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Procuri Ranked No. 2 in Deloitte's Georgia Technology Fast 50 and No. 29 in North America on the 2005 Deloitte Technology Fast 500.

ATLANTA -- Highest Level of Customer Loyalty and Satisfaction and Fastest Growing Customer and Revenue Bases Fuel Awards; Continue in Third Quarter

Procuri, the leader in OnDemand supplier management solutions, is honored with two prestigious awards from Deloitte, one of the nation's leading professional services organizations. The company also announced its continued, rapid customer acquisition in the third quarter with 25 new contracts signed.

Ranked No. 2 in Deloitte's Georgia Technology Fast 50

Procuri ranked second in Deloitte's Technology Fast 50 Program for Georgia, a ranking of the 50 fastest growing technology firms in the state. With a 10,225 percent increase in revenues from 2000 to 2004, Procuri far exceed the average 1,161 percent increase for this region.

"Deloitte's Georgia Technology Fast 50 companies have shown the strength, vision and temerity to succeed in today's very competitive technology environment," said Thomas McNulty, Partner, Deloitte & Touche LLP in Atlanta. "We applaud the successes of Procuri and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."

Ranked No. 29 in Deloitte's North America Technology Fast 500

Based on Procuri's revenue growth for the last five years, the company ranked 29 in Deloitte's North America Technology Fast 500, the highest in Procuri's industry.

"Making the Deloitte Technology Fast 500 is commendable in today's highly competitive technology industry," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media and Telecommunications industry practice. "We congratulate Procuri on being one of the 500 fastest growing technology companies in North America."

25 New Customer Agreements Signed in Third Quarter

Continuing Procuri's rapid growth, the company signed 25 new customer contracts in the third quarter. New customers joining Procuri's customer base include National Air Traffic Services (NATS), NewPage Corporation, Pilot Travel Centers LLC, QuickTel and Vivo Consulting.

"The Deloitte awards and continued customer acquisition rates simply reinforce Procuri as the clear market leader in OnDemand supplier management. The software-as-a-service business model, self-sufficient services approach and state-of-the-art technology allow our customers to meet their unique requirements and grow their businesses worldwide," said Mark Morel, Procuri's president and CEO.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.

About Procuri

Procuri leads the Enterprise Supplier Management industry with a nearly perfect record of customer retention of more than 300 customers of all sizes, industries, geographies and spend categories. Customers include Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, The McGraw-Hill Companies, Newell Rubbermaid, Sun Microsystems and Toyota Motor Sales. Procuri's OnDemand solutions for spend analysis, supplier management, strategic sourcing, contract management and compliance are comprehensive, cost effective and instantly available. For more information, call 1-877-360-1600 or visit
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Publication:Business Wire
Date:Oct 24, 2005
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