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Ketera surpasses $17 trillion in spend analyzed and more than $3 billion in transactions processed between buyers and suppliers

San Jose, Calif. - October 23, 2008 - Ketera, the leading provider of On Demand Spend Management solutions, announced today several additions to the management team that will help fuel Ketera's growth and the advancement of its innovative spend management solutions. Ryan Ashburn joins Ketera as Vice President of Sales, Mike Gardner will lead development as Vice President of Products, and Leslie Cedar returns to the company as Vice President of Business Development.

In making the announcement Stephen Savignano, Chairman and CEO of Ketera, said, "As companies look to address the challenging business environment, solutions such as Ketera's streamline operational efficiencies and help companies gain the edge they need in a tight economic climate. Enterprises large and small are looking to take advantage of cost-effective software-as-a-service offerings as well as benefit from economies of scale through open access to the fastest growing buyer and supplier community in the industry."

Today's announcement is another milestone toward delivering on the Ketera vision. Savignano continues, "Both Ryan and Mike bring deep experience in building businesses that leverage communities to automate cross company business processes. Leslie brings deep industry, domain and front-line Ketera selling experience to bear in building long-term, high-value channel partnerships. This skilled and proven team has already made a significant impact at Ketera."

Vice President of Sales Ryan Ashburn comes to Ketera after a 13 year tenure at ADP where he expanded the team and implemented new organizational and sales processes while helping to achieve strong growth in ADP's enterprise client base. Ashburn will build out the Ketera sales team and develop new processes, metrics and strategies to support Ketera's growth plans.

Vice President of Products Mike Gardner joins the team from LiveOps where he was Vice President of Engineering. Gardner also spent time as Director of Development for eBay, and was responsible for various parts of the eBay solution related to catalogs and search. Vice President of Business Development Leslie Cedar returns to the company from a prior five-year position in Direct Sales during which time she worked to successfully develop a significant portion of the Ketera client base. Prior to Ketera, she worked for ICG Commerce as a Business Development Director, supporting sales and client delivery.

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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 prev next

“ 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 prev next

“ 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 Plaat VP Contract Services for Con-way prev next

“ 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 prev next

“ 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 prev next

“ 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 prev next

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

“ 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 prev next

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