Ketera On Demand Spend Management Suite Selected A Winner In The SaaS and Cloud Computing Category

San Jose, CA - May 18, 2009 - Ketera Technologies, Inc. announced today that Network Products Guide, the industry's leading publication on information technologies and solutions has named the Ketera On Demand Spend Management Suite a winner of the 2009 Product Innovation Award. Ketera is the leading provider of On Demand Spend Management solutions and operates the fastest growing community of buyers and suppliers with more than 250,000 members. This annually venerated award recognizes and honors vendors from all over the world with innovative and ground-breaking products that are bringing essential and incremental changes and are setting the bar higher for others in all areas of information technology.

Ketera is the first and only on demand spend management solution to give mid and large size enterprises cost effective spend management solutions that reduce and control corporate spending for direct and indirect goods - creating auditable business processes that lead to corporate governance and compliance. Ketera′s on demand spend management solution creates a "source to pay" loop to identify, capture and sustain bottom-line savings with spend analysis, sourcing, procurement, contract management and supplier performance. Ketera has reduced the unnecessary cost and complexity of procurement so organizations can drive change and enhance business value. For more information go to http://www.ketera.com/solutions/index.html. To read more about this product innovation, please visit http://www.networkproductsguide.com/innovations/2009/Ketera_Technologies_Inc.html.

"Innovation is clearly an important factor for greater success and has the most impact on staying competitive," says Rake Narang, editor-in-chief of Network Products Guide. "Innovative products such as Ketera's On Demand Spend Management Solution are delivering a low risk, low cost way for companies to deploy spend management solutions rapidly-eliminating the majority of IT costs and large up front license fees, while streamlining the whole procurement process across the entire organization."
"Network Products Guide's recognition of Ketera's On Demand Spend Management Suite further validates our products, solutions and services," said Ketera Chairman and CEO Steve Savignano. "In a challenging economic climate, companies turn to cost cutting to maintain profitability. Many companies still use manual processes and spreadsheets to manage purchasing, invoicing and contracts. Our innovations in SaaS and the online trading community of the Ketera Network change the economics of spend management, giving companies of all sizes access to solutions that drive savings and deliver competitive advantage. Ongoing innovation is key to our continued commitment to meeting customer needs and providing high-value solutions for both buyers and suppliers."

About Network Products Guide Awards

Network Products Guide is a media sponsor of Interop and Technosium Executive Alliance Forums engaging Chief Information Officers (CIOs) and Chief Information Security Officers (CISOs). As industry's leading technology research and advisory publication, it plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com

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“ We selected the Ketera eRFX tool because it is quick to implement, cost effective and drives efficiencies into the sourcing process.  Its portal design streamlines the communication, document traffic and analysis associated with conducting our RFPs.  The entire Ketera package has allowed us to run more events with fewer resources, leading to increased procurement efficiencies. ” Michael Feeney Vice President, Corporate Procurement for U.S. Bank

“ When using a hard copy or .pdf system to manage our contracts, Luminex would sometimes miss key milestones.With Ketera Contract management we now have full contract compliance and sufficient advanced warning to take the appropriate actions in a timely fashion.  The Ketera solution also has resulted in huge time savings for us; deciphering language in a contract used to take us hours, now it takes us minutes. ” David Mendoza Director, Strategic Planning and Business Development Group for Luminex

“ We recognized an opportunity to enhance our purchasing process with state–of–the–art technology – without the up–front investment and ongoing resource commitment associated with the implementation of enterprise software. ” Mitch Platt VP Contract Services for Con-way

“ Ketera′s on demand solution is ahead of the competition – we will be able to implement the solution in weeks and we never have to worry about taking the system down to install upgrades or make changes. ” Steve Kenny Vice President Risk Management and General Services for Columbia Credit Union

“ From the beginning, Ketera explained everything to us, both from the technical and sales side. They′ve accommodated our needs and have been very helpful and responsive. ” Michael Kapeles Senior Supply Manager for Cabot Microelectronics

“ Not only does Ketera provide innovative solutions for spend management, they also offer high quality professional services that let you get the most from their solutions. Working with Ketera is like a breath of fresh air. ” Nick Walker Procurement Manager for BTP

“ Ketera's new solution is really an amazing innovation that will revolutionize the purchasing industry. ” Dian Trosclair VP of Supply Chain Management for ServiceMaster

“ Using Ketera, we've lowered our costs and improved our compliance with negotiated corporate contracts. By buying on contract, we typically see a ten percent reduction in cost. ” Jim Cebula Director of Global Purchasing for Kennametal

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