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HigherMarkets to Gain Print e-Procurement Solution Via NOOSH

Press release from the issuing company

SAN FRANCISCO and PALO ALTO, CA., — September 10th, 2001 — HigherMarkets, a leading provider of e-Commerce solutions designed specifically for higher education, announced today that it has selected Noosh, Inc., (www.noosh.com) a provider of award-winning e-Business software, to power its collaborative procurement solution for print and print-related services and materials. HigherMarkets will offer its customers the ability to electronically procure print services by making Noosh's fully integrated e-Print services available through the HigherMarkets e-Procurement Solution. By accessing print services through the HigherMarkets e-Procurement Solution, customers will be able to procure, source, and track print services and materials within their existing e-procurement framework. The additional service is immediately available to HigherMarkets' customer base and can be rapidly incorporated into an institution's e-business strategy. "Our customers do not want to turn to multiple vendors to address their procurement and e-business strategies," said Dorrian Porter, Vice President of Corporate Development at HigherMarkets. "After an extensive review of print procurement providers, we selected Noosh to power our print procurement solution because of its market leadership and easy-to-use technology." Because the production and procurement of communications and print materials is a critical component of higher education institutions, universities that replace manual, time- consuming processes with Internet-based collaborative systems can realize dramatic economic advantages. The print service offered by HigherMarkets, powered by Noosh, leverages the Internet to create a powerful, collaborative environment where buyers and their suppliers, printers, creative agencies, and others can work together more efficiently and productively, reducing the cost to manage and procure marketing materials and services by up to 25%. "The opportunity for improved efficiency in the B2E supply chain is enormous," said Dave Hannebrink," Senior Vice President of Noosh. "We are pleased that HigherMarkets has selected Noosh to power its print procurement functionality and look forward to helping them deliver enhanced efficiencies for the higher education marketplace." About HigherMarkets HigherMarkets is a leading provider of e-Commerce solutions designed specifically for higher education. The company delivers a comprehensive e-Procurement product that is supported by a wide array of resources, professional services, and carefully selected partnerships, including a preferred provider relationship with IBM Global Services. The HigherMarkets e-Procurement Solution combines hosted e-procurement, sourcing, and reporting tools with supplier enablement services, procurement optimization, and a vibrant Internet community for institutional purchasers. For information on how to join colleges and universities across North America that are successfully conducting e-procurement transactions over the HigherMarkets platform, visit www.highermarkets.com.

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