FOR IMMEDIATE RELEASE
CombineNet Announces Partnership with Telwares to Create Rapid Bottom Line Savings
across Top Enterprise Expense Management Categories
PITTSBURGH, PA — December 10, 2008
CombineNet, the leading provider of advanced sourcing and optimization technologies,
and Telwares, the premier provider of telecommunications
spend management solutions, are pleased to announce a partnership that will
create a new standard of performance for telecommunications and IT sourcing and
expense management.
To help companies find and implement new cost savings opportunities in today’s difficult
economic climate, Telwares and CombineNet are able to offer clients a rapid approach
to generating enhanced savings in telecom, IT and beyond. Clients will realize immediate
benefits from Telwares’ unmatched expertise, resources and processes for sourcing
and management of enterprise expenses, and leverage the Expressive Bidding®
and "what if?" scenario optimization technologies of CombineNet to maximize and
expedite the results.
This is a transformational partnership in the telecom and IT sourcing space, and
a strong reinforcement that Telwares continues to drive market leadership and innovation”
said Dave Muller, President of Telwares. "CombineNet’s patented technology and processes
have already successfully reduced their clients’ expenses by billions of dollars.
Integrating this technology with Telwares’ unmatched expertise will quickly deliver
even more effective and operationally-practical sourcing solutions. CombineNet has
cracked the code on truly optimizing complex sourcing events, and provides the analytical
horsepower that will enable our clients to increase savings not only in traditional
telecom, but in other categories of expense management as well."
Telwares is the recognized leader in the telecommunications sourcing and expense
management space, with unrivaled expertise and experience" said Tony Bonidy, CombineNet
President and CEO. "CombineNet's sourcing optimization solutions are a perfect complement
to Telwares’ strategic approach to managing enterprise telecommunications and IT
expenditures, and our partnership will provide companies with a new level of savings
opportunities."
The strategic sourcing, procurement and management of enterprise expenses is a complex
and difficult process, especially when accommodating practical considerations such
as business to business relationships, technology requirements, business preferences
and global operational constraints. These considerations create weeks or months
of analysis efforts, and require significant resources to complete. This new partnership
will enable Telwares consultants and customers to leverage CombineNet’s Expressive
Bidding capabilities to uncover more supplier value and efficiency through creative,
flexible bidding responses that go well beyond the capabilities of online reverse
auctions and other e-sourcing tools, and evaluate thousands of sourcing scenarios
quickly using CombineNet’s optimization technologies, reducing months of analysis
time to a matter of minutes. The result will be faster execution, more detailed
analysis of sourcing options, and more savings to the bottom line.
About Telwares
Telwares is the leading provider of telecommunications
spend management solutions to the Global 2000. Headquartered in Parsippany,
NJ, Telwares serves the TEM industry’s largest client base representing every industry
across the globe. Telwares currently holds $6.6 billion of telecom services under
management and has saved clients more than $5 billion from the $15 billion of contracts
negotiated. Telwares customers additionally profit through the expertise of a management
team comprised of experts and thought leaders well known to the industry. For more
information, visit www.telwares.com.
About CombineNet
CombineNet, the advanced sourcing technology company, helps companies achieve the absolute best value and lowest total cost of ownership for goods and services. CombineNet's Advanced Sourcing Application Platform enables companies to engage in Expressive Commerce™, the strategic sourcing initiative that allows buyers and sellers to communicate supply and demand more expressively, collaboratively and strategically. The result is a win-win for both buyer and supplier, where greater innovation and efficiency are driven into the supply chain. CombineNet's ASAP consistently produces 10, 15, even 20 percent greater actual cost savings than other e-sourcing solutions, and has delivered more than 45x ROI for the largest businesses in the world including General Mills, PepsiCo, Procter & Gamble, Siemens and others. For more information, visit www.combinenet.com.
Media Contacts:
Greg Holt
CombineNet Inc.
Director of Marketing
Phone: 412.471.8200
gholt@combinenet.com