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ICG COMMERCE SELECTS EMPTORIS ePASS TECHNOLOGY TO COMPLETE ITS REALSOURCE e-SOURCING SOLUTIONLeading Procurement Services Provider to Integrate Emptoris' ePASS into its Enabled Sourcing SolutionBURLINGTON, Mass., October 22, 2001 - Emptoris, Inc., a leading provider of collaborative strategic sourcing solutions, today announced that ICG Commerce, a leading procurement services provider, has selected Emptoris' ePASS, a Web-based collaborative strategic sourcing solution, as the technology platform for ICG Commerce's RealSourceSM e-sourcing tool. As an integral part of ICG Commerce Enabled Sourcing services, RealSource facilitates the sourcing of direct and strategic goods. By selecting ePASS, ICG Commerce will broaden its Enabled Sourcing solution to now offer customers either a superior do-it-yourself strategic sourcing capability or a full-service solution comprised of ePASS technology supported by ICG Commerce sourcing and category experts. ePASS enables ICG Commerce and its customers to perform strategic sourcing of both direct and indirect goods and services over the Internet, taking into consideration price and non-price factors. The combination of ICG Commerce's sourcing and category expertise, and ePASS' advanced technology provides enterprise customers with collaborative, end-to-end strategic sourcing capabilities, including needs assessment, spend analysis, supplier strategy, supply chain transaction management, sourcing event management, negotiation, supply base allocation and contract management. "ICG Commerce is always looking for ways to drive greater value to its customers," said Fred Festa, president and CEO for ICG Commerce. "Emptoris' ePASS is a powerful e-sourcing platform that supports all phases of the sourcing process. We believe ePASS, combined with our sourcing and category expertise, will provide our customers tremendous, measurable value in all of their strategic sourcing initiatives." Through ePASS' optimization-based decision support technology, buyers can quickly analyze multiple purchasing scenarios to come to the optimal supply base allocation. Using ePASS' collaborative sourcing capabilities, primary suppliers can interact with other suppliers to quickly respond to the buyers' overall demand. Combining advanced collaboration, sourcing event management and decision support capabilities, ePASS enables enterprises to streamline the strategic sourcing process, determine the optimal supply base allocation, and forge tighter buyer/supplier networks, allowing buyers to lower the total cost of ownership while enabling suppliers to differentiate themselves through product criteria, historical performance and flexible pricing structures. "With over 140 customers, ICG Commerce has demonstrated unmatched expertise in providing procurement services," said Avner Schneur, president and CEO of Emptoris. "By combining ePASS with its strategic sourcing services, ICG Commerce is offering a comprehensive Enabled Sourcing solution to its customers that will result in tremendous savings throughout the sourcing process. We look forward to working with ICG Commerce, both as a customer and as a partner." About
ICG Commerce About
Emptoris, Inc. ###
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