Leading Healthcare Company selects Verticalnet XE Suite for Supply Management

  
    
  
  
    
      Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on demand supply 
      management solutions, today announced that a Fortune 100 healthcare 
      company has signed a multi-year subscription agreement for the 
      Verticalnet XE suite of supply management solutions. In addition the 
      company has also engaged Verticalnet to perform a Spend Opportunity 
      Assessment to help the company define their 2007 supply management 
      objectives.
    
    
      The healthcare company selected Verticalnet after an exhaustive and 
      competitive evaluation that included many of the other major on-premise 
      and software as a service (SaaS) vendors. The company’s 
      selection was driven by the fact that Verticalnet stood apart from all 
      other vendors because of their fully integrated suite of on-demand 
      solutions. The Verticalnet XE suite will be able to streamline the 
      customer's current sourcing workflow, automate their sourcing 
      initiatives, advance contract execution and better manage suppliers from 
      multiple levels of their organization.
    
    
      “We are excited that Verticalnet XE has been 
      selected to be the total supply management solution for this leading 
      healthcare company,” said Nathanael V. Lentz, 
      Verticalnet president and CEO. “As a 
      forward-thinking supply management organization, they required a 
      solution to automate their entire sourcing process. From spend analysis, 
      through supplier negotiation, contract management and supplier 
      performance management, we believe Verticalnet XE will meet and exceed 
      their needs today and well into the future. We look forward to helping 
      them continue to improve the cost and quality of healthcare through 
      world-class supply management.”
    
    
      The healthcare leader has licensed the complete Verticalnet XE Suite, 
      which includes:
    
    
      
        Verticalnet® 
        Program Manager – lowers the total 
        cost of ownership and improves productivity through sound and 
        re-usable program and process management. More information can be 
        found at: http://www.verticalnet.com/software/program.asp
      
      
        Verticalnet® 
        Spend Manager – a fast, intelligent, 
        and repeatable solution for identifying, evaluating, and quantifying 
        enterprise-wide sourcing opportunities while measuring compliance. For 
        more information, visit: http://www.verticalnet.com/software/spend_analysis.asp
      
      
        Verticalnet® 
        Negotiation Manager – accelerates 
        and improves negotiated savings through online auctions and eRFX 
        events. For more information, visit: http://www.verticalnet.com/software/supplier_negotiation.asp
      
      
        Verticalnet® 
        Contract Manager – provides 
        real-time insights into contract obligations, exposures, expirations, 
        changes and renewals delivering greater control, reducing costly 
        oversights and minimizing supplier risk. For more information, visit: http://www.verticalnet.com/software/contract_management.asp
      
      
        Verticalnet® 
        Performance Manager – enables 
        companies to effectively track and manage supplier performance, 
        contract compliance and identify potential areas of supplier risk. For 
        more information, visit: http://www.verticalnet.com/software/supplier_performance.asp
      
    
    
      About Verticalnet
    
    
      Verticalnet is a leading provider of supply management solutions that 
      enable companies to identify and realize sustained value across the 
      supply management lifecycle. Going beyond traditional spend management 
      and sourcing approaches, Verticalnet’s 
      solutions provide the visibility, insight and process control required 
      to maximize the sustained value realization from supply management. 
      Large enough to help customers attain supply management success 
      worldwide, yet nimble enough to provide individual attention and remain 
      focused on customer priorities, Verticalnet is helping leading Global 
      2000 companies and mid-market enterprises move their supply management 
      efforts to the next level through an optimal blend of software, 
      comprehensive services, and deep category knowledge and domain expertise.
    
    
      To learn more, please visit us at www.verticalnet.com
    
    
      Verticalnet is a registered trademark or a trademark in the United 
      States and other countries of Vert Tech LLC
    
  
Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on demand
supply management solutions, today announced that a Fortune 100
healthcare company has signed a multi-year subscription agreement for
the Verticalnet XE suite of supply management solutions. In addition
the company has also engaged Verticalnet to perform a Spend
Opportunity Assessment to help the company define their 2007 supply
management objectives.

   The healthcare company selected Verticalnet after an exhaustive
and competitive evaluation that included many of the other major
on-premise and software as a service (SaaS) vendors. The company's
selection was driven by the fact that Verticalnet stood apart from all
other vendors because of their fully integrated suite of on-demand
solutions. The Verticalnet XE suite will be able to streamline the
customer's current sourcing workflow, automate their sourcing
initiatives, advance contract execution and better manage suppliers
from multiple levels of their organization.

   "We are excited that Verticalnet XE has been selected to be the
total supply management solution for this leading healthcare company,"
said Nathanael V. Lentz, Verticalnet president and CEO. "As a
forward-thinking supply management organization, they required a
solution to automate their entire sourcing process. From spend
analysis, through supplier negotiation, contract management and
supplier performance management, we believe Verticalnet XE will meet
and exceed their needs today and well into the future. We look forward
to helping them continue to improve the cost and quality of healthcare
through world-class supply management."

   The healthcare leader has licensed the complete Verticalnet XE
Suite, which includes:

   --  Verticalnet(R) Program Manager - lowers the total cost of
        ownership and improves productivity through sound and
        re-usable program and process management. More information can
        be found at: http://www.verticalnet.com/software/program.asp

   --  Verticalnet(R) Spend Manager - a fast, intelligent, and
        repeatable solution for identifying, evaluating, and
        quantifying enterprise-wide sourcing opportunities while
        measuring compliance. For more information, visit:
        http://www.verticalnet.com/software/spend_analysis.asp

   --  Verticalnet(R) Negotiation Manager - accelerates and improves
        negotiated savings through online auctions and eRFX events.
        For more information, visit:
        http://www.verticalnet.com/software/supplier_negotiation.asp

   --  Verticalnet(R) Contract Manager - provides real-time insights
        into contract obligations, exposures, expirations, changes and
        renewals delivering greater control, reducing costly
        oversights and minimizing supplier risk. For more information,
        visit:
        http://www.verticalnet.com/software/contract_management.asp

   --  Verticalnet(R) Performance Manager - enables companies to
        effectively track and manage supplier performance, contract
        compliance and identify potential areas of supplier risk. For
        more information, visit:
        http://www.verticalnet.com/software/supplier_performance.asp

   About Verticalnet

   Verticalnet is a leading provider of supply management solutions
that enable companies to identify and realize sustained value across
the supply management lifecycle. Going beyond traditional spend
management and sourcing approaches, Verticalnet's solutions provide
the visibility, insight and process control required to maximize the
sustained value realization from supply management. Large enough to
help customers attain supply management success worldwide, yet nimble
enough to provide individual attention and remain focused on customer
priorities, Verticalnet is helping leading Global 2000 companies and
mid-market enterprises move their supply management efforts to the
next level through an optimal blend of software, comprehensive
services, and deep category knowledge and domain expertise.

   To learn more, please visit us at www.verticalnet.com

   Verticalnet is a registered trademark or a trademark in the United
States and other countries of Vert Tech LLC