Charlotte, NC (August 27, 2004) - Verian Technologies, a provider of spend management software and services, has been named one of the top 100 technology providers by Supply & Demand Chain Executive and Global Logistics & Supply Chain Strategies magazines. One of the few providers of spend management solutions and the only best-of-breed procurement provider to make both lists, Verian Technologies' was chosen based on customer recommendations and its growth in the industry.

The 2004 Supply & Demand Chain Executive 100 are providers that can demonstrate that they will be around for the long-term, that have relevant industry knowledge and expertise, that address specific pain points in the supply chain, that can demonstrate a return on investment and that are continuing to drive innovation in their solutions and services offerings.

The Global Logistics & Supply Chain Strategies 100 Greatest Supply Chain Partners is based entirely on entries voluntarily submitted by readers of the magazine. The list of 100 was chosen from over 1500 qualified responses nominated over 500 different companies. The most common 10 qualities that users look for in their vendors are: cost savings and identifiable ROI, reliability and ability to meet commitments, inventory reductions and cycle time improvement, flexibility and problem solving ability, visibility, continuous improvement, ease of use, can-do attitude, global coverage, and comprehensive service. This year, there were five additional themes prominent among the justifications that readers used for nominations: security orientation, collaborative capabilities, customer knowledge and expertise, process orientation, and focus on execution.

"Being named as one of the top 100 providers by two organizations is a true honor for Verian Technologies," said Tehseen Ali, CEO and President of Verian Technologies. "Being nominated by our customers shows that our technology has the features and capabilities to solve the organizational spending issues our customers face today. We are thrilled to be listed with both groups and look forward to continuing to provide top quality services and software to our customers."

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For more information, contact:
Anna Rushing, PR Coordinator
arushing@verian.com
1-704-602-3372 (office)

About Verian Technologies
Verian Technologies provides 100% web-based Spend Management solutions to mid-sized and large organizations.  Its technology is based on its suite of solutions called ProcureIT.  ProcureIT encompasses all aspects of spend management including: procurement, materials management, asset management, and travel & expense reimbursement. ProcureIT enables organizations to reduce their organizational spend, automate manual tasks and reduce on-hand materials and commitments.  As a result, Verian Technologies' clients are able to reach efficiency faster and realize a strategic competitive advantage, as well as a rapid return-on-investment.  For more information on Verian Technologies, visit http://www.verian.com.