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Mellon Selects Printcafe E-Procurement Solution to Buy Print

Press release from the issuing company

PITTSBURGH, July 29 -- Printcafe Software, Inc., the operating system for print, today announced that Mellon Financial Corporation has selected Printcafe's EnterpriseSite solution for managing Web-based commercial print procurement. Mellon joins Printcafe corporate customers AOL Time Warner, Hewlett-Packard, Nestle, and General Motors, among others using EnterpriseSite. Printcafe is a leading provider of software solutions designed specifically for the printing industry supply chain. Printcafe's EnterpriseSite Web solution provides print buyers with a user-friendly interface and the automated tools to generate project specifications, request and approve quotations, select vendors, and centrally manage print jobs by collaborating with their printers online. By streamlining the print procurement process, Printcafe's EnterpriseSite allows print buyers to increase productivity and reduce costs. "One of our main reasons for selecting EnterpriseSite is that it can be customized to meet our unique print procurement needs," said John Obrist, Mellon vice president and director of corporate sourcing. "We believe that EnterpriseSite will enable us to maximize our internal processes, enhance our relationships with our suppliers, and significantly reduce our overall print procurement costs." Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and affluent individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources services and treasury services. Mellon has approximately $2.8 trillion in assets under management, administration or custody, including $588 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. Mellon provided venture capital financing to Printcafe, and holds an ownership position of approximately 16 percent in the company. "Print buying is one of the most significant indirect costs of Fortune 1000 companies," said Marc Olin, president and chief executive officer of Printcafe. "Our EnterpriseSite technology will help Mellon make its print buying processes more visible and apply cost-effective controls more efficiently."