BravoSolution Posts Record Revenue

Economic Challenges Accelerate Growth as Companies Worldwide Tap Strategic
Supply Management for Immediate and Sustainable Financial Improvement
MALVERN, Pa.--(Business Wire)--
BravoSolution (www.bravosolution.com), the world leader in Supply Management
software and services, continued its rapid growth in fiscal 2008 with a
remarkable 38% percent surge in revenue, considerable expansion of its
international presence and successful penetration into new markets. In 2008
BravoSolution added offices in the United States, The Netherlands, and Mexico to
complement existing operations in Italy, Spain, France, China, and the UK.

Despite reduced global IT and professional services spending, the company posted
record revenues of $68.3 million, its fifth consecutive year of profitable
growth. Having nearly doubled its size in the past 2 years BravoSolution today
is an increasingly diverse company offering ever more sophisticated solutions to
the evolving needs of its best in class customers.

"In the current economy, finding, achieving, and sustaining meaningful cost
savings is more important than ever for businesses throughout the world," said
Nader Sabbaghian, BravoSolution CEO. "This reality drives market demand for our
best-in-class supply management solutions, proven to deliver rapid tangible
benefits to organizations of all sizes and sectors. Our ability to assist our
clients under such challenging economic conditions will continue to be the key
measure of our success in the coming year."

Customer acquisitions and transactions

BravoSolution is seeing widespread adoption around the globe, with a remarkable
increase in new customers from leading businesses in every field, public and
private. In 2008, more than 400 companies across dozens of industries and sizes
used BravoSolution`s suite of solutions and services to drive their supply
management strategies including advanced spend visibility, complex category
sourcing, innovative eSourcing techniques, supplier performance and risk
management, contract management, and process oversight. Bravosolution added more
than 100 new organizations to its list of clients last year, including Axa,
Catalent Pharma Solutions, Compass, Veolia, RTE, The Crown Estates, RJReynolds,
and Sodexo and retained 95% of customers up for renewal in 2008.

In 2008 alone over 20,000 procurement professionals used BravoSolution
technology to manage in excess of $450 Billion in spending within their global
supply chain. More than 230,000 suppliers worldwide are currently managed
through BravoSolution tools for eSourcing, vendor registration, contract
management, and strategic vendor performance management activities.

BravoSolution is proud to support a portfolio of leading client organizations
worldwide including Delta Air Lines, EDF Energy, Hanesbrands, L`Oreal, PepsiCo,
United Airlines, and Unilever.

SaaS builds from a strong base

Having pioneered software as a service (SaaS) delivery in the supply management
space, BravoSolution continues to dominate in this marketplace with a robust,
flexible, secure and cost effective solution offering. BravoSolution sees
significant growth opportunities in SaaS as more and more organizations look to
leverage the proven benefits of SaaS as part of their IT investment strategy.

Continued Growth in 2009

BravoSolution enjoyed considerable geographic growth in 2008, expanding
internationally through both acquisitions and new-office openings. The company`s
comprehensive technology footprint combined with its broad international
presence will allow it to provide a unique and highly competitive offering to
multi-national organizations where significant local implementation support is a
key requirement for enterprise-wide adoption of strategic sourcing solutions.
BravoSolution forecasts continued growth in 2009 in spite of the global economic
downturn.

BravoSolution figures:

About BravoSolution

> BravoSolution is a leading international provider of Supply Management
Excellence, delivered through software, professional services and category
expertise

> 12 officesin 8 countries (United States, China, France, Italy, Mexico, The
Netherlands, Spain, and United Kingdom) across 3 continents

> 420 employees from 37 nationalities

>400 clients in 30 countries

> Supply management software used by over 20,000 procurement professionals and
230,000 suppliers worldwide

BravoSolution
Press office:
Liz Flynn
l.flynn@bravosolution.com
www.bravosolution.com
or
Media:
George Robertson
grobertson@corporateink.com

Copyright Business Wire 2009