Rearden Commerce™

Foster City, CA - May 6, 2008

Rearden Commerce, Inc., creator of the first web-based personal assistant and a leading choice of CFO's for managing spending on business services, today announced that it has secured $100 million in funding from investors including JPMorgan Chase & Co. (NYSE: JPM) and American Express (NYSE: AXP) with participation from Oak Investment Partners and Foundation Capital.

This funding will be devoted to supporting Rearden Commerce's rapid expansion and development plans due to the widespread adoption of its user-friendly, web-based personal assistant. The company's growth plans include dramatically expanding its B2B penetration and ultimately delivering the Rearden Personal Assistant™ to the consumer space. Additionally, the company plans to rapidly scale its on-demand platform, which supports its online personal assistant, with new merchants and third-party applications providers.

"Rearden Commerce has produced a game-changing platform that not only delivers applications that make procuring services much easier for people, but helps companies achieve significant savings," said Fred Harman, managing partner of Oak Investment Partners. "Through its broad strategic partnerships with American Express and JPMorgan Chase, the company is in a great position to dramatically expand its user base and further develop its growing ecosystem of merchants and third-party application providers."

In the past year and a half, Rearden Commerce has added more than 1,700 new companies representing more than one million contracted users. This roster includes such Fortune 500 companies as ConAgra Foods and Thomson as well as small/medium enterprises like C-COR, Diagnostic Health, and Symplified Technologies.

"Closing a round of this magnitude in today's tumultuous economic environment is a tremendous validation of Rearden Commerce's business model, our market momentum and the quality of our people and technology," said Patrick Grady, founder and CEO of Rearden Commerce. "At a time when the capital markets are closed for new investments, Rearden Commerce has captured the attention and support of credit card powerhouses Chase and American Express, as well as two of Silicon Valley's premier venture capital firms, Oak and Foundation Capital. We are excited to use these funds to continue expanding upon the Rearden Commerce vision to broaden the reach of the Rearden Personal Assistant to the mainstream."

Rearden Commerce delivers the ultimate productivity tool: the Rearden Personal Assistant. The Rearden Personal Assistant helps users quickly find and book the range of services they need based on company policies, their personal preferences, location and the context of what they're doing. Just like a seasoned executive assistant, the Rearden Personal Assistant automatically inserts details into the user's calendar and proactively notifies them of schedule changes via phone, email or text message -- whether they're in the office or on the road.

The Rearden Personal Assistant lets companies track spend across all services while applying corporate policies and managing preferred supplier relationships. Enterprises can easily set and manage spending policies, effectively communicate those policies and guide employees to preferred suppliers at the point of purchase. To see a demo of the Rearden Personal Assistant, click here: reardencommerce.com/resources/demos.php.

About Rearden Commerce

Rearden Commerce has developed the next-generation platform for commerce. The Rearden Commerce™ Platform combines a plethora of applications, services, content and powerful personalization capabilities that enable the most relevant and meaningful transactions possible. The Platform connects a network of more than 6,500 business customers across every market segment to 160,000 suppliers. More than 3 million knowledge workers and millions of consumers have access to the platform via the Rearden Personal Assistant™, which transforms today's chaotic Web and extraneous data into a highly personalized “internet assistant” experience. It simplifies a user's life contextually based upon their identity, location, and situation.

Rearden Commerce solutions deliver a new approach to spend management in the travel, procurement and finance sectors. The solutions are distributed globally by over 60 strategic partners including American Express, JP Morgan Chase, Paychex, and most leading travel management companies. For more information, visit reardencommerce.com.

Press Contact

Alicia diVittorio
For Rearden Commerce
650.376.8719
alicia.divittorio@reardencommerce.com

Kim Amsbaugh
For Rearden Commerce
650.815.1724
kamsbaugh@tieronepr.com
tieronepr.com