International Association of Outsourcing Professionals Highlights ICG Commerce Among Overall Outsourcing Leaders
Recognition Reaffirms Service Provider's Stronghold on the
Procurement Outsourcing Market
PHILADELPHIA - Wednesday, May 03, 2006 - ICG Commerce, a leading procurement services
provider, today announced that it has been recognized by The International Association of Outsourcing
Professionals (IAOP) as one of the world's top outsourcing service providers for 2006. ICG Commerce
was recognized in the "Leaders" category and appeared along with other honorees in the April 3rd
issue of Fortune Magazine.
"Selection to The Global Outsourcing 100 was based on a rigorous application process focused
on the critical factors for long-term outsourcing success. As the global standard-setting
organization and advocate for the outsourcing profession, IAOP is pleased to be able to recognize
the industry's leading providers with this prestigious award," said Michael F. Corbett, Executive
Director, IAOP.
ICG Commerce stands apart as the only procurement-specific vendor recognized among the
IAOP Global Outsourcing 100, a distinction driven by the company's reputation for service
excellence and continued market share leadership in the rapidly growing procurement
outsourcing arena. According to a recent report from IDC research, "Procurement is the fastest
growing BPO field with an estimated compound annual growth rate of 34.6 percent through 2008,
and ICG Commerce is experiencing this growth first hand."
The IAOP has found that growth in procurement outsourcing and other BPO categories is
occurring while at the same time the overall employment rate for companies grew by 15% from
2004 to 2005 -- a statistic that dispels the notion that outsourcing strategies must be pursued at the
expense of existing jobs. ICG Commerce is, in fact, enabling many of its customers to redeploy
internal resources to focus on other strategic procurement activities while the service provider's
team of experts focuses on managing key areas of indirect spend where significant bottom-line
improvements can be made.
"It's a honor to be recognized by the International Association of Outsourcing Professionals
among the leading outsourcing providers in the world," said Edward H. West, chairman and CEO
of ICG Commerce. "The recognition is indicative of the increasingly important role procurement
outsourcing is playing within the overall business landscape as companies look to find new
avenues for driving efficiencies and reducing costs."
The Global Outsourcing 100 recognizes the world's top outsourcing service providers and is
based on applications received and evaluated by a premier panel of independent judges. Judges
for 2006 were:
- David Barrett, a leading advisor on outsourcing and a partner at the U.K.-based law firm
Simmons & Simmons
- Michael F. Corbett, Executive Director, IAOP
- Jag Dalal, a senior executive who has worked extensively in the field of outsourcing at major
U.S. corporations including Carrier, Data General, Unisys, and Xerox and is today principal of
Jdalal Associates
- Dr. Tina Dacin, Queen's School of Business (Canada) E. Marie Shantz Professor of Strategy &
Organizational Behavior, and specialist in the areas of strategic alliances and business networks
- DJ Dalal, country manager (India) for engineering and technology sourcing for United
Technology Corporation's Hamilton Sundstrand
- Chris Disher, Vice President and head of outsourcing advisory services for Booz Allen
Hamilton
- Deborah Kops, Managing Director in charge of Global Sourcing Transformation, Deutsche
Bank AG, London, and former partner, PricewaterhouseCoopers BPO
- Lisa Ross, CEO and Founder of FAO Research, Inc., a specialist in finance and accounting
outsourcing who has provided market research and strategic consulting services worldwide
About ICG Commerce, Inc.
ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay
services. Results-driven leaders access ICG Commerce’s experienced resources and market intelligence to
better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control.
ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's
(Nasdaq: ICGE) network of partner companies. The company has earned recognition from Forbes, Fortune,
The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its
leadership in procurement outsourcing. For more information: www.icgcommerce.com
About IAOP
The International Association of Outsourcing Professionals (IAOP) is the global, standard-setting
organization and advocate for the outsourcing profession. IAOP's global membership
encompasses almost 200 organizations from around the world representing almost every industry
segment and functional activity. In total, more than 37,000 individuals working in the field of
outsourcing are members or subscribers.
For more information, please visit www.outsourcingprofessional.org.
About The Global Outsourcing 100
The International Association of Outsourcing Professionals (IAOP) produces The Global
Outsourcing 100. This list, devoted to today's leaders and tomorrow's rising stars, was published
in a special advertising feature in the April 3, 2006 issue of FORTUNE® magazine. Because of
the rigorous application and judging process employed, The Global Outsourcing 100 defines the
standard for excellence in outsourcing service delivery.
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