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PRESTIGIOUS ACADEMY HONORS EMPTORIS’ INNOVATIVE TRANSFORMATION OF GLOBAL COMMUNICATION TECHNOLOGY PROVIDER RESULTING IN $600 MILLION SAVINGS

Selection Solidifies Emptoris as Premiere Vendor of Optimization for Procurement


Burlington MA (May 18, 2006) – Emptoris, Inc., a leading provider of enterprise supply and contract management software, today announced its induction in to the Franz Edelman Academy . This academy is a Who's Who of achievement in Operations Research. Emptoris was selected for its collaboration with Motorola to re-invent the supplier negotiation process, enabling Motorola to save $600 million. The only software vendor selected for applying optimization to the procurement process, Emptoris embeds optimization in a self-serve application for non-technical users. This empowers procurement professionals to solve business problems without technical assistance, leading to broader adoption and greater savings.

Established by the Institute for Operations Research and the Management Sciences (INFORMS(R)), the academy honors 35 years of Franz Edelman Award winners. Emptoris joins other winners, including GM, Motorola, IBM and Continental Airlines. The Franz Edelman competition recognizes outstanding examples of Operations Research (O.R.)-based projects that have transformed companies. O.R. uses advanced analytical methods to make better decisions and is a disciplined way to improve almost any business situation.

"We are honored as the only recipient for applying optimization in the supplier negotiation process. This acknowledges the significant positive business impact Emptoris delivers for its customers,” said Avner Schneur, president and CEO of Emptoris. “We remain committed to extending the power of optimization to deliver even greater business impact across the negotiation and contracts process.”

Emptoris collaborated with Motorola to win the award for its entry "Reinventing the Supplier Negotiation Process at Motorola.” Motorola's entry focused on the need to drastically reduce costs and increase productivity, with the priority to reduce the cost of direct and indirect materials. Working with Emptoris, and combining O.R. methods such as innovative bidding, online negotiations and scenario-based optimization bid analysis, Motorola launched a comprehensive system to support the company's sourcing process. As a result, Motorola's savings exceeded $600 million.

As an innovator in optimization-based bid analysis, Emptoris delivered the first commercial software application to meet the procurement organization's need for plug-and-play bid analysis across all commodities. By making optimization available to non-technical users, Emptoris empowers procurement professionals to solve business problems without technical assistance. This drives broader adoption which delivers greater savings impact. Despite many other competitors for the prestigious Edelman Award, Emptoris is the only software vendor to win it for the application of optimization to the supplier negotiation process. Emptoris today enables the widest and deepest enterprise software implementations globally. Emptoris has continued to work closely with its customers to deliver new innovations and extend the power of optimization for even larger impact.

Cited as the leading provider of e-sourcing and contract management software by independent analyst firm Forrester Research, Emptoris has doubled the number of customers over the past year. Over 150 companies have leveraged Emptoris technology to analyze $3 trillion in spend, source $110 billion, manage $65 billion in contracts and deliver $14 billion in savings.

The induction took place during a VIP reception at this year's Franz Edelman Award competition in Miami, Florida.

About Emptoris
Emptoris is the world leader in innovative supply and contract management software solutions that empower enterprises to realize best value and accelerate profitable growth. Emptoris solutions are used by successful Global 2000 companies in every industry. Customers include American Express, Bank of America, Boeing, Dow Corning, GlaxoSmithKline, Motorola, Owens Corning, Samsung America, and Toro.

About INFORMS
The Institute for Operations Research and the Management Sciences (INFORMS(R)) is an international scientific society with 10,000 members, including Nobel Prize laureates, dedicated to applying scientific methods to help improve decision-making, management, and operations. Members of INFORMS work in business, government, and academia. They are represented in fields as diverse as airlines, health care, law enforcement, the military, financial engineering, and telecommunications. The INFORMS website is www.informs.org. More information about operations research is at www.scienceofbetter.org.

 

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