Forbes Reaffirms ICG Commerce's Leadership in Procurement Business Process Outsourcing
Monday November 14, 8:00 am ET
Recognition Highlights Continued Strong Company and Market Growth, Market Share Leadership and Singular Focus on Procurement Industry Highlighted in Fourth Consecutive "Best of the Web" Recognition
PHILADELPHIA, PA--(MARKET WIRE)--Nov 14, 2005 -- ICG Commerce, a leading procurement services provider, today announced that it has been recognized for the fourth consecutive year in Forbes' "Best of the Web" ranking of business-to-business companies. ICG Commerce was selected for two categories this year, as one of four leaders in the overall Procurement market and one of 12 companies to be featured in the business process outsourcing (BPO) category. ICG Commerce was the only procurement-focused provider to be chosen in the BPO category.
ADVERTISEMENT
click here
ICG Commerce's selection was based on a number of compelling factors, including its expanding blue chip customer base. The company's latest publicly announced customer signings include Rent-A-Center, Cooper Cameron, Greif and Universal Packaging Systems.
"For ICG Commerce, its expertise is in the BPO-procurement industry and according to a research report from Nelson Hall, ICG Commerce is the market share leader in the area of procurement-BPO services," noted Forbes.
Highlighting the company's vast potential, Forbes notes, "According to a 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."
Forbes' 2005 Best of the Web guide showcases 100 best-in-class B2B companies in 13 different categories. Companies were judged on several criteria, including strategy, execution, innovation and financial staying power.
"It's a privilege to again be recognized by Forbes as the leading procurement BPO provider," said Edward H. West, chairman and CEO of ICG Commerce. "By placing ICG Commerce alongside generalists who are more broadly focused on IT and Consulting services, Forbes validates the demand for specialized BPO providers. Our focus on procurement and history of delivering procurement related performance improvements and results to our customers is what drives our success in the market."
About ICG Commerce, Inc.
ICG Commerce (www.icgcommerce.com) is a leading Procurement Services Provider exclusively focused on helping companies buy more effectively and efficiently in order to reduce costs significantly and continuously. The company offers an unmatched combination of process and category expertise, market insights and benchmarks, and a world-class operational Buying Center to deliver Sourcing and Procurement Outsourcing Services. ICG Commerce Inc., a privately held company founded in 1992, is a member of Internet Capital Group's (NasdaqNM:ICGE - News) network of partner companies and has been honored as a Forbes Best of the Web: B2B, UPSIDE Magazine Hot 100 and iSource 100 company and has had its executives recognized among the Supply & Demand Chain Executive's "Pros to Know. |
