SOURCE: ICG Commerce

March 26, 2008 10:00 ET

ICG Commerce Recognized as Top Global Outsourcing Provider by International Association of Outsourcing Professionals

Honor Reaffirms Strength of Procurement Outsourcing's Value Proposition and Service Provider's Ability to Deliver Strong Results for Leading Companies

PHILADELPHIA, PA--(Marketwire - March 26, 2008) - Procurement outsourcing specialist ICG Commerce today announced that it has been recognized by The International Association of Outsourcing Professionals (IAOP) as one of the world's top outsourcing service providers for 2008. ICG Commerce was the only procurement outsourcing specialist to be recognized among the IAOP Global Outsourcing 100, a testament to its best-in-class procurement outsourcing capabilities and commitment to helping companies deliver significant cost reductions and improve control over their non-core expenditures. ICG Commerce customers include Fortune 1000 companies such as Kimberly-Clark, Goodyear, Cameron, Greif, and many others.

Procurement outsourcing is a growing trend among leading companies that are looking to drive meaningful bottom line cost improvements based on the strength of the value proposition. According to a recent report by Everest Research Group, the savings potential from procurement outsourcing is five times greater than other outsourcing programs such as HR and Finance & Accounting. ICG Commerce's recognition among the IAOP Global Outsourcing 100 is driven by the company's reputation for service excellence and proven ability to deliver against the procurement outsourcing value proposition and is evidenced by the company's portfolio of strong customer references and unmatched contract renewal rate.

"Getting selected to the Global Outsourcing 100 shows these companies came out on top following a rigorous application process and unbiased competition judged by an independent panel of recognized industry leaders in outsourcing," says Jagdish Dalal, Managing Director, Thought Leadership, IAOP and chairman of the judges' panel. "The Global Outsourcing 100 list has become the definitive go-to resource that companies use to make better informed outsourcing decisions and comparisons of providers," says Michael F. Corbett, Chairman, IAOP.

"It's an honor to be recognized by the International Association of Outsourcing Professionals among the top outsourcing providers in the world," said Carl Guarino, CEO of ICG Commerce. "The award acknowledges the increasingly important contribution procurement outsourcing is making to companies' financial performance while reflecting our track record of delivering measurable results."

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 industry analysts for its leadership in procurement outsourcing.

About IAOP

The International Association of Outsourcing Professionals (IAOP), with 40,000 corporate, professional, and associate members worldwide, is leading the effort to transform the world of business through outsourcing. Its clientside members are, on average, responsible for $60 million per year of outsourcing spending with some overseeing outsourcing programs in the billions of dollars. Through professional and ethical standards, the Certified Outsourcing Professional (COP) Program, educational programs including The Outsourcing World Summit®, and recognitions such as The Outsourcing Hall of Fame and The Global Outsourcing 100, IAOP is advancing one of the 21st century's most important new management fields -- outsourcing. To learn more, visit www.outsourcingprofessional.org.

About The Global Outsourcing 100

The Global Outsourcing 100, produced annually by the International Association of Outsourcing Professionals (IAOP), is devoted to featuring the best of today's leading outsourcing service providers and tomorrow's rising stars. Along with its publication by IAOP, the list appears each year in FORTUNE® magazine in the special advertising section produced by IAOP. Companies must demonstrate excellence in categories such as size and growth, customer experience, depth and breadth of competencies, and management capabilities. Because of the rigorous application and judging process employed, The Global Outsourcing 100 defines the standard for excellence in outsourcing service delivery.

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