Company Evolves to Meet the Spend Management Needs of Today's Global Enterprises

SAN JOSE, Calif., May 3, 2004 - SAQQARA® Inc., an innovative provider of commerce data management solutions, announced SAQQARA Commerce Data Management (CDM) for e-Procurement. SAQQARA CDM for e-Procurement is a managed service that enables global enterprises to reach their spend management objectives by providing and maintaining high-quality commerce data. CDM for e-Procurement replaces SAQQARA's Catalog Management Solution (CMS), and signifies an expanded strategic direction for the company, driven by changing customer demands.

Virtually every major corporation is undertaking spend management initiatives because of the tremendous savings that can be achieved. However, these organizations quickly realize that their spend management objectives can only be achieved with high-quality commerce data -- the combination of product information, commercial terms and business policies relating to an organization's buying behavior and spend control initiatives.

Absent comprehensive automation and extensive domain knowledge, creating and maintaining the commerce data required to achieve ESM goals is an arduous, if not impossible, task. Most internal efforts to address this requirement lead to a significant staffing investment that yield very limited benefits. Without a highly automated, closed-loop process, organizations cannot achieve "touchless" transactions, contract compliance or accurate analysis. This reality is a function of the many steps that must be executed to "enable" suppliers as well as to aggregate, transform, manage and utilize an extreme amount of data and policies that originate from many different sources and in many disparate forms that are dynamic in nature.

SAQQARA Evolving to Meet the Needs of Progressive Global Enterprises
For more than nine years, SAQQARA has focused exclusively on addressing the challenges of managing and utilizing product content to maximize the benefits of e-business. As the e-Procurement market has grown and spend management is now more vital to every company, SAQQARA has evolved its products and applied its innovation to further enable customers to achieve efficiencies and cost savings.

"Effective spend management and transaction automation leads to tremendous savings that SAQQARA can enable with its unique and comprehensive capabilities," said Bradley Albright, president and chief executive officer of SAQQARA. "Global 2000 companies typically have millions of dollars of untapped potential annual savings locked up in their e-Procurement applications alone. These systems are like high-performance cars that lack fuel, and struggle with what little, poor-quality fuel they typically have. SAQQARA provides high quality commerce data that fuels these systems to the maximum degree, and gives organizations the control they need to achieve superior performance."

SAQQARA's managed services, with the incorporated "Commerce Master" (CM) engine, eliminate the barriers to achieving optimized enterprise spend management. SAQQARA applies fully automated capabilities to fuse together and manage disparate data and business policies, creating a unified, intelligent data master optimized for ESM. CM engine transforms potential savings into actual savings of 15% or more of total spend by enabling enterprise strength "touchless" transactions, contract compliance, sourcing optimization, and inventory management.

Only SAQQARA offers end-to-end fusion between data and processes to create transactionable, intelligent, dynamic commerce data. This context-rich data fuels closed-loop, continuous process improvement initiatives, and ensures accurate reporting and analysis.

Features and Benefits of SAQQARA CDM for e-Procurement
SAQQARA is the leader in Commerce Data Management with a $30 million investment in a fully automated solution with multiple patents that has been validated in the market in all respects with customers such as Alcoa, Honeywell and AmericaWest Airlines. The company's highly scalable, comprehensive managed services transform potential savings into actual savings by delivering to customers results only as opposed to a software tools that they must adapt, manage and support themselves.

SAQQARA's managed services, driven by its "Commerce Master" (CM) engine, applies fully automated capabilities to fuse together and manage disparate data and business policies, creating a unified, intelligent data master optimized for ESM.

SAQQARA Commerce Data Management for e-Procurement™ (CDM) is a scaleable, cost effective, Web-based managed service for supplier enablement and catalog management that accelerates and maximizes the ROI of e-Procurement. With its managed service, SAQQARA creates, hosts, and manages a private aggregated catalog for each customer, offering the fastest supplier enablement in the industry, improved and customized catalog content, and higher user adoption.

SAQQARA manages the entire catalog management process including supplier engagement, content acquisition, content transformation, exception management, filtering, and an aggregated supplier catalog for use through your e-procurement system. In addition, buyer managers can review and approve content changes and never lose control over what end users are able to buy.

CDM for e-Procurement 2.5 enables organizations to implement a "procure-to-pay" process that covers all of an organization's data requirements. The solution features optimized usability for faster supplier on-boarding. Content and process are more closely fused to provide the highest quality commerce data. SAQQARA CDM for e-Procurement works transparently with e-Procurement systems from leading vendors such as Ariba, Microsoft, Oracle and SAP.

"As a certified partner in the Oracle® PartnerNetwork, SAQQARA has a proven history of delivering high value to Oracle customers," said Bronwyn Hastings, vice president, Worldwide Alliances and Channels, Oracle Corp. "The combination of Oracle Procurement with SAQQARA's managed service adds another degree of automation to simplify purchasing transactions. SAQQARA's high quality commerce data flows seamlessly into Oracle applications, further extending savings for our joint customers."

Key features include supplier enablement and on-boarding of catalogs, supplier management, product content management, catalog management and an optimized purchasing interface. For a full list of features and benefits please visit http://www.saqqara.com/managed_services/.

Pricing and Availability
SAQQARA CDM for e-Procurement will be available in Q2 of this year. Pricing is based on platform access and per-supplier charges.

About the Oracle PartnerNetwork
The Oracle PartnerNetwork is a global business network of more than 13,000 companies that deliver innovative enterprise software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork provides partners with the resources they need to be successful in today's Internet economy. Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Oracle Certified Partner level. These partners receive a higher level of service, support, training and certification from Oracle.

About SAQQARA Inc.
SAQQARA provides managed services that transform potential savings into actual savings by eliminating the barriers to optimized enterprise spend management. Only SAQQARA offers fully automated end-to-end fusion between data and business policies to create and maintain transactionable, intelligent, dynamic commerce data. More than 80 customers worldwide rely on SAQQARA including global enterprises such as 3M, Alcoa, America West, Cooper Industries, GE and Honeywell. SAQQARA is a privately held corporation with headquarters in San Jose, California. For further information about the company and its products, visit http://www.saqqara.com or call 408-325-8200 or toll free 877-964-0100.

©2001-2004 SAQQARA, Inc. SAQQARA CDM for e-Procurement, SAQQARA CommerceSuite, SAQQARA ContentWorks, and SAQQARA Cornerstone are trademarks. The SAQQARA name and SAQQARA logo are registered trademarks of SAQQARA, Inc. All other company names mentioned herein are registered trademarks or trademarks of their respective owners. Oracle is a registered trademark of Oracle Corporation and/or its affiliates.