Easy-to-use and quick to deploy spend management.

Achieves One Hundred Percent Customer Renewal Rate; Undergoes Successful Executive Transition

Santa Clara, Calif., July 24, 2006 - Ketera Inc., the leading provider of On Demand Spend Management solutions, today announced it maintained strong growth momentum in the second quarter of 2006. While undergoing a successful executive transition and welcoming Burton M. Goldfield as new chief executive officer during the quarter, Ketera also remained consistent across the board with a one hundred percent customer renewal rate and the addition of several new mid-market and enterprise customers.

The key to achieving strong results again this quarter was the number of deals re-enforcing Ketera′s leading position as a trusted source for on demand spend management solutions. During the second quarter, Ketera signed on 13 new mid-market companies including, SiegeNetworks, The Claro Group, ComVerge and iPass, in addition to numerous enterprise wins in the Government, Healthcare, Education, Logistics and Telecom industries.

During the quarter, Ketera was also honored on the annual "Red Herring Top 100 Private Companies in North America" list for 2006. The company was recognized for its continued work in breaking the traditional boundaries that exist within the software industry by offering best-in-class spend management applications via the on demand model.

"Saas [Software as a Service] is revolutionizing the way companies control spend within their organizations," said Gartner Research Director, Debbie Wilson. "The inherently lower-risk, lower-cost nature of the delivery model provides an attractive option for companies wanting to rapidly implement effective spend management programs in their organizations."

"This is an exciting time to come on board at Ketera and I′m thrilled the company has continued to gain traction with customers and win industry accolades while undergoing an executive transition during the quarter," said Burton M. Goldfield, CEO, Ketera. "These achievements speak well to the dedication of the entire Ketera team and our ability to offer customers proven spend solutions that can be deployed fast and deliver rapid savings within the first year. This means our customers can realize impressive results very quickly, which bodes well for Ketera since our success is based upon our customer′s success."

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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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