Procuri Touts Q3 Successes

e-Sourcing solution provider added customers, re-branded offering, held inaugural user conference

e-Sourcing solution provider added customers, re-branded offering, held inaugural user conference

Atlanta — October 27, 2004 — e-Sourcing specialist Procuri this week touted its recent successes, pointing to record third quarter results and more than a dozen new long-term contracts for its Web-based strategic sourcing solutions.

Among the 16 customers that signed long-term contracts with Procuri during the last quarter, announced wins for the solution provider included American Water, Miller Brewing, National Semiconductor, The New York Times Company and Sonoco Products. With the new clients, Procuri's customer base topped 130 companies.

In addition, Procuri reported that the length of its contracts was up 60 percent and its average deal size was up 63 percent from the two previous quarters.

In a statement, Mark F. Morel, Sr., Procuri's president and CEO, said that the provider's performance demonstrates the company is delivering on both the short-term and long-term performance objectives that it established earlier this year. "Each quarter Procuri continues to meet or exceed our key objectives," Morel said.

Highlights for the company in the past quarter included Empower 2004, Procuri's two-day inaugural user conference, which drew nearly 200 participants in September. Also, Procuri announced a major new release and re-branding of its solutions with Procuri TotalSource, the company's strategic sourcing suite.

Elsewhere, Procuri announced its status as a Silver Alliance Partner with SAS Institute, the business intelligence software provider, and Procuri announced joint marketing agreements with Open Ratings, a provider of supply management solutions, and SupplyWorks, a specialist in direct materials supply management software for discrete manufacturers.

Finally, Procuri published a 96-page monograph entitled Driving Business Performance with Strategic Sourcing. The monograph contains real-world experiences developed by working with sourcing professionals from more than 125 organizations.

For more information on the current state of the sourcing market, see the article "The Analyst Corner: Sourcing" in the June/July 2004 issue of Supply & Demand Chain Executive.