IQNAVIGATOR JOINS LIEUTENANT GOVERNOR JANE E. NORTON TO SUPPORT GROWTH IN AEROSPACE & DEFENSE INDUSTRY
Colorado Leader Recognizes IQNavigator as a Strategic Partner in the Expansion of State's Aerospace and Defense Marketplace
DENVER, Colorado, March 7, 2005 --
IQNavigator, Inc., the leading provider of services procurement and optimization solutions, today announced it has joined Lieutenant Governor Jane E. Norton's initiatives to promote growth in the aerospace and defense industry in Colorado. In a meeting conducted recently at IQNavigator headquarters in Denver, company executives lent their support to Norton's initiatives to promote Colorado as a state leader in the aerospace and defense industry.
With more than 135,000 Colorado citizens employed in the space technology field making Colorado the fourth largest space state, Lieutenant Governor Norton has taken a lead role to promote the stability of the aerospace industry in the state. As Colorado's delegate to the Aerospace States Association, and as a leader in the Colorado Space Coalition, Lieutenant Governor Norton is working to create a favorable and competitive environment in Colorado for the space industry. As a pioneer of services procurement and optimization solutions for aerospace and defense companies, IQNavigator is proud to join her in this initiative.
"IQNavigator has helped aerospace and defense industry companies realize anywhere from 10 to 35 percent cost savings on their outside services spend," said John P. Raeder, Jr., president and CEO of IQNavigator. "By working strategically with Lieutenant Governor Norton we hope to play an even larger role in promoting the success of these companies."
IQNavigator automates the end-to-end sourcing, procurement, delivery, and payment processes for indirect services globally. By leveraging IQNavigator's services procurement and optimization solutions, organizations quickly achieve significant cost reductions, gain process efficiencies and ensure compliance with both internal policies and government regulations. IQNavigator has been a leading provider of services procurement and optimization solutions in the aerospace and defense industry with one of its premier customers, Northrop Grumman, and in other industry verticals with Fortune 500 clients such as Shell, Sony Electronics, CH2M HILL, Level 3 Communications and Hewitt.
"I was pleased to visit IQNavigator to learn more about its offerings and contributions to the economy of our state. I find it to be a wonderful example of a growing Colorado company," said Lieutenant Governor Norton.
IQNavigator will continue to demonstrate its commitment to the industry by hosting a free educational Webinar featuring a large aerospace and defense company on Thursday, March 10, at 11 a.m. EST/ 8 a.m. PST. Registration for the Webinar is still open at www.iqnavigator.com.
About IQNavigator
Founded in 1999, IQNavigator provides services procurement and optimization solutions to Fortune 500 companies such as Shell, Northrop Grumman, Sony Electronics, Schlumberger and Alcatel. The company's award- winning suite of integrated applications enables companies to increase profitability by reducing and controlling costs for all types of outside services spending worldwide. IQNavigator has a successful track record for delivering a compelling and fast return on investment, as well as adaptable process control, enterprise-wide financial analysis and enhanced performance. The company is recognized as an industry pioneer and offers deep domain expertise in key market segments such as financial services, energy, healthcare, manufacturing and aerospace/defense. IQNavigator is headquartered in Denver, Colorado, and is found on the Web at www.iqnavigator.com.
