I-many Named 'Pure Play' Leader in Burgeoning Contract Management Software Market; Goldman Sachs First To Analyze The Growth And Leaders In Fast Growing Space

Business Wire, Feb 5, 2001

Business/Technology Editors

PORTLAND, Maine--(BUSINESS WIRE)--Feb. 5, 2001

According to a report released today by Goldman Sachs, I-many (NASDAQ:IMNY) is the leading provider of solutions in the rapidly emerging contract management software market. I-many is identified in the report as the only "pure play" software company in a market expected to grow to over $3 billion in software sales within five years.

The need for contract management solutions exists across all vertical industries as business-to-business trading partners structure agreements in line with their specific business objectives. Goldman Sachs projects that companies using contract management software, such as the solutions offered by I-many, can reduce annual contract management expenses by 20-50 percent.

"We have put a significant amount of time into understanding and validating the contract management business process and the impact it has on the industries we researched," said Jamie Friedman, Vice President, Senior Equity Analyst - B2B Software, of Goldman Sachs. "I-many is providing a strong value proposition in this space, as evidenced by their client base, and they are well positioned to expand their presence in this category through their first-mover advantage."

I-many's broad range of Web-based and behind the firewall solutions helps manufacturers, distributors, retailers, group purchasing organizations and other supply chain participants optimize and automate purchasing contract processes. I-many allows trading partners to automatically administer a variety of critical business functions, such as contract creation, contract pricing, complex rebate and chargeback processes, verification of trading partner eligibility and monitoring contract performance and compliance.

"Businesses today purchase the vast majority of their products and services under terms governed by contracts or trade agreements," said Leigh Powell, president and CEO of I-many. "I-many's extensive portfolio of contract management and Trade Relationship Management (TRM) solutions help all supply chain participants make, manage and maximize the value of their business relationships. We are extremely gratified to be recognized by Goldman Sachs as the clear leader in providing solutions that reside at the epicenter of business-to-business commerce."

About I-many

I-many (NASDAQ: IMNY) is the leader in providing software and Internet-based contract management solutions and related professional services which enable businesses to manage complex trade relationships and facilitate business-to-business e-commerce. The company's clients include 8 of the largest 10 healthcare manufacturers in the world, leading consumer goods companies such as Procter & Gamble (NYSE: PG), and estimates that its solutions help manage more than $45 billion in contracted commerce per year. For more information visit the company Web site at www.imany.com.

All names and trademarks are the property of their respective holders.

This press release may contain forward-looking statements relating to the future performance of I-many, Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from expectations. These risks and uncertainties include the uncertainty associated with the adoption of I-many's products and services, including the Membership Exchange module and I-many's ASP service model, the adoption by companies outside the healthcare field of I-many's solutions generally, the acceptance by participants in the industries targeted by the Company of business-to-business Internet exchanges for the management of complex contracts, and competition for market share among the companies providing technologies and services similar to those provided by the Company.