ICGE - MK 135 Mio. € - innerer Wert 700 Mio. € !
Contract Underscores Breadth and Depth of Procurian's Specialized Procurement Infrastructure
PHILADELPHIA, April 24, 2012 (GLOBE NEWSWIRE) -- Procurian, formerly ICG Commerce, and Genpact Limited (NYSE:G) announced today that they have been selected to deliver a global, comprehensive Source-to-Pay solution to Zurich Insurance Company Ltd and its subsidiaries (Zurich), a leading multi-line insurance provider. Together with its long-standing partner Genpact, Procurian, the leading comprehensive procurement solutions provider, will help Zurich reduce costs and continuously optimize spending in the areas of IT, professional services, marketing, HR, facilities and travel.
Zurich will leverage Procurian's Specialized Procurement InfrastructureTM enhanced by Genpact's Smart Enterprise Processes (SEPSM) framework to transform Zurich's procurement capabilities globally. In partnership, Procurian and Genpact are focused on helping clients transform Procurement into a strategic function that delivers measurable savings and fuels growth.
Procurian will help drive further cost optimizations and generate greater value for Zurich's business. It brings a specialized infrastructure powered by deep supply market intelligence while Genpact brings a proven track record of maximizing the effectiveness of source-to-pay processes and deep domain expertise in the financial services and insurance industries.
"This contract brings together all of the elements required to extract value from a company's source-to-pay activities on a truly global scale, including the expertise to address all spend and capabilities and deploy an integrated solution across the client's worldwide operations," said Bill Huber, Partner, ISG.
About Procurian, Inc.
Procurian is the leading specialist in comprehensive procurement solutions. Forward-thinking business leaders partner with Procurian to transform procurement and drive sustainable changes to their cost structures. Global industry leaders, including Kimberly-Clark, Hertz, Symantec, Timken and Whirlpool, have chosen Procurian to accelerate this transformation. Procurian's built-out Specialized Procurement Infrastructure(TM) integrates with businesses to optimize spending and deliver real savings that equal a margin point or more. Procurian is an ICG (ICGE - News) company. For more information, visit www.procurian.com.
The Procurian, Inc. logo is available at http://www.globenewswire.com/newsroom/pr...
About Genpact
Genpact Limited (NYSE:G), a global leader in business process and technology management services, leverages the power of smarter processes, smarter analytics and smarter technology to help its clients drive intelligence across the enterprise. Genpact's Smart Enterprise Processes (SEPSM) framework, its unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Genpact's Smart Decision Services deliver valuable business insights to its clients through targeted analytics, reengineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, Genpact also offers a wide range of technology services. Driven by a passion for process innovation and operational excellence built on its Lean and Six Sigma DNA and the legacy of serving GE for more than 14 years, the company's 55,000+ professionals around the globe deliver services to its more than 600 clients from a network of 57 delivery centers across 16 countries supporting more than 25 languages. For more information, visit www.genpact.com, Follow Genpact on Twitter, Facebook and LinkedIn.
Meanwhile, Procurian (the outsourcer formerly known as ICG Commerce) have been chosen by Zurich, the huge insurance firm, to deliver a,
“ global, comprehensive Source-to-Pay solution to Zurich Insurance Company Ltd and its subsidiaries (Zurich)… Together with its long-standing partner Genpact, Procurian, the leading comprehensive procurement solutions provider, will help Zurich reduce costs and continuously optimize spending in the areas of IT, professional services, marketing, HR, facilities and travel. Zurichwill leverage Procurian’s Specialized Procurement InfrastructureTM enhanced by Genpact’s Smart Enterprise Processes (SEPSM) framework to transform Zurich’s procurement capabilities globally..”
The value of the contract isn’t disclosed, but given the size of Zurich, I would have thought the categories in question are likely to have a spend value of perhaps slightly over a Billion Euros a year? So this is a significant win for Procurian, even more so because although Zurich are global, they are fundamentally a European company with significant operations in Europe (Zurich, London etc.) and quoted on the Swiss Stock Exchange.
Procurian have had Europe in their sights for a while, but most activity so far has been European subsidiaries of US firms – this appears to mark a new phase in their growth. It also supports our hypothesis that procurement outsourcing is finally on a real growth path. But it won’t be organisations outsourcing everything – rather, as in this case, it could well be very significant sub-sets of the entire procurement activity.
• Procurian, GovDelivery and InvestorForce each had record bookings in Q1 2012
• Procurian acquired Neuwing Energy Ventures; GovDelivery acquired GovInteract
• Acquired 96% interest in MSDSonline, building out our government and compliance sector
•To date, repurchased 3.7M shares for $24.3M with $25.7M remaining in our share repurchase program (including repurchasing 133,000 shares to date in Q2 2012 for $1.2M)
Refine Minority Holdings
• Sold Metastorm and StarCite in 2011, yielding ~$80M in cash
• Processes underway to monetize/consolidate remaining minority holdings
sehe ich kritisch, denn vom Prinzip sehe ich hier langfristig die größten Chancen - auch wenn er nicht so ganz in das Plattformkonzept passt. Auch Channelintelligence ist eigentlich technologisch sehr gut, aber kaufmännisch nicht immer optimal geführt. Whitefence sollte man bei einem einigermaßen guten Preis verkaufen.
Long-Term Financial Goals
By YE 2015: attain revenue run-rate of $500M with 15% EBITDA margin generated by 3 to 5 platforms.
Govdelivery - Get the word out
Leading Digital Communication Platform for Government
• 500+ govt. agencies on SaaS platform
o 30 million+ citizens receive updates from govt. through GovDelivery
o 15-25 million email/SMS/RSS/Phone/Social Media messages per day
o Adding 20,000 new subscribers per day
• Acquired GovInteract in late 2011:
o Proven multi-channel emergency communication solution
o Complete Web solution for small governments
o Bringing dialing capabilities into GovDelivery DCM
Addressable Market and Market Share :
Addressable Market: $250-350M
Market Share: <8%
That are revenues of about 25 million.
Excellent: Subsidiary Govloop = Leading Knowledge Network for Government
• 55,000+ people in and around government collaborate to solve problems
• Supported by sponsors and online/offline training events
• Use GovDelivery reach to drive membership, but run independently
Summary of Opportunity
• Clear market leader: Public sector SaaS multi-channel communications platform
• Large, expanding and underpenetrated market
• Sticky application with strong renewal and upsell track-record
• Deep go-to-market and product domain knowledge with unrivaled relationships, unique contract vehicles and access
• Unique technology and customer network barriers to entry
"20 May 2012 | Adam Leach
The amount of global outsourced procurement deals and the value of them have both increased for the second year straight.
Procurement Outsourcing Annual Report 2012 – The PO Market: Steadily Marching Forward, published this week by Everest Group, said the cumulative value of contracts increased by 17 per cent to reach $11 billion (£7 billion). It attributed this to an increase in the average contract value and continued adoption by mid-size companies - those with revenues between $1-$5 billion (£600 million – £3.2 billion)."
freeborders-named-as-rising-star-to-2012-global-outsourcing-100-list
Tuesday, September 11, 2012
Technology and Services Leader Partners with Procurian to Accelerate Savings in order to Fuel Growth
PHILADELPHIA – September 11, 2012 – Leading comprehensive procurement solutions provider, Procurian, formerly ICG Commerce, today announced its contract with Diebold, Incorporated (NYSE:DBD), a global leader in providing integrated self-service delivery and security systems and services, and the largest producer of automated teller machines (ATMs) in North America. Procurian will help Diebold optimize spending in areas including human resources, information technology, capital, travel, legal, marketing, and financial services categories in North America.
“In order to maintain our competitive position, we will continue to innovate in terms of collaborating with our supply partners,” said Linda Parcher, Diebold vice president and chief procurement officer. “By leveraging Procurian’s built-out Specialized Procurement Infrastructure, we can accelerate our ability to manage indirect spend and capture significant savings that can help fund our strategic efforts.”
Diebold is working with Procurian to establish a high-performance capability to improve control, reduce its cost structure and support business growth through more effective procurement. Procurian is focused on helping clients transform procurement into a strategic function that fuels growth through measurable savings and market insights that optimize spending. Procurian’s unique offering provides its clients access to all the components necessary to optimize indirect spend and achieve the highest levels of procurement excellence, including dedicated teams of specialists with deep category expertise, real-time market intelligence, comprehensive processes and a sophisticated set of proprietary tools and technology.
“The Diebold team sees the expanded role procurement can play in helping propel their business,” said Carl Guarino, CEO of Procurian. “We’re excited to help this forward-thinking market leader optimize their discretionary spend.”