ICG Commerce Announces Relocation and Expansion of Corporate Headquarters and North American Center of Excellence
Friday February 6, 10:00 am ET
Expansion Is Fueled by Double-Digit, Year-Over-Year Growth
PHILADELPHIA, PA--(MARKET WIRE)--Feb 6, 2009 -- Leading procurement outsourcing specialist, ICG Commerce, today announced the relocation of its corporate headquarters and North American operations center to a more expansive 55,000 square foot facility in King of Prussia, PA. The move is driven by ICG Commerce's continued double-digit, year-over-year growth and will accommodate plans for future expansion. The new facility, which is in close proximity to the company's previous location, will house its North American Center of Excellence, which includes 300 sourcing and procurement professionals.
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ICG Commerce's focus on helping Fortune 1000 clients aggressively drive multi-million dollar cost reductions across indirect expenditures continues to fuel strong growth, even in a weak economy. The company continues to proactively recruit top talent, including procurement professionals and supply market experts in areas such as IT/telecom, logistics, marketing, travel, MRO and plant services, facilities management and professional services.
To create a space that will facilitate collaboration, innovation and continuous improvement, ICG Commerce engaged local interior design firm, D2 Solutions, Inc., to develop an "open office" environment that will promote a rapid and high degree of communication. The design firm worked closely with a cross-functional team of employees that had been assembled to participate in the decision-making process.
In place of individual offices and cubicle walls, the new space, which is a former industrial warehouse containing 30 foot ceilings and large windows throughout, will provide flexible seating arrangements that can be easily reconfigured to facilitate both inter- and cross-functional teamwork. In this spirit, the company's management team, including the CEO, will also be seated in the open space with their respective teams.
With this move, the company has taken the opportunity to place greater emphasis on using resources in a responsible manner that benefits the environment and improves efficiency, an initiative defined as "smart green," which influenced the selection of lighting, appliances, printer configurations, and other key decisions for the new space.
ICG Commerce also has Centers of Excellence and delivery centers in Europe and Asia and recently opened an office in London and a second office in China.
"This move marks a significant milestone for the company and has given us the opportunity to provide an enhanced working environment for our employees that fits our culture, enables innovation and facilitates productivity," said Carl Guarino, Chief Executive Officer, ICG Commerce. "The design and layout of the new space will provide the flexibility needed to continue to meet our clients' needs and our business goals."
About ICG Commerce
ICG Commerce is the leading procurement outsourcing specialist delivering comprehensive source-to-pay services. Results-driven leaders access ICG Commerce's experienced resources and market intelligence to better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control.
ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's (NasdaqGM:ICGE - News) network of partner companies. The company has earned recognition from Forbes, Fortune, The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its leadership in procurement outsourcing. For more information: www.icgcommerce.com or www.icgcommerce.com/careers
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