PHILADELPHIA, July 27, 2011 (GLOBE NEWSWIRE) -- ICG Commerce, a leading provider of comprehensive procurement solutions, has been recognized by several prominent organizations for its dedication to developing innovative solutions that help leading companies transform indirect procurement into a strategic value driver. ICG Commerce brings an approach to procurement that is unlike traditional outsourcing solutions. The approach provides clients a specialized procurement infrastructure that integrates deep expertise, supply-market intelligence and technology to help them more effectively manage their indirect spending and creates funds for innovation and growth.
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The Greater Philadelphia Alliance for Capital and Technologies Awards named ICG Commerce the Technology Company of the Year for its proven industry leadership and innovation, as well as for significant financial accomplishments and community involvement.
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The Everest Research Institute named ICG Commerce a 2010 Procurement Outsourcing (PO) Market Star Performer in its PO Annual Report. "Everest is pleased to honor ICG Commerce for its strong global growth and top quartile performance," said Saurabh Gupta, Vice President of the Everest Research Institute. "In 2010, ICG Commerce's leadership in the procurement sector was demonstrated by its ability to help companies increase the value and bottom-line impact of procurement to improve financial performance and fund innovation and growth."
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The International Association of Outsourcing Professionals recognized ICG Commerce as a Leader in the Global Outsourcing 100. The company was honored for its portfolio of strong customer references and unmatched contract renewal rate, as well as competencies in the procurement field, outstanding management capabilities and growth in the past year.
- ICG Commerce was ranked #1 procurement provider by The Black Book of Outsourcing in the area of supply chain, logistics and procurement. Based on customer satisfaction ratings from executives and end-users, the ranking recognizes the company's commitment to delivering measurable value to its customer's bottom-lines while enabling sustainability, agility and growth.
"It is an honor to be recognized as a procurement industry leader by several highly respected organizations," said Carl Guarino, CEO of ICG Commerce. "These awards acknowledge the significant business impact companies can make by applying a fundamentally different approach to indirect spend. More importantly they reflect our commitment to delivering results and continuing to develop innovative solutions that increase and accelerate the impact that procurement can have within an organization."
About ICG Commerce, Inc.
ICG Commerce, the leading procurement solution provider, is driving a fundamental change in the way today's businesses achieve financial agility and fund growth. ICG Commerce is the only procurement solution provider that has built a specialized infrastructure dedicated to helping companies optimize indirect and other under-resourced areas of spend and drive bottom line savings that strengthen their businesses. ICG Commerce is a privately held company and member of ICG's (Nasdaq:ICGE) network of partner companies.
The ICG Commerce, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6920