Philadelphia, PA - March 26, 2008 - Procurement outsourcing specialist ICG Commerce today announced that it has been recognized by The International Association of Outsourcing Professionals (IAOP) as one of the world's top outsourcing service providers for 2008. ICG Commerce was the only procurement outsourcing specialist to be recognized among the IAOP Global Outsourcing 100, a testament to its best-in-class procurement outsourcing capabilities and commitment to helping companies deliver significant cost reductions and improve control over their non-core expenditures. ICG Commerce customers include Fortune 1000 companies such as Kimberly-Clark, Goodyear, Cameron, Greif, and many others.

Procurement outsourcing is a growing trend among leading companies that are looking to drive meaningful bottom line cost improvements based on the strength of the value proposition. According to a recent report by Everest Research Group, the savings potential from procurement outsourcing is five times greater than other outsourcing programs such as HR and Finance & Accounting. ICG Commerce's recognition among the IAOP Global Outsourcing 100 is driven by the company's reputation for service excellence and proven ability to deliver against the procurement outsourcing value proposition and is evidenced by the company's portfolio of strong customer references and unmatched contract renewal rate.

"Getting selected to the Global Outsourcing 100 shows these companies came out on top following a rigorous application process and unbiased competition judged by an independent panel of recognized industry leaders in outsourcing," says Jagdish Dalal, Managing Director, Thought Leadership, IAOP and chairman of the judges' panel. "The Global Outsourcing 100 list has become the definitive go-to resource that companies use to make better informed outsourcing decisions and comparisons of providers," says Michael F. Corbett, Chairman, IAOP.

"It's an honor to be recognized by the International Association of Outsourcing Professionals among the top outsourcing providers in the world," said Carl Guarino, CEO of ICG Commerce. "The award acknowledges the increasingly important contribution procurement outsourcing is making to companies' financial performance while reflecting our track record of delivering measurable results."