Ketera Introduces Solutions Optimized to Help Mid-Sized Businesses Control Spending

Based on a Proven Technology Platform That Processed and Analyzed $1.7 Trillion
in Spend Last Year Alone
SAN JOSE, Calif.--(Business Wire)--
Ketera Technologies, leading provider of on demand spend management solutions,
announces today the latest release of its web-based procurement solution which
extends the benefits of spend management to mid-sized companies. Ketera
Procurement-with speed-to-value and ease-of-use that revolutionized
procurement-offers the most intuitive interface to manage the procurement
process, as well as unprecedented insights into spending patterns. For the first
time, solutions based on a proven enterprise class platform are accessible to
companies that must balance ease of adoption and affordability with capacity for
growth.

The core of Ketera`s approach to procurement is the Ketera Network™, a unique
community of over 250,000 members where buyers connect with suppliers to do
business more efficiently than ever before. The Ketera Network provides a
trusted community that offers to meet any procurement challenge and allows
companies to see the benefits of Ketera procurement quickly and easily. The
Ketera Network supports supplier discovery, collaboration on RFP`s, reverse
auctions, invoicing, supplier information management, and supplier performance
management.

To drive maximum efficiency, every business, regardless of size, needs access to
leading-edge technology. Ketera blends world-class procurement functionality in
a solution that is easy to evaluate, buy, deploy, and support. New capabilities
designed expressly for mid-sized businesses include:

* Self-service provisioning and application set-up that speeds start up tasks
from a day to an hour and enables ongoing self-administration of users,
organizations, and other key components
* Pre-configured workflow rules based on best practices proven in mid-sized
companies
* Budgetary constraints by cost center that drive alerts to the purchasing and
finance teams as limits are approached and can prevent any new orders that will
exceed the budget
* User selectable Basic/Advanced browser interface that enables quick adoption
and selectively exposes richer functionality to power users
* Built-in Ketera Network connection to our ready community of categorized
suppliers that simplifies identification of better sources of supply

"Ketera has changed the way companies are able to do business," says Ketera CEO
Steve Savignano. "Our products have proven their worth with some really
high-profile businesses, saving them hundreds of millions of dollars. This
experience has allowed us to cultivate an extensive network of suppliers. By
delivering the most intuitive procurement application and marrying it to a ready
network of suppliers eager to serve the needs of midmarket buyers, we`ve managed
to bring winning resources used by the biggest powerhouses to companies of any
size. That really changes the landscape of procurement."

Utilizing a software-as-a-service (SaaS) approach to spend management, Ketera
provides a functional and affordable platform that enables companies to get
started quickly without high configuration costs typical of other software
packages. "And ultimately," adds Mike Gardner, Ketera`s VP of Products, "Ketera
solutions have a wide-reaching functionality that means it`s not a one-time or
one-size-fits-all solution. As companies grow, our solutions can easily be
right-sized to their specific needs. For example, maturing companies often
choose to move from basic workflows to advanced custom workflows, and we`ve
proven our flexibility to adapt to any routing rule and integrate to any system
time after time."

Ketera's On Demand Procurement platform is the fastest, easiest, and most
comprehensive solution to use when buying for your business. And Ketera is now
adding over 40 new customers each month. To join in and get started, visit
http://www.ketera.com/procurement/index.html.

About Ketera®

Ketera is the leading provider of On Demand Spend Management solutions. The
company's groundbreaking vision and software-as-a-service (SaaS) offerings are
changing the economics of spend management, enabling businesses to control and
reduce corporate spending as well as access the world's fastest growing
community of buyers and suppliers. Ketera provides a complete suite of
applications, services and community networks 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. 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 the Ketera Spend Management suite of services and the
Ketera Network, please visit: www.ketera.com.

Ketera
Chris Newton, 408-572-9433

Copyright Business Wire 2009