Tim Minahan Joins Procuri as SVP of Marketing; Recognized Supply Management Authority and Former Aberdeen Analyst Will Drive Procuri's Market Leadership

Business Wire, Feb 17, 2006

ATLANTA -- Tim Minahan, one of the industry's most respected supply chain analysts, will join Procuri, the leader in OnDemand supply management, as senior vice president of marketing.

In this newly created position, Minahan will help shape the strategic direction of the company's growth and execute a long-shared vision: to help companies source, contract, and manage supply relationships that reduce costs, optimize performance, and mitigate risks. He will spearhead all global marketing initiatives and partnership and alliance strategies that expand penetration for Procuri's OnDemand solutions among companies of all sizes.

"Tim has defined the standard for excellence in this field for years, and we're pleased that he's bringing his talents to our team," said Mark Morel, Procuri president and CEO. "Together, we'll accelerate our ability to capitalize on the fast-growing market for cost-effective solutions that deliver stronger, more valuable supply management processes."

Minahan joins Procuri on March 1, after having built AberdeenGroup's Supply Management Research practice into one of the most influential of the top industry analyst firms. As Aberdeen's chief services officer, he defined the firm's research focus on critical supply management and technology issues, from contract management to strategic sourcing as well as the specific challenges and opportunities of the growing mid-market. He is frequently called upon for industry insight by leading broadcast, business and trade media.

"The supply management market is at a critical inflection point: Globalization, cost pressures, and increasing supply constraints and risks have made supply management improvements a priority for companies of all sizes, industries, and geographies," said Minahan, who will report directly to Morel. "New OnDemand and Software as a Service delivery models are also causing enterprises to rethink how they license and deploy business applications. For years as an analyst, I have witnessed Procuri's growth as a leading provider of OnDemand supply management solutions. I'm excited to help Procuri develop and execute real-world strategies and solutions that enable enterprises of all sizes to accelerate and sustain supply management results."

Procuri helps companies manage and control every major facet of their supply management processes. Its suite of OnDemand solutions provides immediate visibility into optimal supplier selection, vendor performance, contract management, spend analysis and compliance. Delivered OnDemand for fast implementation with minimal up-front investment, Procuri's solutions enable significant supply management advantages to more than 300 enterprises worldwide today.

About Procuri Inc.

Procuri leads the OnDemand Supply Management industry with more than 300 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 OnDemand 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.

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