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McCain Foods Signs Contract Selecting Procurian to Optimize Spending Across Global Organization

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PHILADELPHIA, Dec. 10, 2012 (GLOBE NEWSWIRE) -- Leading comprehensive procurement solutions provider Procurian, formerly ICG Commerce, today announced that it has signed an agreement with McCain Foods, a leading supplier of frozen potato and snack food products for the home and food services market. Procurian will deliver a comprehensive procurement solution to help the company optimize and manage it's spending in several categories across its global operations.

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 spending across over 350 subcategories and achieve the highest levels of procurement excellence.

"The team at McCain has a very progressive approach to optimizing procurement and increasing its impact on the organization, and we're excited to help this forward-thinking market leader harness the power of their spending," said Carl Guarino, CEO of Procurian. "This new engagement showcases the opportunity for many companies to rethink how they view indirect spending, focusing not only on process compliance, but continuously optimizing the business impact of their investments. We look forward to helping McCain build on their success and take procurement to the next level to meet their strategic goals."

About McCain Foods Limited:

McCain Foods Limited is an international leader in the frozen food industry, employing approximately 18,000 people and operating 50 production facilities on six continents. A privately owned company headquartered in Florenceville and Toronto, Canada, McCain generates annual sales of about CDN$6 billion. McCain is the world's largest manufacturer of frozen potato specialties and also produces other food products, including pizza, appetizers, oven meals, juice and desserts. The company's products can be found in thousands of restaurants and supermarket freezers in more than 160 countries around the world. McCain also owns The Day & Ross Transportation Group, which is based in Hartland, New Brunswick and is one of the largest transportation companies in Canada.

About Procurian, Inc.

Procurian – formerly known as ICG Commerce – 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.

The Procurian, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12383

CONTACT: Media Contact: Kristy Kennedy rbb PR Kristy.Kennedy@rbbpr.com 305-448-5839

Source:Procurian, Inc