Procuri Grows TotalContracts' Business in Q1 2006; Priorities for Cost, Risk and Compliance Management Drive Traction for On Demand Contract Management Solution

Business Wire, April 27, 2006

SAN DIEGO -- Continued pressures for corporate profitability, compliance and risk management are driving increased demand for Procuri's TotalContracts solutions. As part of an extremely successful quarter for all Procuri's On Demand Supply Management solutions, Procuri announces new TotalContracts customers, as well as an ongoing up tick in customer renewals and expansions.

Joining the more than 150 enterprises of all sizes, industries, and geographies that rely on Procuri's on-demand solution for contract lifecycle management are new customers including ColeTaylorBank and JM Family Enterprises, Inc. Numerous existing customers have renewed their Procuri TotalContracts subscription, including Branch Banking & Trust Company (BB&T).

"Procuri TotalContracts systematically and efficiently manages contract creation, execution and analysis, maximizing financial and operational performance while minimizing risk," said Mark Morel, Procuri president and CEO. "With the ability to get started immediately and realize fast results, companies in all industries are using Procuri TotalContracts for all types of contracts and across all departments within their organization."

The industry's most widely-used On Demand contract lifecycle management solution, Procuri TotalContracts accelerates companies to contract excellence by delivering award-winning solutions to automate and streamline the entire contract lifecycle - from initial contract negotiation, authoring and collaboration through contract compliance and performance management. The solution incorporates a highly intuitive user interface, robust functionality and reporting, and open application architecture and integration methods to enable collaborative creation and management of all types of contracts across the complete contract lifecycle.

Procuri's proven On Demand delivery model eliminates the need to license costly software or hardware or to hire expensive implementation personnel. Industry research from Aberdeen Group, TripleTree and others find that initial fees for On Demand solutions are less than half those of installed software and, with no technology to maintain, total cost of ownership is 5X - 10X less than installed software.

Contract and commercial managers and executives looking to learn about how to quickly and cost-effectively gain control over the contract lifecycle can experience a demo of Procuri TotalContracts at Booth #109 at the IACCM conference and learn more at www.procuri.com.

About Procuri, Inc.

Procuri leads the On Demand Supply Management industry with more than 325 customers of all sizes, industries, geographies and spend categories. Customers include Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, The McGraw-Hill Companies, Newell Rubbermaid, Sun Microsystems and Toyota Motor Sales. Procuri's On Demand solutions for spend analysis, supplier management, strategic sourcing, contract management and compliance are comprehensive, cost effective and instantly available. For more information, call 1-877-360-1600 or visit www.procuri.com.

All copyright, registration and trademarks for Procuri, Inc., Procuri, Procuri TotalSource, Procuri TotalSupplier, TotalContracts and Procuri TotalAnalytics. Other company and product names may be trademarks of their respective owners.