A Busy Year for Noosh

Customer transaction volume increases 18 percent, adds federal agencies to customer list

Santa Clara, CA  August 2, 2002  Noosh Inc., a provider of collaborative e-business software, announced that customer procurement transaction volume for the first half of 2002 grew to $45.3 million, an increase of 18 percent compared to the same period in 2001.

Mike Gardner, Noosh's president and CEO, said that although other hosted e-procurement solutions have reported lower transaction volume compared to last year, Noosh customers continue to drive business using the company's solution.

Additionally, since the start of the year, Noosh has made inroads into the federal government market and added 11 new buyer accounts.

According to the company, they have conducted engagements with federal agencies to help them automate manual procedures for creating specifications, share order information with the Government Printing Office (GPO) and archive job orders. Agencies that Noosh has been working with include the Department of Justice, the Department of Labor, the U.S. Census Bureau, the U.S. Department of the Interior, the U.S. Marshals Service, the National Institute of Health and the Bureau of Labor Statistics.

Noosh added several private-sector accounts in the first half of 2002 including the Star Tribune Co. and the Honeywell Consumer Products Group. The Star Tribune Co. chose Noosh to manage its interactive media, direct mail and marketing materials. Honeywell chose the Noosh solution to help manage and procure sell sheets, catalogs, labels and point-of-purchase materials for its leading brands.