CombineNet Welcomes Mark Morel to its Board of Directors

PITTSBURGH, Sept. 20 /PRNewswire/ -- CombineNet, the leading provider of advanced sourcing technology solutions, today announced that Mark Morel, co-founder and former President and CEO of Procuri, has joined the company's Board of Directors. Morel's addition to the board provides executive experience and guidance to CombineNet as it pursues an aggressive growth strategy and continued enhancement of its Software-as-a-Service (SaaS) e-sourcing product.

"CombineNet is at a pivotal point in its history, poised to become an influential player in the e-sourcing marketplace. They are executing on a strong product development strategy and boast a growing marquee customer base of global companies, including many in the Fortune 500. This is a very exciting time to join the board of CombineNet and have the opportunity to contribute my knowledge in this space," said Mark Morel.

"Mr. Morel's addition to our Board of Directors enables us to benefit from his experience creating one of the fastest growing SaaS supply chain management technology companies. His impressive leadership background, strategic insight for building successful SaaS businesses, and command of the supply chain management industry, and specifically e-sourcing technology, is a winning combination that will help us achieve our goals as we pursue rapid growth," said Rich Wilson, President and COO of CombineNet.

Morel is an experienced software industry entrepreneur who has built several very successful businesses, most notably as co-founder of Procuri which under his leadership experienced strong growth and was acquired by Ariba in late 2007. Today he is the Chairman and CEOof Whoop, Inc., a SaaS company dedicated to cross-platform mobile applications and channels. His background also includes serving as co-founder and chief administrative officer of Just Care, Inc., a private medical prison company; founder, president, COO and board member of Multi-Media Data Systems, a healthcare software development firm; and president of Meridian VAT Reclaim Inc., the U.S. marketing arm of a multi-national financial services company.

About CombineNet

CombineNet is the advanced sourcing technology company. The company's optimization-driven Software as a Service (SaaS) solutions deliver the absolute best total cost of goods and services based on the buying organization's unique business needs.  Easy to use advanced sourcing solutions significantly increase the speed and efficiency of the sourcing cycle, increasing buyer productivity and decision-making power. CombineNet has delivered more than $5 billion in bottom line savings for businesses worldwide including General Mills, PepsiCo, Procter & Gamble, Siemens and others.  For more information, visit www.combinenet.com.

SOURCE CombineNet