outsourcing. During this series, ICG Commerce and the company's customers will be joined by select industry experts to demonstrate how outsourcing enables procurement executives to achieve greater control and value from their spend.

"Procurement organizations are constantly evaluating how they can add more value to their companies," said Kristen Knouft, vice president of marketing and organizational development at ICG Commerce. "Procurement outsourcing is becoming recognized as a strategy that enables organizations to expand their resources and experience base in order to improve and accelerate performance against their objectives. Each key note speaker in the 2006 series will share insights and experiences with procurement outsourcing, as well as the different approaches companies have used to drive results."

In the recently published IDC Procurement BPO Forecast, Shruti Yadav, analyst for BPO Services at IDC, observes, "Procurement BPO is quickly coming into its own as one of the fastest-growing horizontal opportunities within the global BPO market, and has become accepted as a strategic business tool to help companies achieve competitive positioning and growth objectives." Ms. Yadav will present findings from this report during the first Web Conference, taking place on June 15, 2006.

The 2006 series features well-known industry experts and practitioners who will present the following topics:

How Procurement Outsourcing      Shruti Yadav,        June 15 at 1 pm ET
Can Help You to Increase         IDC
Control and Improve
Effectiveness


Strategies for Successful        Rick Saia,           July 26 at 1 pm ET
Procurement Outsourcing          Aberdeen Research


How Leading Companies Are        Customer Panel       December 7 at 1 pm ET
Effectively Leveraging
Procurement Outsourcing
Participants may register for these events at: http://www.icgcommerce.com/corporate/doc/html/resource/webinars_public.htm

Through this web conference series, ICG Commerce will address a number of challenges confronting procurement leaders today, including:

--  Optimizing the value of their spend
    
--  Gaining greater control of overall spend while maintaining focus on
    core, strategic categories
    
--  Rapidly and cost effectively meeting cost reduction mandates
    
--  Achieving high levels of compliance and end-user satisfaction
    
"As an increasing number of companies are actively evaluating procurement outsourcing, they are looking to understand and learn from market leaders and experts," said Ms. Knouft. "Our Web Conference series brings their experience and insights directly to other procurement organizations that are considering undertaking outsourcing initiatives."

About ICG Commerce, Inc.

ICG Commerce (www.icgcommerce.com) is a leading Procurement Services Provider exclusively focused on helping companies buy more effectively and efficiently in order to reduce costs significantly and continuously. The company offers an unmatched combination of process and category expertise, market insights and benchmarks, and a world-class operational Buying Center to deliver Sourcing and Procurement Outsourcing Services. ICG Commerce Inc., a privately held company founded in 1992, is a member of Internet Capital Group's (NASDAQ: ICGE) network of partner companies and has been honored as a Forbes Best of the Web: B2B, UPSIDE Magazine Hot 100 and iSource 100 company and has had its executives recognized among the Supply & Demand Chain Executive's "Pros to Know."