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Voltas Ltd. Engages Zycus for Sourcing Event Management

MUMBAI, India, February 3, 2011 - Zycus, a world leader in Spend Management Solutions, announced today that it has engaged with India’s Voltas Limited - one of the world’s premier engineering solutions providers and project specialists - to provide eSourcing Event Management Services.

With customers throughout the Middle East and Asia-Pacific regions, Voltas offers engineering solutions, equipment design and manufacturing, and end-to-end project management and support services in such areas as HVAC, electromechanical, textile, mining and construction, materials handling, water management and treatment, cold chain solutions, building management systems, and indoor air quality.

Voltas is implementing state-of-the-art cost and spend-management disciplines throughout its enterprise from an executive level and is looking to progress rapidly to best-in-class performance. “We have identified a number of immediate strategic sourcing opportunities and will take advantage of the Zycus team’s expertise, experience and access to global supply-market intelligence to structure and manage those events.” says S Muthukumar, Corporate Planning at Voltas. In a pilot sourcing event, the Zycus team was able to demonstrate its capabilities to Voltas, delivering percentage savings in the double-digits.

“Like other high-performance global companies,” observes Zycus Marketing VP Anurag Dixit, “Voltas has identified where it wants to go with strategic sourcing and spend management and wishes to reach its objectives in the shortest possible timeframe. We are delighted to have this opportunity to assist Voltas in reaching its goals for cost and spend management.”

About Zycus

Zycus provides global spend management solutions to more than 200 leading global companies, helping CFOs and procurement leaders drive increased profits, through real savings. Through world class Spend Management solutions which include Spend Analysis, Strategic Sourcing and Contract Management, Zycus' software-driven solutions have proven themselves to be a critical component in the CFO's toolbox to cut costs and improve enterprise competitiveness. Zycus' suite of solutions empower organizations with greatly improved visibility into their spend, help them identify savings opportunities and generate real savings through strategic sourcing and improved contract compliance. Founded in 1998, Zycus has helped various companies of all sizes, save upto 20% of their procurement costs, resulting in improved bottom-line performance.

Today, Zycus is a well respected solutions provider in the procurement space, and has more than 400 employees across North America, Europe and Asia-Pacific. To learn more about Zycus, e-mail information@zycus.com or visit www.zycus.com.

Press Contacts
Rahul Awtaney
Manager - Public Relations & Analyst Relations, Zycus Inc.
rahul.awtaney@zycus.com
Direct: +1 866 563 9219

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