Ketera Strengthens Management Team to Deliver on Vision of Innovative Spend Management...

Ketera Strengthens Management Team to Deliver on Vision of Innovative Spend Management Community for Buyers and Suppliers

Ketera Surpasses $17 Trillion in Spend Analyzed and More Than $3
Billion in Transactions Processed between Buyers and Suppliers
SAN JOSE, Calif.--(Business Wire)--
Ketera, the leading provider of On Demand Spend Management
solutions, announced today several additions to the management team
that will help fuel Ketera's growth and the advancement of its
innovative spend management solutions. Ryan Ashburn joins Ketera as
Vice President of Sales, Mike Gardner will lead development as Vice
President of Products, and Leslie Cedar returns to the company as Vice
President of Business Development.

In making the announcement Stephen Savignano, Chairman and CEO of
Ketera, said, "As companies look to address the challenging business
environment, solutions such as Ketera's streamline operational
efficiencies and help companies gain the edge they need in a tight
economic climate. Enterprises large and small are looking to take
advantage of cost-effective software-as-a-service offerings as well as
benefit from economies of scale through open access to the
fastest-growing buyer and supplier community in the industry."

Today's announcement is another milestone toward delivering on the
Ketera vision. Savignano continues, "Both Ryan and Mike bring deep
experience in building businesses that leverage communities to
automate cross-company business processes. Leslie brings deep
industry, domain and front-line Ketera selling experience to bear in
building long-term, high-value channel partnerships. This skilled and
proven team has already made a significant impact at Ketera."

Vice President of Sales Ryan Ashburn comes to Ketera after a
13-year tenure at ADP, where he expanded the team and implemented new
organizational and sales processes while helping to achieve strong
growth in ADP's enterprise client base. Ashburn will build out the
Ketera sales team and develop new processes, metrics and strategies to
support Ketera's growth plans.

Vice President of Products Mike Gardner joins the team from
LiveOps, where he was Vice President of Engineering. Gardner also
spent time as Director of Development for eBay, and was responsible
for various parts of the eBay solution related to catalogs and search.

Vice President of Business Development Leslie Cedar returns to the
company from a prior five-year position in Direct Sales, during which
time she worked to successfully develop a significant portion of the
Ketera client base. Prior to Ketera, she worked for ICG Commerce as a
Business Development Director, supporting sales and client delivery.

About Ketera

Ketera is the fastest-growing provider of On Demand Spend
Management solutions, providing companies with the applications,
services and the community needed to control and reduce corporate
spending. Ketera's closed-loop spend management solutions include
applications for spend analysis, sourcing, contract management,
procurement, supplier enablement & content management, supplier
performance management, and invoice management.

Since its inception, Ketera has supported enterprise customers of
all sizes, industries and geographies, including numerous Fortune 500
companies. In 2007, Ketera surpassed $17 trillion in transactions
processed and more than $3 billion in spend analyzed between buyers
and suppliers. Many of the world's leading enterprise companies,
including ServiceMaster, American Express, Kennametal, Con-way, and
Northrop Grumman Corporation, depend on Ketera Spend Management to
deliver real, hard-dollar savings quickly. Ketera's investors include
Kleiner Perkins Caulfield & Byers, Emergence Capital Partners,
Foundation Capital and Integral Capital Partners.

For more information about Ketera and the Ketera Spend Management
suite of services, please visit: http://www.ketera.com.

Kesselring Communications, LLC
for Ketera Technologies Inc.
Leslie Kesselring, 503-358-1012
leslie@kesselring.net

Copyright Business Wire 2008