Foster City, CA - February 22, 2011

Rearden Commerce Building Foundation For Future Growth

Company seeks to add up to 40% to its employee base to support business growth

Rearden Commerce, a next generation eCommerce platform company, today announced a major hiring initiative. With substantial business growth in all its operating channels, the company is positioning itself to optimize the business momentum it has been gaining over the past year.

Specifically, Rearden Commerce seeks to add close to 200 engineers to its technology team. The engineering staff is expected to be based in Foster City and San Jose, California. In addition to expanding its technology team, the company is also building out its core infrastructure, including sales, marketing and field operations. Rearden Commerce will also be expanding its Development Center in Bangalore, India.

"Rearden exited 2010 with over 20 million consumers on its platform. We expect this number to continue to grow rapidly," said Patrick Grady, founder and CEO Rearden Commerce. "We are excited to be in a position to invest in growth and are focused on having the right mix of talent to ensure we can support the pace of growth and merchandize it effectively for our customers and business partners."

Rearden Commerce holds one of the most comprehensive footprints in the B2B space. With applications in travel, expense management and procurement, Rearden Commerce solutions can manage non-payroll spend for companies of all sizes. The company also provides essential catalog, merchandising and purchasing solutions that are the foundation of leading consumer loyalty programs.

"Rearden Commerce's vision is to fundamentally transform eCommerce by enabling the most personalized, relevant and valuable transactions for buyers and sellers alike," added Mr. Grady. "Our company is growing rapidly because the customers, partners and merchants that collaborate with Rearden Commerce across our ecosystem are evolving their businesses and dramatically improving their bottom line."