IQNavigator Delivers Record Client Acquisitions Resulting in $1.23B in Spend in Q1

265 Percent Yearly Increase in Sales Results with Major Marketshare Wins and
Global Expansion
DENVER--(Business Wire)--
IQNavigator, the premium provider of global services procurement solutions and
managed service programs, today announced record quarterly revenues for a 37th
consecutive quarter of profitable revenue growth. With more than $800 million in
client expansion and $423 million in new client contracts, IQNavigator continues
to dominate the Services Procurement industry and demonstrate phenomenal growth
in difficult macro economic conditions.

Key Financial Highlights in Q1

* $7 billion in services spend under management
* Double-digit revenue growth year-over-year
* 265 percent sales bookings growth year-over-year
* 26 percent headcount growth year-over-year

"I`m very pleased with our company`s performance this quarter, especially given
the difficult macro-economic headwinds all sectors are facing," said John P.
Raeder Jr., President and CEO of IQNavigator. "Our record results pushed us
above $7 billion in spend under management, and underscore our position as the
clear market leader in the services procurement sector. Further, our global
solutions, which enable and optimize our vendor-neutral Intelligent MSP
offering, are creating significant cost savings results through fact-based
supplier pricing trends for our Global 2000 clients."

Significant New Client Acquisition

During Q1, IQNavigator closed $1.23 billion in spend in new services procurement
contracts to ensure quantifiable cost savings results, global visibility and
corporate compliance, and top quartile performance metrics for Global 2000
clients. A significant portion of this new spend is reflected in client
up-selling results; a testament to client satisfaction with IQNavigator`s
superior software capabilities, vendor-neutral solutions, and client alignment
that drives business value-based results.

Marketshare Wins and International Growth Drive Positive Outlook in 2009

IQNavigator`s record sales bookings were spurred on by explosive growth in
projects-based expansions across every market including: financial,
manufacturing, travel and transportation, energy industries and a significant
partner win with Manpower as an MSP partner. The company continues its
International growth with well over 50 percent of the new spend contracted in Q1
to be deployed in Asia Pac, Europe, and Canada. Due to the extraordinary results
in Q1, the company has revised its 2009 sales forecast upward to 212 percent
growth year-over-year; and will continue to grow revenues profitably and add an
additional 25 percent headcount to support our strategic platform initiatives.

This spring, IQNavigator celebrates its success and 10th anniversary with a move
to an expanded new headquarters at a state-of-the-art facility in Denver, Colo.

About IQNavigator

IQNavigator is the leading provider of on-demand services procurement software
and managed service programs. The company`s award-winning suite of integrated
applications enable Global 2000 companies such as Charles Schwab, Entergy,
Northrop Grumman, Schlumberger, Shell and Sony Electronics to gain control and
visibility into their large and growing services procurement spending. With
proven domain expertise and innovative technology solutions, IQNavigator can
help clients quickly and easily turn complex services spend into a new source of
value, competitive advantage, and continuous bottom-line improvement. For more
information please visit www.IQNavigator.com.

Ruder Finn
Alex Laurelli, 303-862-9530
withrowa@ruderfinn.com
or
IQNavigator
Ashley Schmidt, 303-563-1603
aschmidt@iqnavigator.com

Copyright Business Wire 2009