Zycus Among Marketshare Leaders in Automated Spend Analysis in 2007

Zycus Inc. (http://www.zycus.com), a global leader in Spend
Management software solutions, today announced that Forrester
Research, Inc. (Nasdaq: FORR) a leading independent technology and
market research company has released a research report on the
Automated Spend Analysis Solutions market - "Market Overview 2008:
Automated Spend Analysis" (April 2008).

Forrester listed Zycus as one of three vendors which have
collectively garnered 64% of market share in 2007.

Anurag Dixit, VP - Marketing, Zycus Inc. said, "We are honored
that Forrester has listed us among the top three market share leaders
in automated spend analysis in 2007. Zycus pioneered the concept of
Spend Data Management and AI based classification for detailed spend
visibility. We have continuously demonstrated our commitment and
ability to provide innovative solutions that have been adopted by more
than 100 companies in 14 countries".

Andrew Bartels, VP and Principal Analyst, Forrester Research, Inc.
wrote that vendors like Zycus "have been using both rules-based and
machine-learning analytical engines for several years, have a rich
knowledge base derived from work with many large clients over many
years, can handle spend data in many different languages, and can
provide good data importing and analytics capabilities."

The report also notes that established vendors with rich knowledge
bases built from working with many clients have a decided competitive
advantage.

Zycus uses patented Artificial Intelligence based software that
moves beyond slice-n-dice reports that are difficult to use in an
objective and result oriented process. This process based approach
allows Chief Procurement Officers to set, manage and track savings and
compliance mandates through a transparent and predictable process akin
to a sales forecast. Zycus Actionable Spend Analysis solution presents
procurement stakeholders a platform to aggregate, cleanse, classify
and enrich cryptic, multilingual spend and supplier data to build a
savings pipeline. This next generation solution can be quickly
deployed in a SaaS mode to provide a transparent, automated and
repeatable spend analysis solution to achieve consistent savings, year
on year, every year.

The report also notes - "The value of spend analysis on a
recurring basis is convincing more enterprises to invest in automated
solutions. The value is greatest for large, global enterprises with
multiple divisions and multiple ERP systems; because it is almost
impossible for them to get a consolidated view of their enterprisewide
spending without this kind of product. But smaller companies with a
few divisions and a single ERP can also benefit from more granular
categorization of their spending."

The complete report "Market Overview 2008: Automated Spend
Analysis" is available at
http://www.forrester.com/Research/Document/0,7211,43066,00.html

For more information on Zycus Automated Spend Analysis solutions
visit http://www.zycus.com/solution/actionable-spend-analysis.html

Zycus has recently entered the eSourcing space with the
introduction of its Strategic Sourcing suite that addresses the entire
process of analysis, planning, supplier evaluation and negotiations.
Zycus´ new solution empowers rapid user adoption resulting in
sustained savings through extremely easy to use software that
automates the entire strategic sourcing process. For more information
on Zycus eSourcing solutions visit
http://www.zycus.com/solution/strategic-sourcing.html

About Zycus

Zycus is the world´s leading provider of Spend Management
solutions to Global 1000 companies. Zycus´ solutions suite, comprising
of eSourcing and Actionable Spend Analysis tools, combine cutting-edge
technology and domain expertise to enable greater user adoption and
sustainable savings. Zycus´ solutions facilitate greater process
planning, control and increased corporate alignment of Spend
Management Initiatives.

Innovation & Ease of use is at the core of every Zycus offering.
Zycus´ Spend Management Solutions help procurement departments of
Global 1000 companies Analyze, Plan and Source through an initiative
and objective oriented process. With proven Spend Management
deployments across the globe with over 100 implementations, Zycus´
solutions have emerged as global favorites. Zycus has over 250
employees spread across its offices in North America, Europe and Asia
Pacific.

For more information about Zycus and its solutions please write to
information@zycus.com or log onto http://www.zycus.com