Emptoris Announces Record Growth for 2004

Emptoris Announces Record Growth for 2004

Increases Footprint in Enterprise Supply Management Market with Triple-digit Revenue Growth, Significant New Customer Traction, and Global Expansion

BURLINGTON, Mass., Jan. 31 /PRNewswire/ -- Emptoris, the leading provider of Enterprise Supply Management solutions for Global 5000 companies, today announced record results for 2004. The company reported that it increased revenues by 238% and new sales bookings by 175% over 2003. This resulted from signing a record number of new customers throughout the year. In 2004, Emptoris increased its customer base by 73% with strong traction in the consumer package goods, manufacturing, financial services and pharmaceutical industries. Emptoris also expanded its geographic reach by significantly increasing its customer base in Europe and successfully penetrating the Pacific Rim.

During the past year, Emptoris continued to expand its product offerings by acquiring supplier assessment firm, Valuedge, further deepening the company's supply chain expertise. It also enhanced the existing product offerings by releasing Emptoris 5, the industry's most comprehensive web-based application suite that integrates spend analysis, supplier negotiation, optimization-based bid analysis, contract compliance and supplier performance management capabilities.

"Emptoris continues to gain traction by providing superior, high value solutions to organizations looking to build competitive advantage in their supply chain while improving the bottom line," said Avner Schneur, CEO of Emptoris. "With our leading platform and specialized industry expertise, companies choose us to help them drive millions of dollars in bottom-line savings, execute savings initiatives faster, enhance their suppliers' performance, and improve their procurement team's productivity. Our unyielding dedication to our customers has been the key reason for our success, and we continue to be optimistic about our growth in the year ahead."

Additional Milestones:
* Enabled customers to analyze collectively over $1.1 trillion in spend,
source over $30 billion in 50 different countries, and identify over $4
billion in savings.
* As a key technology partner, aided customers in winning top industry
accolades, including:
* Motorola, which received the 2004 INFORMS Franz Edelman Award;
* H.J. Heinz and GlaxoSmithKline, which were honored with the
Chartered Institute of Purchasing and Supply (CIPS) Supply
Management Awards;
* Owens Corning and Motorola, which were recognized by AberdeenGroup
as best practice leaders in spend analysis and e-sourcing.
* Recognized as one of the 2004 Supply & Demand Chain Executive 100,
further validating Emptoris' strong position in the market.
* Raised an additional round of financing, led by new investor ABS
Capital Partners, a leading private equity firm focused on established
growth companies, with existing investors Menlo Ventures and
HarbourVest also participating.
* Added software industry veteran Dean Goodermote of ABS Capital as
Emptoris' newest board member.
* Appointed former Senior Vice President, Material Management and Chief
Procurement Officer for Bayer Corporation, Robert Rudzki, to its
advisory board.
* Promoted Joe Jouhal, Ariba's former Vice President and General Manager
for Europe, to Senior Vice President of Sales and Marketing.
* Appointed Eric Allen as Vice President and General Manager of Europe
and Amol Joshi as Vice President of Sales for North America.

About Emptoris


Emptoris is a leading provider of powerful enterprise supply management solutions for Global 5000 companies. By implementing Emptoris 5(TM), a suite of Web-based solutions, enterprises can quickly identify and prioritize procurement savings opportunities, negotiate significant cost savings with vendors, and track contract compliance and supplier performance. Emptoris customers include American Express, Boeing, Fleet Financial Corporation, GlaxoSmithKline, Motorola, Toro, Owens Corning and Samsung America. Emptoris, a privately held company, is headquartered in Burlington, Massachusetts. For additional information, please visit http://www.emptoris.com/.

Contacts:
Paul Green Stephanie Lee
Emptoris Lois Paul & Partners
(781) 993-9212 ext. 117 (781) 782-5710
pgreen@emptoris.comstephanie_lee@lpp.com


Source: Emptoris

CONTACT: Paul Green of Emptoris, +1-781-993-9212, ext. 117,
pgreen@emptoris.com; or Stephanie Lee of Lois Paul & Partners,
+1-781-782-5710, stephanie_lee@lpp.com

Web site: http://www.emptoris.com/


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