SOURCE: diCarta

May 25, 2005 09:53 ET

Wolters Kluwer Selects diCarta Contracts to Manage Intellectual Property Agreements

SAN CARLOS, CA -- (MARKET WIRE) -- May 25, 2005 -- diCarta, Inc., a leading provider of enterprise contract management solutions, today announced that Wolters Kluwer has selected diCarta Contracts to manage its content and procurement agreements in its North American operations.

Headquartered in Amsterdam, the Netherlands, with annual revenue of EUR 3.3 billion, Wolters Kluwer is a leading multinational publisher and information services provider to professionals in the health, corporate services, finance, tax, accounting, law, regulation, and education sectors. The company employs 18,400 people across operations in Europe, North America, and Asia Pacific.

"We conducted an extensive evaluation of contract management software solutions," said Steve Nied, Vice President, Strategic Sourcing & Operational Excellence, Wolters Kluwer North America Shared Services, "and diCarta Contracts was best in every major criteria we evaluated. Their impressive roster of customer successes further validated that evaluation."

Initially, Wolters Kluwer will use the diCarta Contracts solution in procurement activities, including content licensing contracts in North America. In later phases, the company plans to use diCarta Contracts' self-service contract creation capabilities for its editorial and business development professionals, and it also plans to integrate diCarta Contracts with its financial systems at a later date.

"We selected diCarta because it provides the wide-ranging solution that we sought. The automated alerts, the ease of use, and the contract controls will be of benefit to all of those who use the system. We were also impressed with the look of the desktop, a feature that I do not believe can be underestimated," said Al Feder, General Counsel of the Tax, Accounting & Legal, and Corporate & Financial Services Divisions of Wolters Kluwer North America.

With diCarta Contracts, companies can gain control over contracts and contract management processes, increase visibility into contractual obligations, and more effectively manage the terms of their agreements. The results include increased profitability, reduced legal and financial risk, and lower costs. diCarta Contracts spans every stage of the contract life cycle, from contract creation and negotiation, to obligations management and compliance enforcement, through ongoing analysis and improvement.

About diCarta

diCarta, Inc. provides contract management software that delivers better contracts and more effective contracting processes for the world's largest, most contract-intensive enterprises. With diCarta solutions, organizations are able to reduce procurement spending, improve sales effectiveness, and increase supplier compliance by allowing actual contracts to drive day-to-day operations. Fortune 1000 companies such as Kohler, Kraft, and NBC depend on diCarta.

For more information about diCarta solutions, visit www.dicarta.com or call 1-888-496-2600.

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