Vinimaya Adds New Customers; Maintains 100% Renewal Rate;

Expands Revenue Base and Partner Channels

SHELTON, CT

(August 25th, 2008)

Vinimaya, the leading provider of next generation E-Procurement Catalog and B2B Shopping Solutions for buyers and suppliers, continues to generate significant market momentum as its flagship SmartSearch CatalogTM product and innovative virtual supplier network concept gain new customers and acceptance among buyers and suppliers. Vinimaya is on track for its most successful year ever, achieving several significant milestones in the first half of 2008, including:

  • Adding Major Customers
    Vinimaya added 14 new customers across multiple vertical markets; among them one of the world's largest global electronics and industrial comglomerates, a well-known global food service retailer and restaurateur, a leading global IT outsourcing firm, and a leading consumer brand company.

  • Continued Profitable Operations and 100% Renewal Rate
    Vinimaya has operated cash-positive since 2005, expects 2008 to be its most profitable year ever, and continues its perfect record of customer retention: since its founding in 2000, every customer that has been up for renewal has extended their commitment to the SmartSearch Catalog solution, creating a significant backlog of guaranteed future revenue.

  • Expanding Its Reach via Partnerships
    Vinimaya recently signed a seven-figure deal with an e-procurement solutions provider to license SmartSearch Catalog for re-sale within their vertical industry. Vinimaya also partnered with several consulting organizations, working with them in delivering innovative e-procurement solutions to their client base.

  • Launching New Supplier Program
    Vinimaya’s supplier program, VISN (Virtual Internet Supplier Network) allows suppliers to proactively gain exposure to current and prospective Vinimaya buyer clients via their own pre-configured SmartSearch Agent in Vinimaya’s demo systems. The program is free and requires no effort on the part of the supplier; any supplier with a XML punchout or e-commerce enabled Web site is currently Vinimaya-ready and thus eligible to participate.

"Catalog management and supplier enablement continue to be major inhibitors for success with e-procurement when implementations involve more than twenty suppliers," said Debbie Wilson, an analyst with Gartner. "Innovative software-based approaches that apply consumer market Internet technologies to B2B collaboration should be considered as valid alternatives to leveraging supplier portals and business process hubs."

"Vinimaya’s revenues for the first half of 2008 have already exceeded total annual revenues for the previous year," said Gary Hare, president and CEO of Vinimaya. "Our ability to consumerize the e-Procurement experience is the key to our customer growth. More and more buyers and suppliers are realizing the benefits of this approach to supplier enablement and catalog management, and working with channel partners and OEMs is helping us engage the marketplace across multiple industry verticals, ERP and e-procurement platforms."

SmartSearch Catalog is based on Vinimaya’s patent-pending SmartSearch AgentTM technology platform, and allows users to search and shop directly from suppliers’ web sites, industry marketplaces, catalog aggregators and supplier networks; as well as their internal catalog database, all from a single user interface, without ever leaving their e-procurement system. SmartSearch Catalog also provides built-in compliance support, giving the buying organization the ability to manage or audit pricing, create sub-catalogs and control user views from all their the catalog sources, including punchout sites, a capability currently unique in the market. SmartSearch Catalog is compatible with all leading e-procurement systems such as Ariba Buyer, Oracle iProcurement, PeopleSoft Enterprise eProcurement and SAP SRM/EBP among others.

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About Vinimaya

Vinimaya, Inc. is a privately held software solutions company that provides innovative E-Procurement Catalog and B2B Shopping Solutions for both buyers and suppliers based on their patent-pending Vinimaya SmartSearch Agent™ technology platform. Vinimaya products are 100% compatible with systems from Ariba, SAP, Oracle and PeopleSoft among others and are used by global companies such as Alcoa, 3M, Corning, EDS, Sunoco, UPMC and Agilent Technologies. For more information, please visit www.vinimaya.com, email sales@vinimaya.com or call 888-618-8634.

"Vinimaya", "Vinimaya SmartSearch Catalog", Vinimaya SmartSearch Agents", , "VISN", Virtual Internet Supplier Network", "ViniSyndicate", "ViniSyndicate Catalog Integration System", "ViniSyndicate Supplier Integration System", "EasyOrder", "EasyPortal", "Vinimaya Supplier Solutions" and "Vinimaya Buyer Solutions" are registered trademarks of Vinimaya, Inc. All other product and company names listed may be the trademarks of their respective owners.

Contact:
Leonard Lee
Vinimaya, Inc.
612-670-3445
llee@vinimaya.com

 
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