Quadrem 2006 Revenues Up 18%, Throughput Reaches $13.6 Billion

Quadrem 2006 Revenues Up 18%, Throughput Reaches $13.6 Billion

February 27, 2007

Analysts Predict Rising Demand for Supplier Networks;
Customers Automating 100% of Spend


    SINGAPORE, Feb. 27 /Xinhua-PRNewswire/ -- Quadrem
International (http://www.quadrem.com ) announced its 2006
revenues were up 18% year-over-year, bringing the company's
profits to new highs. The value of transactions flowing
through the procurement platform in calendar year 2006
reached more than two million purchase orders worth USD
$13.6 billion in goods and services. 

    Quadrem's momentum exemplifies what industry analysts
predict will be a bullish market for supplier networks.
Gartner's Debbie Wilson stated in Gartner Predicts 2007,
"The supplier network management marketplace will
blossom" and current leaders will experience
significant growth between 2007 and 2009. Similarly, in
Forrester's December 2006 Teleconference The Spend
Management Market, Andrew Bartels identified supplier
networks as one of the fastest-growing technology
categories and named Quadrem a leading supplier network.

    Several customers are on track to use Quadrem's
procurement platform to automate purchasing for 100% of
their goods and services -- billions in spend per customer
-- within the next 18 months. In addition, Quadrem's
e-sourcing platform continues to expand rapidly. Quadrem
facilitates more than 20,000 RFx events per month across an
ever-growing global network of buyers and suppliers.
Currently Quadrem has approximately 47,000 suppliers
connected to over 700 purchasing locations around the
world. 

    "New customer wins in Oil and Gas, the BPO space,
and Mining and Metals have yielded our strong performance
in 2006 and positioned us for growth in 2007," said
Quadrem CEO Charles Jackson. "We are the only provider
delivering a consistent level of service world-wide,
including in developing world environments. Global supplier
enablement continues to be a differentiator as we sell to
international organizations looking to conduct business
electronically with all of their suppliers."

    Recently Inc. Magazine and Red Herring highlighted
Quadrem's unique ability to connect rural suppliers in
South Africa to a buying community of Global 1000
Companies. In 2007, Quadrem is expanding its presence in
other areas of Africa including Ghana, Zambia, Namibia and
the Democratic Republic of Congo. 


    For more information, please contact:

     Katherine Kirkpatrick
     Quadrem International
     Tel:    [phone]
     Email:  [e-mail]

     Choon Boon Heng
     Quadrem International
     Tel:    [phone]
     Email:  [e-mail] 


SOURCE  Quadrem International