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IQNavigator Named as Finalist for Two 2012 American Business Awards

IQNavigator’s Software Named Finalist for Best Human Capital Management Solution and Best Supply Chain Management Solution Categories

DENVER, May 16, 2012 – IQNavigator, the leading provider of services e-procurement solutions to Global 2000 companies, was named a finalist today in two categories of The 2012 American Business AwardsSM. The prestigious awards, also known as the Stevie Awards®, recognize excellence in areas such as innovation, product development and corporate management. At the awards ceremony later this year, IQNavigator will receive a Gold, Silver, or Bronze award in each of the following categories:

  • New Product or Service of the Year – Software: Human Capital Management Solution
  • New Product or Service of the Year – Software: Supply Chain Management Solution

The American Business Awards are the nation’s premier business awards program. Finalists from more than 3,000 nominations were chosen by more than 140 business professionals nationwide during preliminary judging in April and May. Specialized judging committees will determine Stevie Award placements from among the Finalists during final judging, to take place May 14 – 25.

“This is a tremendous honor for IQNavigator and a validation of the major focus our company continues to place on product innovation and delivering enhanced business intelligence tools to our global customers,” said Lou Andreozzi, President and CEO of IQNavigator. “Past winners of the American Business Awards are a who’s who of the most respected and accomplished companies in the United States, and it is a great moment of recognition for IQNavigator to join their ranks as a finalist in two separate award categories for 2012.”

IQNavigator is recognized as a finalist in both awards categories for its IQNavigator 10.4 software featuring Data Xplorer, Visual Xplorer and IQNdex. IQNavigator’s cloud-based VMS software helps Global 2000 companies better manage all types of procured services as well as their non-employee workforces around the world. Version 10.4 exemplifies innovation in business intelligence, particularly in the areas of data analysis, real-time reporting and benchmarking.

IQNdex is the first and only index that tracks trends in the quarter of the U.S. labor force comprised of freelancers, contractors, temps and other non-permanent workers. It provides data and analysis about non-permanent workers that is not available from any other organization. IQNavigator unveiled IQNdex after an intensive two-year development process and it immediately became an indispensable information tool for customers and others interested in temporary labor trends.

Details about The American Business Awards and the list of Finalists in all categories are available at www.stevieawards.com/aba. The American Business Awards will be presented at two awards events: the ABA’s traditional banquet on Monday, June 18 in New York, and a new tech awards event on Monday, September 17 in San Francisco.

About IQNavigator
IQNavigator is the proven leader in services procurement solutions, helping global enterprises better manage all types of procured services and their non-employee workforces around the world. IQNavigator’s cloud-based VMS software processes tens of billions of dollars in yearly services spend, enabling clients to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs. For more than a decade, IQNavigator has been the leader in providing innovative technology solutions for managing companies’ procured services including statement of work and project-based consultants, contractors, temporary workers and other contingent workers,. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world’s most respected companies, visit www.IQNavigator.com.

About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.

Sponsors and partners of The 2012 American Business Awards include American Support, Business TalkRadio Network, Callidus Software, Citrix Online, Dynamic Research Corporation, iolo technologies, John Hancock Funds, LifeLock, PetRays, Primus Telecommunications Group, SoftPro, and VerticalResponse.

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For more information, please contact:
Stephanie Burnham
Vice President, Marketing
sburnham@iqnavigator.com
303-714-9213

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IQNavigator Wins Prestigious Corporate Award Recognizing Best Companies in EMEA Region

IQNavigator Wins Silver “Best Overall Company of the Year” Award for Organizations with Operations in Europe, the Middle East and Africa

Denver – May 15, 2012 – IQNavigator Inc., the leading provider of services e-procurement solutions to Global 2000 companies, has been named one of the top companies in the EMEA region by the Best in Biz 2012 EMEA Awards, a global awards program that recognizes excellence, innovation, management quality and other attributes of the world’s best companies. IQNavigator received the Silver Award for Best Overall Company of the Year in Europe, the Middle East and Africa. This award follows IQNavigator’s win of the 2011 Best in Biz Award for Most Innovative Company in the United States.

The Best in Biz Awards is the only independent international business awards program judged by members of the press and industry analysts, and winners of the Best in Biz 2012 EMEA Awards were selected from public and private companies representing all sectors of the economy from more than 20 countries in the EMEA region.

“IQNavigator has excelled in supporting EMEA-based Global 2000 companies that benefit from our solutions for managing services procurement and non-employee workers. Our progress in EMEA has driven great success for us and our clients, and this prestigious award is a powerful confirmation of that,” said John F. Martin, chief technology officer and CEO of international markets for IQNavigator.

In 2011, IQNavigator made expansion of its EMEA operations a top strategic priority in order to meet rapidly growing demand for its vendor management system (VMS) and services e-procurement solutions, which help global enterprises better manage their non-employee workforces and procured services around the world.

To lead the company’s growth in EMEA, IQNavigator appointed its COO John F. Martin as the company’s CEO of International Markets in 2011. Expansions also included an increased EMEA Support Centre staff, sales and operations teams, and more. The expanded operations team has driven rapid expansion in EMEA and the company announced unprecedented growth in a year-end announcement in January 2012. IQNavigator reported a record-breaking number of new clients won in 2011, with SaaS software revenue at a 28 percent increase during the year.

In addition to aggressively expanding its EMEA operations, IQNavigator also began publishing the UK IQNdex – data that serves as a unique economic indicator for the UK providing insight into market trends that are not available from any other organization or government agencies. The data is also being used by EMEA companies to better understand labor trends and make smarter decisions about their workforce decisions.

About Best in Biz Awards
Best in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by established members of the press and industry analysts. Best in Biz Awards honors are conferred in two programs covering the U.S. and Canada, as well as EMEA (Europe, Middle East and Africa), respectively. Any organization from any industry boasting demonstrated success in the awards program’s region can enter any of the more than 40 company, department or team, executive and product categories. For more information about the submission process and categories in both the U.S. and EMEA programs, please visit: http://www.bestinbizawards.com.

About IQNavigator
IQNavigator is the proven leader in services procurement solutions, helping global enterprises better manage all types of procured services and their non-employee workforces around the world. IQNavigator’s cloud-based VMS software processes tens of billions of dollars in yearly services spend, enabling clients to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs. For more than a decade, IQNavigator has been the leader in providing innovative technology solutions for managing companies’ procured services including statement of work and project-based consultants, contractors, temporary workers and other contingent workers,. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world’s most respected companies, visit www.IQNavigator.com.

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For more information, please contact:
Stephanie Burnham
Vice President, Marketing
sburnham@iqnavigator.com
+1-303-714-9213

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IQNavigator Wins SIIA CODiE Award for Best Supply Chain Management Solution

Also a CODiE Finalist for Best Human Capital Management Solution

CODIE_2012_winnerDENVER – May 14, 2012IQNavigator Inc., the leading provider of services e-procurement solutions to Global 2000 companies, today announced it has won the SIIA CODiE Award for the Best Supply Chain Management Solution.

The Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries, announced IQNavigator’s win as one of 28 CODiE Award winners in business software categories. An SIIA CODiE Award win for software companies is an especially prestigious honor as each award winner was first reviewed by a field of software industry executives, whose evaluations determined 119 finalists. SIIA members then reviewed these finalists and voted to select 28 CODiE Awards Winners.

IQNavigator’s vendor management system (VMS) was selected as The Best Supply Chain Management Solution for demonstrating superior capabilities in ease of use, integration with other systems, ease and speed of implementation, overall performance and collaborating among business partners.

“Having the most capable software to drive the leading value proposition in the industry is part of IQNavigator’s DNA,” said John F. Martin, chief technology officer and CEO of emerging markets for IQNavigator. “Our solution spans the entire spectrum of managing both procured services and the non-employee workforce, as evidenced by being a CODiE finalist in both Supply Chain and Human Capital categories for two years running.”

“This year’s winners reflect excellence and vision,” noted SIIA Vice President for the Software Division, Rhianna Collier. “I’m proud to congratulate them on the success of their applications, platforms, and products.”

These CODiE awards are the latest in a series of honors that IQNavigator has received in recent months, including:

  • The Most Innovative Company of the Year silver award in the 2011 Best in Biz Awards, the only national business awards program judged by members of the press and industry analysts.
  • Recognition as the multi-national program leader by Staffing Industry Analysts (SIA) in its annual analysis of the industry.
  • The award for “Top Technology Company in Colorado” by ColoradoBiz Magazine for IQNavigator’s community involvement, consistent growth and product innovation.

For more information about the CODiE Awards, visit http://www.siia.net/codies/2012

About SIIA
The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education, and intellectual property protection to more than 500 leading software and information companies. The SIIA Software Division provides a forum for companies developing the applications, services, infrastructure and tools that are driving the software and services industry forward. For further information, visit www.siia.net/software

About the SIIA CODiE™ Awards
The SIIA CODiE™ Awards, originally called the Excellence in Software Awards, were established in 1986 by the Software Publishers Association (SPA), now the Software & Information Industry Association (SIIA), so that pioneers of the then-nascent software industry could evaluate and honor each other’s work. Since then, the CODiE Awards program has carried out the same purpose – to showcase the software and information industry’s finest products and services and to honor excellence in corporate achievement.

About IQNavigator
IQNavigator is the proven leader in services procurement solutions, helping global enterprises better manage all types of procured services and their non-employee workforces around the world. IQNavigator’s cloud-based VMS software processes tens of billions of dollars in yearly services spend, enabling clients to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs. For more than a decade, IQNavigator has been the leader in providing innovative technology solutions for managing companies’ procured services including statement of work and project-based consultants, contractors, temporary workers and other contingent workers,. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world’s most respected companies, visit www.IQNavigator.com.

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For more information, please contact:

IQNavigator
Stephanie Burnham, Vice President of Marketing
sburnham@iqnavigator.com
303-714-9213

SIIA
Laura Greenback
lgreenback@siia.net
410-533-1943

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First Quarter IQNdex Illustrates Temporary Worker Bill Rates More Susceptible to Changing Market Demands than Employee Salaries

IQNavigator releases IQNdex for first quarter 2012, highlights latest trends in U.S. temporary labor bill rates by job sector and region

DENVER, April 18, 2012 – IQNavigator Inc., the leading provider of services e-procurement solutions to Global 2000 companies, today released the findings from its First Quarter 2012 U.S. IQNdex report. IQNdex provides data, insights and analysis of the temporary labor market that is not available from any other source and measures the rapidly shifting relationship between demand and supply of the U.S. temporary workforce.

Among the notable trends in Q1, the report uncovered:

  • The Professional-Managerial job sector remains under the greatest upward rate pressure.
  • While temporary labor hiring has been strong since mid-2011, temporary worker bill rates have remained fairly stable since then.
  • The Northeast region continues to see increases in bill rates while the West region declined in Q1 2012.

Salaries vs. Bill Rates
In the First Quarter 2012 IQNdex report, analysis of employee salary trends compared against temporary worker bill rates reveals that while employee salaries appear to inexorably rise, temporary worker bill rates fall and rise with market supply and demand. In fact, the Bureau of Labor Statistics shows employee salaries have continued to rise throughout the recession and subsequent period of high unemployment, while temporary worker bill rates clearly responded to decreased buyer demand and surplus labor supply.

While the gap between employee salary trends and temporary worker bill rate trends narrowed in 2011, a difference has persisted over several years (see Graph 1). With unemployment still over 8 percent and a low level of participation in the workforce, for now there remains a reserve of untapped talent to meet increased demand.

Graph 1: Employer Cost Per Hour vs. Master IQNdex

IQNdex 1q2012 - Graph 1: Employer Cost Per Hour vs. Master IQNdex

“IQNdex provides actionable information that employers can use to optimize their contingent labor strategy and make adjustments resulting in more value for their labor spend,” said John F. Martin, chief technology officer and CEO of Emerging Markets for IQNavigator. “Companies that understand the gap between demand and supply for non-permanent workers illustrated in this quarter’s IQNdex can be proactive in renegotiating rates as temporary worker assignments come up for renewal.”

IQNdex Provides Source of Custom Benchmarking for Global 2000
More detailed analysis often yields a deeper story, and the First Quarter 2012 IQNdex report provides insight into specific job sectors and geographic regions, and how other economic trends are impacting employers and workers. Further explanation and evidence on these findings is provided in the First Quarter 2012 IQNdex report, available for download at http://www.iqntelligence.com. Clients of IQNavigator can also request custom market rate analyses (MarketIQ) and detailed benchmark rate reports (RateIQ) via their IQNavigator account manager.

About IQNavigator
IQNavigator is the proven leader in services procurement solutions, helping global enterprises better manage all types of procured services and their non-employee workforces around the world. IQNavigator’s cloud-based VMS software processes tens of billions of dollars in yearly services spend, enabling clients to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs. For more than a decade, IQNavigator has been the leader in providing innovative technology solutions for managing companies’ contingent labor and other services, including statement of work and project-based consultants, contractors and other temporary workers. Clients use IQNavigator’s VMS software across all types of labor categories including contingent, heavy industrial, light industrial, IT, professional, field services and many more , resulting in dramatically lower costs, mitigation of legal and financial risks and more strategic use of non-employee labor to achieve key business objectives. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world’s most respected companies, visit www.IQNavigator.com.

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Note to Editors: A detailed graph is being released along with this announcement: Employee Cost Per Hour vs. Master IQNdex. Additional graphs and a full white paper are available upon request.

Media Contact:
Stephanie Burnham
Vice President, Marketing
sburnham@iqnavigator.com
303-714-9213

Want more News? View the Press Release Archive

IQNavigator Selected as a Finalist in Two CODiE Award Categories for Second Year in a Row

IQNavigator enterprise software is recognized as the one of the market’s best human capital management solutions and best supply chain management solutions

CODiE Awards Finalist 2012DENVER, March 22, 2012 – IQNavigator Inc., the leading provider of services e-procurement solutions to Global 2000 companies, has once again been named a finalist in two categories by the Software and Information Industry Association (SIIA) CODiE Awards, for “Best Supply Chain Management Solution” and “Best Human Capital Management Solution.”

IQNavigator was selected as a finalist in the Best Supply Chain Management Solution category based on its enterprise software’s support for collaborating among business partners, integration with other systems, ease and speed of implementation, ease of use and overall performance, in addition to other criterion.

The Best Human Capital Management Solution category recognizes the best software solution that automates any aspect of human resources management. The IQNavigator VMS solution allows efficient and effective management of the entire extended workforce – all types of non-employees such as temporary workers, consultants and outsourced personnel – for compliance, visibility, security and safety.

“It is an honor to be recognized by the CODiE Awards for the second consecutive year,” said John F. Martin, CEO of international markets and chief operating officer for IQNavigator. “The awards are an industry accolade for our continual work advancing and innovating our cloud-based SaaS software to help Global 2000 clients effectively manage all types of non-employee workers and procured services.”

IQNavigator is among hundreds of nominations that underwent extensive reviews by judges via live demonstration, trial product access and analysis of product documentation. The winners will be announced on May 10th during a special presentation held in conjunction with the SIIA All About the Cloud conference in San Francisco.

About the SIIA CODiE Awards
The SIIA CODiE Awards recognize excellence in the business software, digital content, and education technology industries. All nominated products and services receive a thorough review from seasoned industry experts who can identify strengths and give significant insights for improvements. In 27 years, SIIA has recognized more than 1,000 companies for achieving greatness in industries that expect innovative thinking and demand market validation.

About IQNavigator
IQNavigator is the proven leader in services procurement solutions, helping global enterprises better manage all types of procured services and their non-employee workforces around the world. IQNavigator’s cloud-based VMS software processes tens of billions of dollars in yearly services spend, enabling clients to intelligently manage and optimize the cost-effectiveness, compliance, visibility and efficiency of complex services procurement and contingent workforce programs. For more than a decade, IQNavigator has been the leader in providing innovative technology solutions for managing companies’ contingent labor and other services, including statement of work and project-based consultants, contractors and other temporary workers. Clients use IQNavigator’s VMS software across all types of labor categories including contingent, heavy industrial, light industrial, IT, professional, field services and many more , resulting in dramatically lower costs, mitigation of legal and financial risks and more strategic use of non-employee labor to achieve key business objectives. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world’s most respected companies, visit www.IQNavigator.com.

# # #

For more information, please contact:
Stephanie Burnham
Vice President, Marketing
sburnham@iqnavigator.com
303-714-9213