cc-hubwoo and Procuri Launch Global Partnership; Leaders in On Demand e-Procurement and On Demand Supply Management Solutions Team Up for Global Coverage

Business Wire, August 2, 2006

PARIS and ATLANTA -- cc-hubwoo, the world leader in on-demand electronic procurement solutions and supplier network management and Procuri, the global leader in On Demand Supply Management solutions, today announced a strategic partnership to deliver spend analysis, strategic sourcing, e-procurement, contract management, supplier enablement and supplier management solutions on a global basis.

Under the partnership, cc-hubwoo will resell Procuri's market-leading On Demand supply management solutions, bringing comprehensive supply management solutions to cc-hubwoo's global community of buyers and suppliers, the Enterprise Supply Network(TM). The worldwide reseller agreement, exclusive in France and Germany, will expand and complement Procuri's existing marketing and sales efforts. Additionally, cc-hubwoo will leverage Procuri's market presence in North America to further drive adoption of its e-procurement and supplier enablement offerings. Sold under the brand "cc-hubwoo powered by Procuri", the solutions are immediately available.

cc-hubwoo's On Demand supplier relationship management solutions allow companies to automate procurement processes, connect with suppliers, access customized electronic catalogs and execute electronic transactions and settlement. With Procuri's solutions, cc-hubwoo customers gain new ability to negotiate and manage best-value agreements and streamline existing processes with best-in-class spend analysis, strategic sourcing, contract management, and supplier management capabilities. Both companies deliver their solutions On Demand, eliminating the need to install software or hardware, speeding implementation and time-to-value cycles, and reducing risks and total cost of ownership.

"Coupling the e-procurement and supply management processes allows our customers to manage the entire Source-to-Pay process with one vendor. And, with solutions available On Demand, companies can get started immediately with lower up-front costs," said Alain Andreoli, President and CEO of cc-hubwoo.

Procuri's award-winning solutions reduce costs and improve the entire spend process for more than 350 organizations in 180 countries. With the agreement, Procuri gains immediate access to the world's largest business-to-business eProcurement community.

"cc-hubwoo and Procuri subscribe to the same On Demand business philosophy for delivering low risk, high value supply management solutions coupled with exceptional customer service," said Procuri President and CEO, Mark Morel. "Our relationship with cc-hubwoo is an example of how Procuri meets worldwide customer needs by leveraging our partner ecosystem to extend our solution offerings."

About cc-hubwoo

cc-hubwoo is the world's leading provider for on-demand electronic procurement solutions and supplier network management. The company manages the largest Business to Business Community with more than 60 worldwide buying corporations (50 of them among Fortune 1000) and over 12,000 connected suppliers. Clients include Total, BASF, EDF, Gaz de France, Michelin, Shell, Thomson, Bayer, Henkel, Degussa, Alcatel, Safran, ConocoPhillips, The Dow Chemical Company, ENI, Repsol YPF, Solvay and Statoil. cc-hubwoo's trading hub annually processes 2 million purchase orders representing EUR 5 billion in customer spend value. The company operates internationally and has offices in France, Germany, Ireland and the USA.

cc-hubwoo is publicly traded on the Eurolist of Euronext Paris - Compartment C

ISIN: FR0004052561, Reuters: HBWO.LN, Bloomberg: HBWO FP

About Procuri

Procuri leads the On Demand Supply Management industry with more than 350 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.