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Rearden Commerce Partners with StarCite; Adds Meetings Management to Its Services Platform

Mon. August 24, 2009; Posted: 11:00 AM
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PHILADELPHIA & FOSTER CITY, Calif., Aug 24, 2009 (BUSINESS WIRE) -- ICGE | Quote | Chart | News | PowerRating -- Rearden Commerce, Inc. today announced an integration relationship with StarCite, Inc., a leading provider of Web-based solutions to strategically manage corporate meetings and events. With this integration, Rearden Commerce's more than 5,000 corporate customers will have increased visibility into employees' meetings spend and can leverage real-time data to better manage this often overlooked spend category.

"Meetings remain a large category of unmanaged spend for corporations. At Rearden Commerce our goal is to provide customers with a single location for all activities that relate to travel and procurement. As such, StarCite is a perfect addition for the Rearden Commerce(TM) Platform," said Tony D'Astolfo, vice president of worldwide sales, Rearden Commerce. "We make it a priority to connect our customers with the absolute best applications and services available on the market. StarCite's track record of providing strategic meetings management services to major corporate customers makes them an ideal partner for this essential functionality."

Directly from the Rearden Personal Assistant(TM), customers will be able to access StarCite to plan, source and book with its small meetings solution. In addition, customers benefit from full access to the StarCite Marketplace, which links meetings buyers with more than 93,000 hotels, venues and meetings suppliers worldwide.

Rearden Commerce is highly regarded in the travel industry for developing a platform that broadens the traditional scope of travel management to include ancillary spend categories such as conferencing, dining, shipping, and rail.

"We are proud to partner with Rearden Commerce and provide strategic meetings management services to its customer base," said Gregory Dukat, CEO of StarCite. "Rearden Commerce has revolutionized travel management by providing a product that brings a growing number of spend categories under professional control. As companies focus on maximizing the value of every type of expenditure, including meetings, the timing of this integration couldn't be better."

About StarCite, Inc.

StarCite, Inc. provides a technology platform that makes meetings and event planning, booking and management simpler, easier, and more cost-effective for corporations, hotels, venues and meetings suppliers worldwide. StarCite delivers visibility, cost savings and control over meetings spending for businesses and enhanced revenue opportunities for suppliers. Through Web-based, on-demand technology, StarCite automates and supports every key element of the meetings planning and procurement process: planning, budgeting, buying, attendance, payment, and results measurement. Using StarCite's proprietary online marketplace, meetings buyers can connect and conduct business with over 93,000 hotels, venues, destinations and suppliers globally. StarCite is based in Philadelphia, PA. Its equity holders include Internet Capital Group (NASDAQ: ICGE), TPG Growth, Norwest Venture Partners (NVP), and TL Ventures. For more information about StarCite please visit www.starcite.com.

About Rearden Commerce

Rearden Commerce built one of the first intelligent platforms that aggregates Web services to enhance productivity by orchestrating and automating online commerce. Together with a series of applications, the platform personalizes content for the needs of users across all market segments - from consumers to small businesses, up to the largest enterprises such as ConAgra Foods, GlaxoSmithKline and JDSU. More than 5,000 corporate customers and millions of consumers can access the platform to easily find the services they need at the best value.

Rearden Commerce has significant distribution and reseller channels, including American Express, JP Morgan Chase, Paychex and dozens of travel management companies. It has two wholly-owned subsidiaries: ExpenseWire, a leading provider of on-demand expense reporting and reimbursement solutions for small to mid-sized corporations; and Global Ground Automation (GGA), a leading ground transportation reservation system provider. Rearden Commerce is headquartered in Foster City, California. For more information, visit reardencommerce.com, expensewire.com, or globalground.com.

SOURCE: StarCite, Inc.

StarCite Media 
Sloane & Company 
Kristine Nalbone 
212-446-1897 
knalbone@sloanepr.com 
or 
Rearden Commerce Media 
Alicia diVittorio 
415-290-1253 
alicia@reardencommerce.com
For full details on Internet Capital Group (ICGE) click here. Internet Capital Group (ICGE) has Short Term PowerRatings of 8. Details on Internet Capital Group (ICGE) Short Term PowerRatings is available at This Link.

    


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