[March 14, 2012]

Global Demand for Spend Analysis and Strategic Sourcing Leads to Record Year for Supply Management Company

BravoSolution, the spend analysis company, saw record demand for its suite of sourcing and spend management solutions in 2011. The company notched its 8^th consecutive year of profitable growth - growing nearly 100 percent over the past five years.

Procurement and supply chain departments continue to serve as a critical force driving cost savings, mitigating risk and improving company valuation worldwide. In North America, BravoSolution achieved double-digit growth for the 4th consecutive year. The company saw especially high demand for closed-loop spend analysis, with customers consistently turning to BravoSolution for guidance on how to take a more holistic approach to spend analysis.

Additional company highlights include:

• 600 customers worldwide with a 95 percent retention rate.
• More than 50,000 procurement professionals in 60 countries relying on BravoSolution's technology, processes and people.
• Ongoing spend visibility into more than $650 billion worldwide.

"Executive teams at companies across the world are becoming much smarter about procurement. They understand the impact it has on profitability and growth, especially in a volatile economy," said Marc Bergeron, General Manager of BravoSolution U.S. "We continue to see strong demand for our solution and smarts because of our ability to align with and accelerate our client's supply management objectives. The key is meeting our customers where they are with the right combination of peopl, process and technology."

BravoSolution saw tremendous growth worldwide in 2011, including:

• New Market Penetration: The company opened offices in Sao Paulo (Brazil) and Dubai (UAE) to support growing demand in Latin America and the Middle East.
• Public-Sector Leadership: BravoSolution won open tenders to provide spend analysis to the UK Government Procurement Service and a full supply management suite for the Scottish government. The UK government initiative is expected to be the single largest spend analysis project worldwide.
• Immense Customer Growth: BravoSolution won 60 new customers in France alone.

BravoSolution, the spend analysis and high definition sourcing company, provides the tools and expertise procurement executives need to save and spend more money. BravoSolution offers innovative tools and expertise for every aspect of the global supply chain, including eSourcing, supplier performance management and healthcare sourcing. For more information, visit BravoSolution.com.

About BravoSolution

Supply management executives are now, more than ever, under pressure to deliver more savings, develop and manage strategic supplier relationships, accelerate procurement cycles, and maintain process excellence. Confronted with these diverse yet consistent challenges, CPOs and sourcing professionals must seek tailored solutions that deliver rapid ROI to their business.

BravoSolution offers leading software and services to fit the needs of today's sophisticated supply management organizations. Our services organization, one of the world's largest teams of professionals dedicated exclusively to sourcing and procurement consulting, delivers lean, targeted services to support strategic sourcing and procurement initiatives. Our industry leading software toolkit supports the full supply management lifecycle across myriad industries, geographies and business models.

As of today, over 40,000 procurement professionals in 60 different countries are benefiting from BravoSolution's technology and services - unlocking tangible benefits such as increased process efficiency, decision support, cost reduction, improved process governance, greater quality relationships with vendors and the ability to share, understand and act upon the wealth of sourcing-related data held within their organization. Learn more at BravoSolution.com.

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