European Leaders Network Announces Zycus as Spend Management Group Specialist

London, 08 May, 2007 -- Sigaria Ltd., governor of the European Leaders Network, today announced Zycus Inc. as the specialist and underwriter for the Spend Management Knowledge Group for 2007.

Zycus is a leader in spend analysis & management solutions headquartered in Princeton, New Jersey, U.S., employing over 150 full-time staff at offices in Virginia, Illinois, Texas in the U.S. and Germany and Paris (upcoming) in Europe. Zycus' products and solutions are deployed successfully in more than fifty Fortune 500 customers across the U.S. & Europe. As part of their involvement, Zycus will contribute an ongoing stream of articles, white papers, research and other best practice information, focused on sourcing and its impact on procurement.

Launched in May 2006, the European Leaders Network is an information exchange for procurement leaders, supporting the growing demands faced by procurement executives from their organisations' boards. The network has become the leading independent community for executive-level procurement and supply chain management professionals and delivers learning, networking and information exchange platforms including events, research, online news, information resources and the leading industry magazine (European Leaders In Procurement).  Services now reach over 10,000 senior executives across Europe's largest companies.

Mark Perera, CEO Sigaria explained, "Spend Management is critical in today's competitive procurement environment in large enterprises. It's staggering to see how many global businesses don't have visibility into their enterprise spend and are missing out on mission critical savings mandates from their strategic sourcing initiatives. Zycus's expertise in Spend Analysis & Management will ensure our community will receive the most up to the minute specialist information on key issues.

Involving Zycus in the network, whilst maintaining editorial control, means we can offer an even wider scope of valuable specialist information and resources to our network members."

Knowledge Groups are part of the online European Leaders Network (www.europeanleaders.net) web site delivering focused information on strategic topics. Support of each group is reserved for an individual organisation that has a track record of delivering objective information in the particular topic area.
 
"We are pleased to partner with the European Leaders Network. As a leader in Spend Analysis & Management solutions, it has always been Zycus' prerogative to evangelize concepts & technologies that facilitate superior ROI from Strategic Sourcing. We, at Zycus, will be pleased to share our knowledge, vision, rich resources & best practices case studies from our Fortune 500 customer base. With recent big successes in Europe at Orkla & Siemens, Zycus' value proposition in Europe will be further enhanced with our association with ELP," opines Anurag Dixit, Director-Marketing, Zycus Inc.

Supporting contributions will start in 2007 overseen by the European Leaders Network advisory board and extend to the end of the agreed one year term.

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About Zycus:
Zycus is the leading provider of Spend Analysis solutions to Global 1000 companies. With proven spend management deployments across the U.S., Zycus' Actionable Spend Analysis solution, comprising AutoClass & Analytics, combines cutting edge technology and domain expertise to enable superior year on year savings and greater compliance through easy-to-use, transparent, process driven spend analysis. Zycus' products integrate with leading ERP and Datawarehouse applications and are available in Behind-The-Firewall (BTF) and Software-as-a-Service (SaaS) modes.
 Zycus' customers are spread across verticals such as Healthcare, Energy, Financial Services, Oil & Gas, Industrial Products/Manufacturing, CPG, Media & Entertainment. Zycus is a privately held, profitable enterprise since inception in 1998 & is headquartered in New Jersey, U.S. with offices in Virginia, Illinois, Texas apart from London, Frankfurt, Paris. The R&D center is in Mumbai, India.