Kimberly-Clark Renews Procurement Contract With ICG Commerce Based on Strong Track Record

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| Source: Procurian, Inc.

PHILADELPHIA, Oct. 13, 2011 (GLOBE NEWSWIRE) -- ICG Commerce announced today that Kimberly-Clark Corporation (www.kimberly-clark.com) (NYSE:KMB) has extended its long-standing partnership agreement with ICG Commerce. By working closely with Kimberly-Clark's business stakeholders and procurement leadership, ICG Commerce will continue to help the company execute innovative spend management strategies across its operations in North America and Europe.

Building upon the strong results achieved over the last five years, the partnership will stay relentlessly focused on optimizing spend and driving savings in the areas of Marketing Services, Corporate Services, Travel, IT, and MRO (Maintenance, Repairs and Operations). In order to drive incremental value in these areas, the joint team will focus on next-generation spend optimization strategies such as proactive cost management, policy optimization and collaborating with suppliers to drive innovation.

"This environment demands that procurement organizations deliver more value than ever in the form of savings as well as innovation," said Cynthia Dautrich, Global Procurement Officer, Kimberly-Clark. "Our partnership with ICG Commerce helps us deliver this level of value on the indirect side while we continue to focus on extracting more value from our direct spend. ICG Commerce works as an extension of our team, supporting the indirect space by bringing category expertise, market intelligence and specialized tools."

To support Kimberly-Clark, ICG Commerce will continue to use its Specialized Procurement InfrastructureTM. This global infrastructure combining people, process, technology, and real-time market knowledge has been adapted to meet Kimberly-Clark's specific business requirements and seamlessly integrate into their organization.

"Kimberly-Clark has been very focused on driving innovation through every part of the business and procurement is no exception," said Carl Guarino, CEO of ICG Commerce. "The company recognizes that procurement can help propel the business forward and drive savings that can be reinvested in new products and growth. We are excited about partnering with Kimberly-Clark in its efforts to continuously push procurement to new levels of excellence."

About ICG Commerce, Inc.

ICG Commerce, the leading procurement solution provider, is driving a fundamental change in the way today's businesses achieve financial agility and fund growth. ICG Commerce is the only procurement solution provider that has built a specialized infrastructure dedicated to helping companies optimize indirect and other under-resourced areas of spend and drive bottom line savings that strengthen their businesses. ICG Commerce is an ICG (Nasdaq:ICGE) company. 

The ICG Commerce, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6920

About Kimberly-Clark

Kimberly-Clark (www.kimberly-clark.com) and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people - nearly a quarter of the world's population - trust K-C brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 139-year history of innovation, visit www.kimberly-clark.com.

Media Contact:
Cheri Keith
Racepoint Group for ICG Commerce
781-487-4672