Information, Analytics and Business Services Leader Taps Procurian's Specialized Procurement Infrastructure to Improve Effectiveness and Efficiency
PHILADELPHIA, PA - April 26th, 2012 - Leading comprehensive procurement solution provider Procurian, formerly ICG Commerce, today announced that it has been selected to deliver a comprehensive procurement solution to CoreLogic, a leading provider of information, analytics and business services. Procurian will help CoreLogic continuously optimize spending in areas including consulting, benefits, temporary labor, postage and marketing. The five-year contract to manage annual spending will support CoreLogic's Project 30 cost reduction objectives.
"CoreLogic is focused on delivering strong revenue and earnings growth in 2012. To help achieve this objective, we have established aggressive cost reduction and workflow productivity targets," said Frank Martell, Chief Financial Officer of CoreLogic. "Because they possess deep category expertise across some of our largest areas of spending, we believe that Procurian is the right partner to help us meet our cost savings commitments."
CoreLogic will leverage Procurian's Specialized Procurement InfrastructureTM to enable its procurement strategy of establishing high performance capability to improve control, reduce its cost structure, and support business growth through more effective procurement. Procurian is solely focused on helping clients transform Procurement into a strategic function that fuels growth through measurable savings as well as supply market insights that optimize spending. Procurian's unique offering provides its clients access to all the components necessary to optimize indirect spend and achieve the highest levels of procurement excellence, including dedicated teams of specialists with deep category expertise, real-time market intelligence, comprehensive processes and a sophisticated set of proprietary tools and technology.
"The CoreLogic team has a very progressive view of the role of procurement and we're excited to help this forward-thinking market leader take procurement to the next level to meet their cost savings goals by harnessing the power of their spending," said Carl Guarino, CEO of Procurian. "This new engagement showcases the opportunity for many companies to significantly lower their spending in categories such as consulting, benefits, marketing and temporary labor."
About Procurian, Inc.
Procurian is the leading specialist in comprehensive
procurement solutions. Forward-thinking business leaders
partner with Procurian to transform procurement and drive
sustainable changes to their cost structures. Global
industry leaders, including Kimberly-Clark, Hertz,
Symantec, Timken and Whirlpool, have chosen Procurian to
accelerate this transformation. Procurian's built-out
Specialized Procurement Infrastructure™ integrates with
businesses to optimize spending and deliver real savings
that equal a margin point or more. Procurian is an ICG
(NASDAQ: ICGE) company. For more information, visit www.procurian.com.
About CoreLogic
CoreLogic (NYSE: CLGX) is a leading provider of consumer,
financial and property information, analytics and services
to business and government. The Company combines public,
contributory and proprietary data to develop predictive
decision analytics and provide business services that bring
dynamic insight and transparency to the markets it serves.
CoreLogic has built one of the largest and most
comprehensive U.S. real estate, mortgage application,
fraud, and loan performance databases and is a recognized
leading provider of mortgage and automotive credit
reporting, property tax, valuation, flood determination,
and geospatial analytics and services. More than one
million users rely on CoreLogic to assess risk, support
underwriting, investment and marketing decisions, prevent
fraud, and improve business performance in their daily
operations. The Company, headquartered in Santa Ana,
Calif., has approximately 5,000 employees globally. For
more information visit www.corelogic.com.
CoreLogic Statement Concerning Forward Looking
Statements
Certain statements made in this news release are
forward-looking statements within the meaning of the
federal securities laws, including but not limited to those
statements related to future revenue and earnings growth,
and amount and timing of cost reduction strategies,
Factors that could cause the anticipated results to differ
from those described in the forward-looking statements are
set forth in Part I, Item 1A of CoreLogic's most recent
Annual Report on Form 10-K for the year ended December 31,
2011, including but not limited to: limitations on access
to data from external sources, including government and
public record sources; changes in applicable government
legislation, regulations and the level of regulatory
scrutiny affecting our customers or us, including with
respect to consumer financial services and the use of
public records and consumer data which may, among other
things, limit the manner in which we conduct business with
our customers; compromises in the security of our data
transmissions, including the transmission of confidential
information or systems interruptions; difficult conditions
in the mortgage and consumer credit industry, including the
continued decline in mortgage applications, declines in the
level of loans seriously delinquent and continued delays in
the default cycle, the state of the securitization market,
increased unemployment, and conditions in the economy
generally; our cost reduction initiatives and our ability
to significantly decrease future allocated costs and other
amounts in connection therewith; risks related to our
international operations and the outsourcing of various
business process and information technology services to
third parties, including potential disruptions to services
and customers and inability to achieve cost savings; and
impairments in our goodwill or other intangible assets. The
forward-looking statements speak only as of the date they
are made. CoreLogic does not undertake to update
forward-looking statements to reflect circumstances or
events that occur after the date the forward-looking
statements are made.
Media Contact:
Shannon Parish
+1 484-690-5446
sparish@procurian.com
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