Deloitte & Touche Chooses diCarta for Collaborative Contract Lifecycle Management

Business Wire, March 5, 2001

Business Editors

REDWOOD CITY, Calif.--(BUSINESS WIRE)--March 5, 2001

Big 5 Agreement Marks Major Buy-Side Win for the Contract

Management Software Leader, Further Establishes diCarta's

Reach in the Fortune 1000

diCarta, Inc., the award-winning leader of Internet-based, business-to-business contract and revenue management solutions, today announced that Deloitte & Touche, one of the nation's leading professional services firms, has selected diCarta to help manage its procurement contracts. Deloitte & Touche will use diCarta Contracts(TM), a Web-based contract lifecycle management software, to better negotiate, track and manage buy-side agreements totaling more than $600 million.

The win demonstrates diCarta's increased momentum in the Fortune 1000 market, where the complexity associated with managing buy-side contracts makes the process extremely costly, resource-intensive and error-prone. Deloitte & Touche may ultimately use diCarta Contracts to automate every phase of the contract process, including negotiations, renewals, vendor performance monitoring, obligation tracking and expense budgeting. diCarta Contracts will also provide Deloitte & Touche's procurement managers with a central repository for storing all contract information.

"We're implementing diCarta Contracts to significantly reduce procurement spending by more efficiently managing our contracts with suppliers and vendors," said Claudia Hazard, director of procurement, Deloitte & Touche. "We initially looked at using various ERP systems for contract management, but realized they didn't provide the negotiation and collaboration features we wanted. We needed a solution that could streamline the negotiation process and that could give our managers and vendors constant visibility into contract terms and conditions. diCarta Contracts was the only solution we found that could do all of those things."

"Deloitte & Touche represents a significant win for us as we drive toward increasing our foothold in the Fortune 1000 and Global 2000 markets," said Scott Martin, president and CEO, diCarta. "Being chosen by one of the nation's foremost providers of financial services demonstrates our cross-industry appeal to companies of all sizes. We believe the benefits we're able to provide Deloitte & Touche will be a model for all companies who want to reduce the inefficiencies of managing buy-side agreements."

diCarta is also working closely with two other arms of the Deloitte Touche Tohmatsu organization. diCarta is working with Deloitte Consulting to provide the business process re-engineering and business application integration necessary to dramatically improve contract management for both enterprises and exchanges. Deloitte Consulting will offer integration and training services in conjunction with the diCarta solution, assisting many of its global clients with the contract management lifecycle process. Additionally, the investment arm of Deloitte Consulting, Deloitte Consulting Ventures, recently invested $5 million in diCarta during the company's mezzanine round of funding.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is part of Deloitte Touche Tohmatsu, one of the world's leading professional services firms, with more than 92,000 people in over 135 countries. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.

About diCarta, Inc.

diCarta offers the first B2B collaborative contract management solution that streamlines the entire contract lifecycle. diCarta Contracts, a web-based solution, enables enterprises and Internet trading exchanges to collaborate with customers and suppliers on contract terms and conditions, and to increase visibility into revenue management, future obligations and renewals. This allows companies to accelerate contract processes while minimizing legal and financial risk. Using diCarta's Zero-Impact Activation(TM) methodology, customers realize system benefits rapidly with minimal organizational impact. Founded in October, 1998, diCarta is headquartered in Redwood City, California. diCarta venture capital investors include Sequoia Capital, responsible for funding successful companies such as Agile (NASDAQ:AGIL), Apple Computer (NASDAQ:APPL), Cisco Systems (NASDAQ:CSCO), and Yahoo (NASDAQ:YHOO); Capital Research and Management Company, advisor to the American Funds Group; The Roda Group, lead investors in Ask Jeeves (NASDAQ:ASKJ); and Skywood Ventures, as well as strategic investors Comdisco Ventures, Cooley Godward, Deloitte Consulting, Octane Capital Management, Mentor Capital Group and other private investors. For more information about diCarta solutions visit http://www.dicarta.com, send email to info@dicarta.com, or call 650-474-3800.