SAN FRANCISCO, Ca., iSource Summit Booth #215 — Noosh, Inc., (www.noosh.com) a leading provider of collaborative e-Business solutions today announced that customer transaction volume in the fourth quarter of fiscal 2000 grew nearly 50% to $24.1 million, from $16.1 million in the third quarter of fiscal 2000. During the second and first quarter of fiscal 2000, the noosh.com service processed $9.2 million and $3.0 million respectively. Also announced today, was news that iSource Magazine has recognized Noosh as one of the Top 100 Leaders in the B2B supply-chain market. And, Noosh President and CEO, Ofer Ben-Shachar was chosen as one of the Top 50 eProcurement Leaders for the year 2000 . Noosh will be demonstrating the award winning noosh.com service at the iSource Summit in San Francisco, January 8-10, 2001 in Booth #215.
"In just five quarters since our launch, our customers have enthusiastically adopted noosh.com as a major component in their e-Business strategy," said Ben-Shachar. "These results validate that our customers can rapidly deploy Noosh and start to realize financial benefits in time-frames much shorter than for other e-Business solutions."
In fiscal 2000, over 50 buying organizations and nearly 250 print and enterprise communications suppliers actively transacted business using noosh.com. Currently, more than 2500 individuals from some of the most prominent global 1000 companies have Noosh accounts.
"Since first deploying Noosh in April, our transaction volume has grown at a 225% compounded quarterly growth rate. The service is now used by 18 purchasing locations and we have used Noosh to manage orders with nearly 100 suppliers," said Jerry Marcus, Managing Director of GE Equity. "With a bias to fast deployment and their use of GE's Six Sigma quality tools, Noosh has proven to be one of our leading e-Commerce partners."
Thirteen print suppliers have processed transactions valued at over $1 million through the noosh.com service in fiscal 2000 — the largest was ColorGraphics with $4.5 million in Noosh transactions.
"We run a large volume of transactions using noosh.com," said Bruce Frost, Managing Director of ColorGraphics' San Francisco facility. "Noosh has uniquely positioned itself in the B2B eCommerce space by delivering superior services that benefit us and, very importantly, our customers."
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