Ketera Named a Finalist for Prestigious SIIA Codie Awards in Two Categories
Leading Award Recognizes On-demand Leader for Software Newcomer and Product Innovation; Ketera CEO to Participate in SIIA Panel on Future of Software as a Service

SANTA CLARA, Calif.--May 20, 2005-- Ketera (www.ketera.com), the leading provider of on-demand spend management solutions, was named a finalist by the Software & Information Industry Association (SIIA) for the 2005 Codie Awards. Ketera is a finalist for Best Software Newcomer and Best Corporate Achievement.

"The 20th annual Codie Awards continue the tradition of honoring the best of the software and digital content industry," said Ken Wasch, SIIA President. "When one considers the number of outstanding companies that competed this year, being named a Codie Awards finalist is no small achievement."

Established in 1986, the Codie Awards is the longest-running awards program in the software and information industry. The program acknowledges the industry's most innovative products and services through a combination of journalist and peer review.

"Ketera's selection as a Codie Award finalist further demonstrates our growth as the industry leader in Spend Management. Our Software as a Service solution allows companies to identify, capture and sustain bottom-line savings," said Stephen Savignano, CEO of Ketera.

Winners of the 20th Annual Codie Awards will be announced at the Codie Awards Gala on May 25, 2005 at Universal Studios' Globe Theatre in Universal City, CA. The award ceremony is on the final day of the 2005 SIIA Enterprise Software Summit, the premier industry conference where software and software as services executives learn, network and strategize for the future.

On Wednesday, May 25th, Ketera Chief Executive Officer Stephen Savignano will participate on a panel examining the future of software as a service, SaaS Executives Chart a New Software Industry.

About Ketera

Ketera is the leading provider of on-demand spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.

Ketera Spend Management includes applications for spend analysis, sourcing, procurement and payment and reconciliation. The Ketera difference is our on-demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.

Ketera is an IBM business partner, providing technology for IBM Leveraged Procurement Services, an e-Business On-demand offering. Located in Santa Clara , Calif., Ketera is a private company founded by American Express. Other investors in the company include Kleiner Perkins Caulfield & Byers and Foundation Capital. For more information about Ketera Technologies and the Ketera Spend Management suite of services, please visit www.ketera.com.

--------------------------------------------------------------------------------
Contact:
     Atomic PR for Ketera
     Nick Olsson, 415-402-0230
     nick@atomicpr.com