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Cirqit & MarketMile Partner To Bring Print e-Procurement to Middle-Market

Press release from the issuing company

Joint Solution Provides Guaranteed Hard-Dollar Savings in Key Spend Category MOUNTAIN VIEW, Calif.--April 24, 2002--MarketMile, LLC, an e-Procurement service provider and Cirqit, a leading provider of Print e-Procurement solutions and services announced today a joint offering aimed at the requirements of middle-market organizations. "Cirqit and MarketMile will provide substantial costs savings to buyers in the print spend category. This unique combination of software and services will deliver meaningful hard cost savings to our joint customers," said Mark Hausser, president, CEO and founding partner of Cirqit. "We are excited about the partnership with MarketMile," continued Hausser. "MarketMile's continued momentum in the middle market and relationships with companies like American Express and IBM prove that middle-market customers find their solutions very compelling." "MarketMile is expanding it's value proposition by providing access to complex categories of spend that are service rather than catalog based," said John Corsi, Vice President, Channel Sales and Supplier Relations, MarketMile, LLC. "Cirqit has a mature solution and impressive track record in the print category, making them a natural partner for our solution. In addition, their willingness to guarantee savings to our clients makes them an exciting addition to our network of partners." Cirqit provides a hosted e-Procurement solution specifically for the print spend category. Cirqit enables print buyers to specify parameters for multiple types of printing needs (collateral, documents, forms, etc.) and source printing jobs among a pre-defined network of suppliers. Cirqit will enable print suppliers at the request of the buyer. Cirqit's customers have seen immediate hard-dollar savings as high as 30% and averaged a 5x investment return, proving that Cirqit's domain expertise and balanced approach delivers substantial savings. With the joint offering, MarketMile customers will gain access to the Cirqit software and services to source and monitor print orders while completing the approval process and fulfilling the transaction via MarketMile's hosted e-Procurement solution. The combined offering will be available at the end of May. MarketMile customers will access the Cirqit procurement solution by leveraging PunchOut technology. The solution will be offered by MarketMile and is also included as part of MarketMile's joint solution announced recently with IBM. IBM's Leveraged Procurement Services provides hard-dollar cost savings by combining a full cycle sourcing and e-Procurement solution. MarketMile provides the e-Procurement solution powering the service targeted at the needs of middle-market organizations.