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May 21, 2000

Booz Allen & Hamilton and ShareMax.Com Forge Global Alliance to Create E-Sourcing Powerhouse

COMPANY PRESS RELEASE : (, a leading Internet-based strategic procurement service company, and Booz Allen & Hamilton, the leading global management and technology consulting firm, today announced a strategic alliance to deliver a fully-integrated, Web-enabled strategic sourcing solution.

By CBR Staff Writer and Booz Allen & Hamilton’s combined service offering will create the first all-inclusive, Web-based, strategic and tactical sourcing solution. The solution streamlines and automates many processes involved in the purchase of direct and indirect goods and services, while preserving and improving the solid fundamentals used by procurement professionals. The alliance offers procurement professionals a fully comprehensive program for sourcing, combined with a suite of powerful Web-based tools that enable rapid, efficient sourcing strategy development and execution. The offering will target companies in the Fortune 1000 and other major corporations worldwide across a broad range of industries, including automotive, aerospace, consumer goods, energy, and pharmaceuticals.

Under the alliance agreement, Booz Allen & Hamilton will own a minority stake in and will offer the new, premium quality e-sourcing solution to its clients globally as a value-added service. will leverage Booz·Allen & Hamilton’s international sourcing practice by combining its industry/commodity-specific knowledge with’s current proprietary database of 20 million companies worldwide. The entire knowledge base links to’s Web-based tools, enabling companies to access deep, accurate market data for rapid sourcing.

This unique venture is setting a new standard in sourcing development by offering our clients worldwide a suite of comprehensive services and solutions, said Ali Naqvi, Chairman and Co-CEO of The combination of premier thought leadership with the latest available technology, best practice processes, and deep marketplace knowledge sets us apart in this industry.

CV Ramachandran, Vice President, Booz Allen & Hamilton said, This alliance offers a dynamic new way for Booz·Allen & Hamilton to increase its value proposition for clients. Together with, we are creating a comprehensive Web-based strategic sourcing application to more efficiently deliver significant, sustainable bottom-line performance improvements across all industries.

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