Cisco Awards StarCite Innovation Award

StarCite, Inc., the leading provider of Web-based solutions to strategically manage corporate meetings and events, today announced that it has received the 2011 Innovation Award from Cisco. This prestigious award recognizes StarCite for implementing and delivering high-value solutions to Cisco through innovative processes, technology, and services, delivering real competitive advantage. The award was given during Cisco’s Supplier Days, held October 27 th at its headquarters in San Jose, CA.

The 2011 Innovation Award distinguished StarCite’s open architecture technology, which enables Cisco to plan and manage meetings globally across the Cisco enterprise and recognized StarCite’s direct role in improving Cisco’s management of meetings spend and operational excellence. As part of its work with Cisco, StarCite also forged a relationship with Cisco’s card solution to support spend reconciliation, analysis and reporting.

“StarCite’s technology, open architecture and innovative solution-building have benefited Cisco,” said Rob Falivene, Chief Procurement Officer, Global Procurement Services at Cisco. “We look forward to their ongoing innovation in support of our event management business framework.”

Cisco presented awards to suppliers in recognition of their contributions to Cisco’s success in fiscal year 2011. The Supplier Day Awards mark the importance of supplier relations as part of Cisco’s strategy and is a significant milestone for the company in fostering stronger supplier relationships.

“We are thrilled to be recognized by an unrivaled technology innovator like Cisco for our work enabling their world-class strategic meetings management program,” said Greg Dukat, President and CEO of StarCite.

“Cisco sets a global standard for meetings management. We congratulate them on their successes to date and look forward to collaborating on new advances in the future,” said Kevin Iwamoto, Vice President, Enterprise Strategy, StarCite.

About StarCite, Inc.

StarCite, Inc. provides a technology platform that makes meetings and event planning, booking and management easier and more cost-effective for corporations, hotels, venues and meetings suppliers worldwide. StarCite delivers visibility, cost savings and control over meetings spending for businesses and enhanced revenue opportunities for suppliers. Through Web-based, on-demand technology, StarCite automates and supports every key element of the meetings planning and procurement process: planning, budgeting, buying, attendance, payment, and results measurement. Using StarCite’s proprietary online marketplace, meetings buyers can connect and conduct business with over 83,000 hotels, venues, destinations and suppliers globally. StarCite is based in Philadelphia, PA and worldwide. Its equity holders include ICG (NASDAQ: ICGE), TPG Growth, Norwest Venture Partners (NVP), and TL Ventures. For more information about StarCite please visit www.starcite.com.

Copyright Business Wire 2010

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