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The leading provider of supply chain management and intelligence solutions to the food industry

PLEASANTON, CA. - October 13, 2008

Amphire® Solutions, which recently completed a merger with iTradeNetwork (ITN), today announced its recognition as one of the Silicon Valley/ San Jose Business Journal's 50 Fastest Growing Private Companies in the Silicon Valley region. iTradeNetwork, offers SaaS (Software-as-a-Service) procurement, supply chain management and spend intelligence solutions. The Company delivers one of the most comprehensive sets of software applications for the food, hospitality and healthcare industries.

With an impressive 80.93 percent growth rate in the past three years, Amphire is the 43^rd fastest growing company in Silicon Valley, according to data published in the Silicon Valley/San Jose Business Journal.

"Through strong customer relationships with major brands, acquisitions of complementary businesses and international expansion, Amphire has grown quickly and consistently since 2000," said Mark Barnekow, CEO of Amphire and newly appointed president of International for ITN. "It is an honor to receive this award and be a part of an elite group of growing companies in the Bay Area. As our most recent merger with iTradeNetwork demonstrates, we continue to be focused on growth and scale so that we can better serve our customers."

The Silicon Valley/San Jose Business Journal's Fast 50 awards recognize the Silicon Valley's fastest growing private companies. In order to qualify, companies must have a three year sales history with an increase in FY2007 over FY2005 and have sales of more than $200,000 in fiscal year 2005. The annual Fast 50 awards and list are ranked by percentage change in net revenue from 2005-2007. Amphire received the 2008 Silicon Valley/San Jose Business Journal's Fast 50 award at an awards reception October 7, 2008 at the Club Regency at The Fairmont in San Jose.

Click here to access the Top 50 list