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Leading Business Magazine Selects Ketera As Top Supply and Demand Chain Vendor
Santa Clara, Calif., July 13, 2005 – Ketera (www.ketera.com), the leading provider of on demand spend management solutions, today announced that the company has been named to the prestigious Supply & Demand Chain Executive 100. The list honors innovative supply chain solution providers that are helping to lead the way in transforming companies′ supply and demand chains.
"We′re honored," said Stephen Savignano, Chairman and CEO of Ketera. "This award speaks to the value Ketera′s on demand spend management solutions bring to companies of all sizes enabling them to rapidly gain visibility into their spend and delivering a greater return at a reduced risk, with 5–10 times lower investment and at 3–5 times faster time to value than traditional software."
The 2005 Supply & Demand Chain Executive 100 highlights vendors that provide groundbreaking supply and demand chain initiatives to small, midsize and large companies in a variety of industry sectors. The initiatives use technologies and/or services to address and solve pain points in the supply and demand chain, and the results of the initiatives produce a substantial return on investment.
"The Supply & Demand Chain Executive 100 is one way in which our magazine tries to help readers navigate the complex landscape of supply and demand chain solutions and service providers," explained Andrew Reese, editor of Supply & Demand Chain Executive magazine. "The `100´ list of companies is designed to showcase providers that have completed successful and innovative real–life supply chain implementations, and give our readers a starting place when looking for solutions to their own supply chain pain points."
Submissions for the 2005 "100" were evaluated based on the pain point(s) addressed by the initiatives, the technologies and services used to address those pain points, the results of the initiatives, and plans for taking the project forward.
Ketera will be featured in the cover story of the June/July 2005 issue of Supply & Demand Chain Executive, as well as online at www.SDCExec.com.
About Supply & Demand Chain Executive Magazine
Supply & Demand Chain Executive Magazine is the executive′s user manual for successful supply chain transformation, utilizing hard–hitting analysis, viewpoints and unbiased case studies to steer supply and demand chain management professionals through the complicated, yet critical, world of supply and demand chain management as competitive advantage. On the Web at www.SDCExec.com.
About Ketera
Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.
Ketera Spend Management includes applications for spend analysis, sourcing, procurement and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.
Ketera is an IBM business partner, providing technology for IBM Leveraged Procurement Services, an e–Business On Demand offering. Located in Santa Clara, Calif., Ketera is a private company funded by American Express. Other investors in the company include Kleiner Perkins Caulfield & Byers and Foundation Capital. For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com.
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