Asia PR News

SINGAPORE, Feb. 27 /PRNewswire-AsiaNet/ –

Analysts Predict Rising Demand for Supplier Networks;
Customers Automating 100% of Spend

Quadrem International ( http://www.quadrem.com ) announced its 2006
revenues were up 18% year-over-year, bringing the company’s profits to new
highs. The value of transactions flowing through the procurement platform in
calendar year 2006 reached more than two million purchase orders worth USD
$13.6 billion in goods and services.

Quadrem’s momentum exemplifies what industry analysts predict will be a
bullish market for supplier networks. Gartner’s Debbie Wilson stated in Gartner
Predicts 2007, "The supplier network management marketplace will blossom" and
current leaders will experience significant growth between 2007 and 2009.
Similarly, in Forrester’s December 2006 Teleconference The Spend Management
Market, Andrew Bartels identified supplier networks as one of the
fastest-growing technology categories and named Quadrem a leading supplier
network.

Several customers are on track to use Quadrem’s procurement platform to
automate purchasing for 100% of their goods and services — billions in spend
per customer — within the next 18 months. In addition, Quadrem’s e-sourcing
platform continues to expand rapidly. Quadrem facilitates more than 20,000 RFx
events per month across an ever-growing global network of buyers and suppliers.
Currently Quadrem has approximately 47,000 suppliers connected to over 700
purchasing locations around the world.

"New customer wins in Oil and Gas, the BPO space, and Mining and Metals
have yielded our strong performance in 2006 and positioned us for growth in
2007," said Quadrem CEO Charles Jackson. "We are the only provider delivering a
consistent level of service world-wide, including in developing world
environments. Global supplier enablement continues to be a differentiator as we
sell to international organizations looking to conduct business electronically
with all of their suppliers."

Recently Inc. Magazine and Red Herring highlighted Quadrem’s unique ability
to connect rural suppliers in South Africa to a buying community of Global 1000
Companies. In 2007, Quadrem is expanding its presence in other areas of Africa
including Ghana, Zambia, Namibia and the Democratic Republic of Congo.

SOURCE: Quadrem International

CONTACT: Katherine Kirkpatrick,
+1-972-543-8044, or
kkirkpatrick@quadrem.com or

Choon Boon Heng,
+65-6725-6465, or
cheng@quadrem.com

both of Quadrem International

Web site: http://www.quadrem.com

BRISBANE, Feb. 27 /PRNewswire-AsiaNet/ –

Analysts Predict Rising Demand for Supplier Networks; Customers Automating
100% of Spend

Quadrem International (http://www.quadrem.com ) announced its 2006 revenues
were up 18% year-over-year, bringing the company’s profits to new highs. The
value of transactions flowing through the procurement platform in calendar year
2006 reached more than two million purchase orders worth USD $13.6 billion in
goods and services.

Quadrem’s momentum exemplifies what industry analysts predict will be a
bullish market for supplier networks. Gartner’s Debbie Wilson stated in
Gartner Predicts 2007, "The supplier network management marketplace will
blossom" and current leaders will experience significant growth between 2007
and 2009. Similarly, in Forrester’s December 2006 Teleconference The Spend
Management Market, Andrew Bartels identified supplier networks as one of the
fastest-growing technology categories and named Quadrem a leading supplier
network.

Several customers are on track to use Quadrem’s procurement platform to
automate purchasing for 100% of their goods and services — billions in spend
per customer — within the next 18 months. In addition, Quadrem’s e-sourcing
platform continues to expand rapidly. Quadrem facilitates more than 20,000 RFx
events per month across an ever-growing global network of buyers and
suppliers. Currently Quadrem has approximately 47,000 suppliers connected to
over 700 purchasing locations around the world.

"New customer wins in Oil and Gas, the BPO space, and Mining and Metals
have yielded our strong performance in 2006 and positioned us for growth in
2007," said Quadrem CEO Charles Jackson. "We are the only provider delivering
a consistent level of service world-wide, including in developing world
environments. Global supplier enablement continues to be a differentiator as
we sell to international organizations looking to conduct business
electronically with all of their suppliers."

Recently Inc. Magazine and Red Herring highlighted Quadrem’s unique
ability to connect rural suppliers in South Africa to a buying community of
Global 1000 Companies. In 2007, Quadrem is expanding its presence in other
areas of Africa including Ghana, Zambia, Namibia and the Democratic Republic
of Congo.

SOURCE: Quadrem International

CONTACT:
Katherine Kirkpatrick,
+1-972-543-8044, or
kkirkpatrick@quadrem.com , or

Carl Mitchell-Turner,
+61-7-3034-3400, or
cmitchellturner@quadrem.com ,
both of Quadrem International
Web site: http://www.quadrem.com