International Association of Outsourcing Professionals Highights ICG Commerce Among Overall Market Leaders
Wednesday May 3, 8:00 am ET
Recognition Reaffirms Service Provider's Stronghold on the Procurement Outsourcing Market
PHILADELPHIA, May 3 /PRNewswire/ -- 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.
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"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 ( 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 (Nasdaq: 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."
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
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. |
