Procuri Recognized as a Top Technology Innovator

Technology Association of Georgia highlights enabler during Georgia Technology Summit

Technology Association of Georgia highlights enabler during Georgia Technology Summit

Atlanta — January 20, 2005 — The Technology Association of Georgia (TAG) recognized Atlanta-based e-sourcing solution provider Procuri as a Top Technology Innovator at this week's Georgia Technology Summit.

The Top Innovators were chosen based on four key criteria including the degree of innovation, likelihood of success, potential impact on Georgia's economy and promotion of Georgia's image of innovation nationally and internationally.

Procuri said it was chosen by a committee of leaders who have played an integral role in the emergence of Georgia as a Southeast technology hub. The announcement was made at the summit.

The award capped a good year for Procuri, with the solution provider seeing 131 percent increase in the total value of all contracts signed over the previous 12-month period, 78 percent increase in contract size, 62 percent revenue growth and 46 new customers, according to the provider of Web-based strategic sourcing solutions.

"We are committed to Georgia's economic growth and development and are pleased to be recognized as a leader in the Southeast's technology hub," said Mark F. Morel, Sr., Procuri's president and CEO. "We thank the community leaders and TAG for highlighting Procuri's success both regionally and internationally."

Procuri also announced that it would host its second user conference, Empower 2005, on September 12-14 in Atlanta.

"Empower 2005 will give attendees an understanding behind the power of strategic sourcing solutions along with practical methods to quickly enhance their sourcing processes and improve their operational performance," said Morel.

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.