VERT Verticalnet (MM)

Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on demand supply management solutions, today announced that a Fortune 100 healthcare company has signed a multi-year subscription agreement for the Verticalnet XE suite of supply management solutions. In addition the company has also engaged Verticalnet to perform a Spend Opportunity Assessment to help the company define their 2007 supply management objectives. The healthcare company selected Verticalnet after an exhaustive and competitive evaluation that included many of the other major on-premise and software as a service (SaaS) vendors. The company�s selection was driven by the fact that Verticalnet stood apart from all other vendors because of their fully integrated suite of on-demand solutions. The Verticalnet XE suite will be able to streamline the customer's current sourcing workflow, automate their sourcing initiatives, advance contract execution and better manage suppliers from multiple levels of their organization. �We are excited that Verticalnet XE has been selected to be the total supply management solution for this leading healthcare company,� said Nathanael V. Lentz, Verticalnet president and CEO. �As a forward-thinking supply management organization, they required a solution to automate their entire sourcing process. From spend analysis, through supplier negotiation, contract management and supplier performance management, we believe Verticalnet XE will meet and exceed their needs today and well into the future. We look forward to helping them continue to improve the cost and quality of healthcare through world-class supply management.� The healthcare leader has licensed the complete Verticalnet XE Suite, which includes: Verticalnet� Program Manager � lowers the total cost of ownership and improves productivity through sound and re-usable program and process management. More information can be found at: http://www.verticalnet.com/software/program.asp Verticalnet� Spend Manager � a fast, intelligent, and repeatable solution for identifying, evaluating, and quantifying enterprise-wide sourcing opportunities while measuring compliance. For more information, visit: http://www.verticalnet.com/software/spend_analysis.asp Verticalnet� Negotiation Manager � accelerates and improves negotiated savings through online auctions and eRFX events. For more information, visit: http://www.verticalnet.com/software/supplier_negotiation.asp Verticalnet� Contract Manager � provides real-time insights into contract obligations, exposures, expirations, changes and renewals delivering greater control, reducing costly oversights and minimizing supplier risk. For more information, visit: http://www.verticalnet.com/software/contract_management.asp Verticalnet� Performance Manager � enables companies to effectively track and manage supplier performance, contract compliance and identify potential areas of supplier risk. For more information, visit: http://www.verticalnet.com/software/supplier_performance.asp About Verticalnet Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet�s solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise. To learn more, please visit us at www.verticalnet.com Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on demand supply management solutions, today announced that a Fortune 100 healthcare company has signed a multi-year subscription agreement for the Verticalnet XE suite of supply management solutions. In addition the company has also engaged Verticalnet to perform a Spend Opportunity Assessment to help the company define their 2007 supply management objectives. The healthcare company selected Verticalnet after an exhaustive and competitive evaluation that included many of the other major on-premise and software as a service (SaaS) vendors. The company's selection was driven by the fact that Verticalnet stood apart from all other vendors because of their fully integrated suite of on-demand solutions. The Verticalnet XE suite will be able to streamline the customer's current sourcing workflow, automate their sourcing initiatives, advance contract execution and better manage suppliers from multiple levels of their organization. "We are excited that Verticalnet XE has been selected to be the total supply management solution for this leading healthcare company," said Nathanael V. Lentz, Verticalnet president and CEO. "As a forward-thinking supply management organization, they required a solution to automate their entire sourcing process. From spend analysis, through supplier negotiation, contract management and supplier performance management, we believe Verticalnet XE will meet and exceed their needs today and well into the future. We look forward to helping them continue to improve the cost and quality of healthcare through world-class supply management." The healthcare leader has licensed the complete Verticalnet XE Suite, which includes: -- Verticalnet(R) Program Manager - lowers the total cost of ownership and improves productivity through sound and re-usable program and process management. More information can be found at: http://www.verticalnet.com/software/program.asp -- Verticalnet(R) Spend Manager - a fast, intelligent, and repeatable solution for identifying, evaluating, and quantifying enterprise-wide sourcing opportunities while measuring compliance. For more information, visit: http://www.verticalnet.com/software/spend_analysis.asp -- Verticalnet(R) Negotiation Manager - accelerates and improves negotiated savings through online auctions and eRFX events. For more information, visit: http://www.verticalnet.com/software/supplier_negotiation.asp -- Verticalnet(R) Contract Manager - provides real-time insights into contract obligations, exposures, expirations, changes and renewals delivering greater control, reducing costly oversights and minimizing supplier risk. For more information, visit: http://www.verticalnet.com/software/contract_management.asp -- Verticalnet(R) Performance Manager - enables companies to effectively track and manage supplier performance, contract compliance and identify potential areas of supplier risk. For more information, visit: http://www.verticalnet.com/software/supplier_performance.asp About Verticalnet Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise. To learn more, please visit us at www.verticalnet.com Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC