CombineNet, Inc. Expands European Customer Base for its Advanced Sourcing Application Platform

By Combinenet Inc., PRNE
Monday, January 10, 2011

A.P. Moller - Maersk A/S, Schindler Group, Bayer MaterialScience AG, PPG Europe, and ArcelorMittal among industry leaders using CombineNet ASAP to address sourcing challenges

LONDON and PITTSBURGH, January 11, 2011 - CombineNet, Inc., the leading provider of advanced sourcing technologies,
today announced expanded revenue growth as an increasing number of European
customers adopt the company's web-based Advanced Sourcing Application
Platform (ASAP) product. A.P. Moller - Maersk A/S, headquartered in Denmark,
and Schindler Group in Switzerland are new customers welcomed to the
CombineNet ASAP user base for speeding and simplifying sourcing activities
across spend categories. Among renewing CombineNet ASAP customers are Bayer
MaterialScience AG in Germany, PPG Europe, and ArcelorMittal Europe.

"We selected CombineNet ASAP to provide us with a solution that can be
adopted across multiple spend areas, particularly in complex categories. We
believe it will improve our sourcing teams' capabilities in processing and
simplifying the collection and analysis of bid data from our suppliers,
support strategic sourcing plans, and ultimately drive more value and
savings," said Jacob Gorm Larsen, Senior General Manager, Procurement
Technologies of A.P. Moller - Maersk A/S, a worldwide conglomerate in
shipping, energy, logistics, retail, and manufacturing employing 115,000

Lars Bluethner, Bayer MaterialScience AG's Lead Ocean Buyer, said, "As a
customer of CombineNet , we receive benefits in reducing the data crunching
time to a minimum and focusing on the analysis of the data by running
different scenarios. In addition, it helps us to consider the service
requirements of our regions."

"We are very excited to grow our relationships with these global industry
leaders as they look to further increase their savings and value when
sourcing a range of spend areas," said CombineNet President and COO Rich
. "Our continued customer traction reinforces our belief that
CombineNet ASAP offers a strong advantage in providing a self-service product
to sourcing teams who seek to simplify the creation, launch, optimization,
and management of sourcing events - no matter what size or degree of

CombineNet's European headquarters are located in the Chiswick Business
Park in London, with a regional sales office in Hamburg, Germany. Global
headquarters are in Pittsburgh, Pennsylvania USA.

About CombineNet

CombineNet, Inc. is the advanced sourcing technology company.
CombineNet's ASAP product (Advanced Sourcing Application Platform) is an
optimization-driven Software as a Service (SaaS) solution that helps
customers deliver the absolute best total cost of goods and services based on
their unique business needs. CombineNet ASAP is used to speed, simplify, and
centralize the sourcing of any and all spend categories from global
suppliers: direct and indirect materials, all modes of transportation, and
services. In the past 10 years, CombineNet has delivered more than $6 billion
in bottom-line savings for businesses worldwide including General Mills,
PepsiCo, Procter & Gamble, Bayer, Sears, Johnson & Johnson, and many more
across all industries. For more information, visit

Lynn Seay, Seay Public Relations, +1-412-298-7206, lseay at

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