Verticalnet Named to Supply & Demand Chain Executive Magazine's ''2006 Supply & Demand Chain Executive 100''; Leading Supply Chain Publication's Annual Ranking Showcases the Most Innovative Solutions Providers

Business Wire, July 18, 2006

MALVERN, Pa. -- Verticalnet, Inc. (Nasdaq:VERT), the leader in On Demand supply management solutions, today announced that it had been named to the fifth annual "2006 Supply & Demand Chain Executive 100" list of leading supply chain solution providers. 2006 marks the third straight year that Verticalnet has been included on the influential list.

Supply & Demand Chain Executive magazine identified the leading providers of supply chain services and technologies who are at the forefront of innovation based on submissions from end users and solution providers. The judging committee included the editorial staff of the magazine in conjunction with the editorial advisory board.

This year, the leading business magazine focused the criteria for the 2006 list towards companies that deliver the most innovative solutions. Companies were graded on their history of innovation as well as their future innovation road map. Verticalnet was included on the list due to its market leadership in deploying its Software as a Service (also known as "On Demand") delivery model. Illinois Tool Works served as a Verticalnet customer reference with a case study as part of the nomination process.

"The on-demand trend is bringing the benefits of supply management solutions to new segments of the market, especially mid-market companies," said Andrew K. Reese, editor of Supply & Demand Chain Executive. "Verticalnet's efforts over the past year to move its offerings to an on-demand model and its success in moving its customer base over to this model earned it a place in this year's '100.'"

"We are excited to be recognized by Supply & Demand Chain Executive for the third consecutive year," said Nathanael V. Lentz, president and CEO of Verticalnet. "Since releasing the first commercially available spend analysis solution in 2002, we have focused on continually innovating our solutions to meet the needs of our customers. Inclusion on this list is recognition of the advances that have been benefiting our customers - innovations that have included spend analysis, sourcing program management, complex category sourcing, and supplier performance management - all delivered via our on demand model." Lentz concluded, "We are pleased that industry leading publications like Supply & Demand Chain Executive and companies of all sizes are recognizing Verticalnet for our innovation and the value we deliver to leading supply chain organizations."

About Verticalnet

Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

To learn more, please visit us at www.verticalnet.com

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage.

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC