Provade and Allegis Group Services Announce New Strategic Partnership and Joint Deployment for Leading Financial Services Firm

SAN MATEO, Calif., Nov. 16, 2010 – Silicon Valley-based Provade Inc., a leading provider of Vendor Management System (VMS) technology for sourcing and tracking workforce spend, announces its strategic partnership with Allegis Group Services (AGS), a global provider of workforce management solutions.

This announcement highlights the latest contract award for this joint partnership in support of a premier East Coast financial services company. This new client will leverage its Managed Service Program (MSP) relationship with Allegis Group Services and use Provade’s software to manage its contingent labor and statement of work (SOW) spend in North America. The client will integrate Provade’s technology -  the only enterprise-class VMS on the market -  with its existing Oracle purchasing, human resources and financial software.

“We believe Provade’s solution will be a valuable addition to our client.  Their software is based on an Oracle platform which allows their VMS to seamlessly integrate with our client’s internal systems.” said Chad Lane, President of Allegis Group Services. “When you combine this with the ability to manage contingent labor and project-based services, it makes for a very compelling solution.”

Provade and Allegis Group Services plan to complete the program implementation for this client later this year, becoming Provade’s eleventh new deployment this year.

“Allegis Group Services is a highly regarded provider of managed services within the industry and we view this relationship as an important element of our continued growth,” said Edward Jackson, Chief Executive Officer of Provade. “Their strong understanding of companies’ needs and our unique enterprise solution makes for a powerful combination that will serve our customers well.”

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About Provade

Provade, Inc. delivers the only enterprise Vendor Management System (VMS) for global workforce spend management. Provade’s Software as a Service (SaaS) solution helps businesses achieve efficiency and measurable savings in their staffing, statement of work (SOW) and services spend. Leveraging best in class technology, Provade VMS delivers business process flexibility, robust analytics and complete integration with ERP systems. For more information, visit www.provade.com.

About Allegis Group Services

Allegis Group Services, headquartered in Hanover, MD, provides workforce management solutions that enable our customers to optimize their use of human capital. As part of the Allegis Group family of companies, Allegis Group Services provides services such as Managed Services (MSP), Recruitment Process Outsourcing (RPO), Consulting Services and Executive Search that help build staffing supply chains, procure top talent, guide VMS technology selection and/or implement MSP programs. Transforming the Way the World Acquires Talent.  Visit www.allegisgroupservices.com to learn more.