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| Corbus and Ketera Team to Optimize `Source–to–Pay´ Services |
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Noida, India and Santa Clara, Calif., April 20, 2007 – Corbus, the global leader in Procurement Outsourcing, and Ketera, the leading provider of On Demand Spend Management solutions, today announced an alliance that will help optimize source–to–pay services for customers by bringing together expertise in spend management, technology enablement and continuous process improvement. Both companies will leverage each other′s service and solution offerings to improve customer metrics related to Quality, Cost, Delivery, and Compliance (QCDC) and help customers reach greater scales of cost productivity.
Under terms of the agreement, both companies will leverage each other′s strengths in procurement and outsourcing to help joint customers manage non–strategic spend, processes, and procurement infrastructure so they can instead focus more of their internal resources on strategic spend initiatives.
"We are enthusiastic about our alliance with Ketera because we see great value for our customers in utilizing the pioneering innovations of both companies," said Rakesh Mittal, president and chief operating officer at Corbus. "Together, we will offer joint solutions that will enhance customer′s operational efficiency, reduce procurement costs, improve spend compliance and increase spend under management, thus enabling them to achieve sustainable competitive advantages."
"Ketera recognizes Corbus as a leader and innovator in the business of spend management outsourcing," says Tom Webb, vice president of business development at Ketera. "As such, this partnership will help drive new and innovative on demand spend management solutions, resulting in significant cost–savings and quality improvements for our joint customers."
Corbus has managed billions of dollars of procurement for several Fortune 500 companies and has exceeded in Quality, Cost, and Delivery (QCD) milestones. Corbus is also known for its ability to work in true partnership with customers to innovate and bring process cost reduction exceeding 20% in the first year of engagement using its Global Collaboration Mode.
About Corbus
Corbus, a wholly owned subsidiary of Soin International LLC, is a global leader in providing IT and Supply Chain services and solutions. Corbus ensures an adaptable and flexible business model to help its clients develop and achieve cost–effective key strategic initiatives. With a strong presence in US, Europe, and Asia–Pacific markets, and a Global Delivery Center in India, Corbus has been providing services across a wide industry base that includes "Fortune 50" organizations. Corbus is a leading Supply Chain services provider with high focus on Information Technology Outsourcing and Business Process Outsourcing.
Corbus′ global presence, scalable and sustainable world–class infrastructure, business continuity processes, and ISO 9001: 2000 and SEI CMMi Level–5 software maturity, makes it a preferred service provider for many leading organizations worldwide. The Corbus management team consists of highly experienced professionals with significantly diverse backgrounds and industry expertise.
For further information on Corbus, please visit: http://www.corbus.com
About Soin International
Soin International is a private multinational holding company that provides strategic management, administrative systems and financial support to a diverse array of subsidiaries and affiliates. The Soin International portfolio of companies provides a variety of high–tech solutions, engineering services and manufactured products. Headquartered in Dayton, Ohio, Soin International companies serve global customers through offices in North America, Europe and India. The most prominent success among Mr. Soin′s investments is the Modern Technologies Corp., now known as MTC Technologies, Inc., which is listed on the NASDAQ stock exchange.
About Ketera
Ketera is the fastest–growing provider of on–demand spend management solutions, providing
companies with the applications and services needed to control and reduce corporate spending. Ketera′s closed–loop spend
management solutions include applications for spend analysis, sourcing, contract management, procurement, supplier enablement
& content management, supplier performance management, and invoice management.
Since its inception, Ketera has supported enterprise customers of all sizes, industries and geographies,
including numerous Fortune 500 companies. In 2006, Ketera surpassed $4 trillion in spend analyzed and more than
$1 billion in transactions between buyers and suppliers. Many of the world′s leading enterprise companies, including
ServiceMaster, American Express, Kennametal, Con–way, and Northrop Grumman Corporation depend on Ketera Spend
Management to deliver real, hard–dollar savings quickly.
For more information about Ketera and the Ketera Spend Management
suite of services, please visit: http://www.ketera.com
For more information:
Amy Wall
Voce Communications, Inc.
650–228–5182
awall@vocecomm.com
Source: Ketera Technologies
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