UPDATE: BuyerQuest Names Ron Carcamo President

CLEVELAND, OH--(Marketwire - Apr 3, 2012) - BuyerQuest today announced the appointment of Ron Carcamo, industry veteran and longtime Chief Procurement Officer of Yahoo, as its new President.

"Ron is an extraordinary leader with extensive experience in procurement, finance, and M&A activities," said Jack Mulloy, BuyerQuest's CEO. "Ron has spent the last 10 years serving as CPO for major organizations including Yahoo and The Gap Ron understands, firsthand, how BuyerQuest drives measurable value for Procurement organizations."

"I'm thrilled to join the BuyerQuest leadership team," Ron said. "BuyerQuest is a company with a unique value proposition, a huge mission, and a boundless future. Simply put: BuyerQuest will change how global organizations drive eProcurement success."

Since enterprise eProcurement was born in the mid-1990s, usability & end user adoption have proven to be the major hurdles for most Fortune 500 companies and their eProcurement programs.BuyerQuest was founded on the belief that enterprise procurement can and should be just as easy as consumer buying is today.

Carcamo joins BuyerQuest at a time for tremendous growth and potential for the organization. Unlike any other eProcurement solution, BuyerQuest has brought the consumer (Amazon.com) buying experience to the corporate world.

Carcamo has been featured in several industry articles highlighting his unique approach to common procurement challenges that has resulted in significant benefits for Yahoo Inc and the Gap. During his time at Yahoo Inc, Carcamo transformed the procurement organization to move up the value chain to play a larger role in contributing to the bottom line as well as introduced technologies that significantly increased productivity for the organization. Ron was recognized by the website, CPO Rising as one of the top 10 procurement leaders to watch, calling him one of the leading examples of the "new breed of CPOs that will lead the procurement profession forward this decade."

"CPOs continue to rise into positions of greater responsibility and authority," said Andrew Bartolini, Chief Research Officer at Ardent Partners. "With his proven experience driving change and transforming large procurement organizations, Ron now has the opportunity to leverage his real world experience to make a significant impact at BuyerQuest and drive success across its customer base."

About BuyerQuest
BuyerQuest provides eProcurement customers with a highly flexible, Amazon-like shopping experience where all goods and services can be purchased within a single, consumer friendly user interface. BuyerQuest is complementary to SAP, Oracle, and PeopleSoft and enables companies to drive more value from their existing ERP investment. BuyerQuest customers enjoy increased eProcurement user adoption and more efficient supplier enablement. For more information on BuyerQuest's solutions or to schedule a product demonstration, please visit http://www.BuyerQuest.com or call (866) 937-0670.

BuyerQuest and all BuyerQuest logos are trademarks or registered trademarks of BuyerQuest in the United States.