The Toro Company Selects Verticalnet's Enterprise Supply Solution


MALVERN, Pa., Dec. 19, 2006 -- Verticalnet, Inc., a leading
provider of supply management solutions, today announced
that The Toro Company a $1.5 billion provider of outdoor
maintenance and beautification products for home,
recreation, and commercial landscapes around the world, has
selected Verticalnet's Enterprise Supply Management Solution
as the company's platform for global strategic sourcing
initiatives.

The Toro Company selected Verticalnet's solution to
facilitate the strategic sourcing process. Verticalnet's
sourcing tools complement Toro's focus on optimizing the
supply chain by improving collaboration between internal
stakeholders and suppliers, lowering the cost of goods and
services and automating the end to end sourcing process for
direct and indirect materials and services.

"Today, leading companies such as The Toro Company have a
total cost focus that concentrates on improving the pricing,
quality, delivery and performance of its suppliers," said
Nathanael Lentz, CEO of Verticalnet. "Verticalnet is excited
to work with Toro to meet these objectives."

About The Toro Company

The Toro Company with $1.5 billion in sales annually, is a
leading provider of outdoor maintenance and beautification
products for home, recreation, and commercial landscapes
around the world. Together with its distributors, Toro
provides innovative products, agronomic expertise and
exemplary service that helps consumers and professionals
maintain their landscapes. Visit the company website at
http://www.thetorocompany.com.

About Verticalnet

Verticalnet, Inc. provides on-demand supply management
solutions to companies primarily in the United States and
Europe. It offers its supply management software and
services in various areas, such as program management, spend
analysis, eSourcing, contract management, and supplier
performance management. The company's Verticalnet XE suite
of software solutions consist of five modules: Program
Manager, Spend Manager, Negotiation Manager, Contract
Manager, and Performance Manager.

Contact:
Verticalnet, Inc.
Karen Vaughnn
(610) 758-3677
http://www.verticalnet.com

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