Globalia Selects Verticalnet XE for On-Demand Supply Management; Spanish Travel Giant Signs Multi-Year Subscription Agreement for Verticalnet XE

Verticalnet, Inc. (Nasdaq:VERT), a leading provider of
on demand supply management solutions, today announced that Spanish
travel and leisure giant Globalia Corporacion Empresarial (Globalia)
has signed a multi-year subscription agreement for Verticalnet
On-Demand Supply Management Solutions. Globalia signed a multi-year
license after achieving 30% savings during a successful pilot project
in the photocopy equipment category. Globalia will leverage
Verticalnet XE Negotiation Manager
(http://www.verticalnet.com/software/supplier_negotiation.asp) to
manage their strategic sourcing activities across 14 divisions.
"In a highly competitive evaluation, we selected Verticalnet over
other leading providers because of their deep travel industry
experience and the ability of their team to get us up and running and
experiencing value quickly," said Jorge Bugallo, Globalia's Chief
Procurement Officer. "At Globalia, we are committed to invest in
proven sourcing technologies and processes to help us compete in the
competitive travel industry. The quality of the Verticalnet solution
and team stood apart from the rest throughout our evaluation."
Globalia owns and manages a broad portfolio of travel companies
including Air Europa; travel agencies Halcon Viajes and Viajes
Ecuador; tour operator Travelplan; cruise line Globalia Cruceros;
rental car agency Pepecar.com; real estate division Century 21 Espana;
and Globalia Hotels & Resorts, the Company's hospitality division.
"We are pleased to have added Globalia to our growing roster of
prestigious European clients," said Nathanael V. Lentz, president and
CEO of Verticalnet. "As one of the world's largest travel companies,
Globalia needed an on-demand solution that enabled its supply managers
to control spending across 14 divisions. Our XE Negotiation Manager
was the perfect solution to help Globalia achieve world-class supply
management results. We look forward to helping them continue on their
supply management journey."

About Globalia

Globalia, a group founded and headed by Juan Jose Hidalgo, is made
up of several companies in the tourism sector that last year provided
its services to more than 15 million clients. Among these companies is
the airline Air Europa, the network of travel agencies conformed by
Halcon Viajes and Viajes Ecuador, the tour operator Traveplan, the
airport services operator Groundforce, the budget car hire company
Pepecar.com, and the network of estate agencies Century 21 Spain,
amongst others.

About Verticalnet

Verticalnet is a leading provider of supply management solutions
that enable companies to identify and realize sustained value across
the supply management lifecycle. Going beyond traditional spend
management and sourcing approaches, Verticalnet's solutions provide
the visibility, insight and process control required to maximize the
sustained value realization from supply management. Large enough to
help customers attain supply management success worldwide, yet nimble
enough to provide individual attention and remain focused on customer
priorities, Verticalnet is helping leading Global 2000 companies and
mid-market enterprises move their supply management efforts to the
next level through an optimal blend of software, comprehensive
services, and deep category knowledge and domain expertise.

To learn more, please visit us at www.verticalnet.com.

Verticalnet is a registered trademark or a trademark in the United
States and other countries of Vert Tech LLC.