Global eProcure Positioned in Challengers Quadrant in Leading Industry Analyst Firm’s Magic Quadrant

April 26, 2008

Global eProcure has been evaluated and placed in the challenger quadrant by an independent technology research and advisory firm, in their 2008 Magic Quadrant for Sourcing Application Suites1. Global eProcure scored the highest in their ability to execute.

“We are extremely pleased with our position in the Gartner Magic Quadrant report,” says Global eProcure CFO, Sam Gadodia. “The firm’s rapid growth both domestically and across Europe is a testament to the hard work and dedication of our employees. We have always believed in our ability to execute, but we believe to have this capability analyzed, in a report that is referenced so widely throughout the industry, further validates the value and service we have brought to our customers for nearly 10 years.”

Firms evaluated for the Magic Quadrant for Sourcing Application Suites were judged on their ability to execute, as well as their completeness of vision. Additionally, they were required to have at least $7 million in revenue from sourcing application licensing, subscription and maintenance in 2007. They must also, support reverse auctions, and hold at least half of the intellectual property on their sourcing products, have reasonable traction among suite modules, and be able to provide at least three customer references, among other criteria.

1) Gartner, Inc. "Magic Quadrant for Sourcing Application Suites, 2008" by Debbie Wilson, April 18, 2008

The Magic Quadrant is copyrighted April 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Global eProcure

Global eProcure is a procurement transformation solutions company that provides the ‘right-sized’ Sourcing and Procure-to-Pay (P2P) technologies, on-demand. The software suite is offered in a flexible package, allowing customers to pick and choose solution components that match their unique transformation goals.

We simplify technology and leverage a powerful combination of people and innovative processes to ‘accelerate’ organizational transformation. Our full-suite offering of tools and process expertise, enables strategic partnerships with leading global organizations lasting several years, ensuring delivery of value at every step. The software tools cover the end-to-end requirements of medium to large sized organizations, at the transaction layer (P2P), the strategic layer (sourcing and supplier relationship management), the governance layer (spend compliance) and the analytics layer (spend dashboard).

We are a privately held enterprise with its world headquarters in Clark, NJ and regional headquarters in Prague, Czech Republic, London, Shanghai, Hyderabad and Mumbai, India. For more information about Global eProcure, please visit www.globaleprocure.com.

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Media Enquiries:

Siddharth Hegde
Director of Marketing
siddharth.hegde@globaleprocure.com
Desk: 732-382-6565 Ext: 4009
Cell: +91-9820217252

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