und Cash/Wertpapiere von 140 Millionen machen zusammen schon mehr als 9 Dollar pro Aktie aus.
ICG Commerce Holdings, Inc.
ICG Commerce Holdings, Inc. (ICG Commerce) is a procurement services provider delivering total procurement cost savings through a combination of expertise and hosted technology. ICG Commerce provides a range of solutions to help companies identify savings through sourcing, realize savings through implementation of purchase-to-pay automation and drive continuous improvements through ongoing category management.
ICGCommerce, Freeborders and ChannelIntelligence are the companies with the strongest growth. Revenues of ICGCommerce in 2009 will be about 90 million. By 3-times-revenus = 270 million.
Internet Capital is owning 65% of ICGCommerce = 197 million. ICGCommerce is the most valuable of the partner-companies of Internet Capital.
Take a look at the big growth:
ICG Commerce Increases Spend Under Management 50% to More than $10 Billion Since Start of Economic Crisis
Results Underscore Trend of Fortune 1000 Companies Increasingly Looking to Procurement Outsourcing to Maximize and Accelerate Cost Reductions
PHILADELPHIA - Monday, March 09, 2009 - ICG Commerce, the leading procurement outsourcing specialist,
announced today that the amount of spend the company manages for leading companies spiked to $10.2 billion,
a 50% increase since September 30th of last year. Driving this increase are new or expanded contracts with
industry titans including Whirlpool, Teva Pharmaceuticals, Goodyear, Cameron Industries and a leading software
provider. These contracts are collectively worth $136 MM in total contract value, a 50% increase over the total
value contracted during the full year 2007.
“As current economic conditions force companies to seek additional ways to cut costs, results-oriented leaders
are turning to procurement outsourcing,” said Carl Guarino, Chief Executive Officer, ICG Commerce. “Our recently
accelerated customer activity is a testament to our proven ability to deliver hundreds of millions of dollars in
savings that drop straight to the bottom-line.”
According to the research and advisory firm, The Everest Group, procurement outsourcing delivers 5 times more
savings than other outsourcing endeavors, like IT or HR outsourcing. Unlike these other outsourcing solutions,
which focus on headcount reductions through technology and labor arbitrage, procurement outsourcing focuses on
driving down the costs of purchased goods and services. For many companies these purchases, which fall into
categories, like logistics, marketing services, IT/telecom, packaging and travel, represent over $1 billion of
expenditures.
“Globalization and outsourcing are megatrends that are accelerating dramatically in today’s economic climate,” says
The Hackett Group’s Procurement Research Director, Pierre Mitchell. “Our recent 2009 Procurement Key Issues study
indicates that 50% of Procurement organizations plan to use BPO as part of their globalization efforts.”
For nearly a decade, ICG Commerce has focused on helping Fortune 1000 clients like Kimberly Clark, Hertz, Chiquita,
Greif and many others, expand and accelerate aggressive cost reduction programs. ICG Commerce delivers savings
by infusing sourcing specialists who bring deep category expertise and access to intelligence data that compounds
as they work across numerous Fortune 1000 companies.
About ICG Commerce, Inc.
ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay
services. Results-driven leaders access ICG Commerce’s experienced resources and market intelligence to better
manage procurement and logistics spend, gaining significant savings and enhanced visibility and control. |
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