Sourcing is the Strategy

ICG Commerce extends move into strategic sourcing field with Emptoris partnership

Burlington, MA  October 24, 2001  The increasing popularity of strategic sourcing solutions over procurement services lately is causing many procurement services providers to branch out into the strategic sourcing field. According to a recent news release, it appears that ICG Commerce is attempting to do just that by partnering with Emptoris.

Emptoris, Inc., a provider of collaborative strategic sourcing solutions, today announced that ICG Commerce, a 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 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.

"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."

"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."