Provade and Allegis Group Partner to Deploy VMS for Leading Financial Services Firm

Will integrate vendor management system with client's existing Oracle purchasing, human resources and financial software

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San Mateo, CA — November 23, 2010 — Silicon Valley-based Provade Inc., a provider of vendor management system (VMS) technology for sourcing and tracking workforce spend, has inked a strategic partnership with Allegis Group Services (AGS), a global provider of workforce management solutions.

This announcement highlights the latest contract award for this joint partnership in support of an East Coast financial services company. This new client will leverage its managed service program (MSP) relationship with Allegis Group Services and use Provade's software to manage its contingent labor and statement of work (SOW) spend in North America.

The client will integrate Provade's VMS with its existing Oracle purchasing, human resources and financial software. "We believe Provade's solution will be a valuable addition to our client," said Chad Lane, president of Allegis Group Services. "Their software is based on an Oracle platform, which allows their VMS to seamlessly integrate with our client's internal systems. When you combine this with the ability to manage contingent labor and project-based services, it makes for a very compelling solution."

"Having visibility and control over multiple aspects of one's operations is a real differentiator for today's executives and managers," said Bob Lucas, chief operating officer of Provade. "Provade's solution allows for the complete integration and increased efficiency that many of our clients are seeking."

Provade and Allegis Group Services plan to complete the program implementation for this client later this year, becoming Provade's 11th new deployment this year.

"Allegis Group Services is a highly regarded provider of managed services within the industry, and we view this relationship as an important element of our continued growth," said Edward Jackson, CEO of Provade. "Their strong understanding of companies' needs and our unique enterprise solution makes for a powerful combination that will serve our customers well."

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