08.01.2009 13:30:00
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Sanofi-aventis Canada Inc. Licenses I-many ContractSphere to Manage Complex Pharmaceutical Contracts
I-many, Inc. (NASDAQ:IMNY), a leading provider of contract management software and services for the enterprise, today announced that sanofi-aventis Canada Inc. ("sanofi-aventis Canada”) has signed an agreement with I-many to license the latest generation of I-many’s contract management suite of products.
The license agreement and associated maintenance and support contract include products from across the suite of I-many’s ContractSphere including I-many Contract Analytics, I-many Contract Manager, I-many CARS®, I-many Government Pricing, and I-many CARS Business Intelligence. The combination of these products will put sanofi-aventis Canada in the position to manage the entire contracting process from pre-deal analytics through offer development, negotiation, execution, adjudication, post-deal analysis and renewal. Sanofi-aventis Canada has also contracted with I-many to perform the professional service installation.
Sanofi-aventis Canada is the first company to license I-many Contract Analytics, the newest product in I-many’s ContractSphere® suite. I-many Contract Analytics was announced in October, along with the full ContractSphere suite, as a response to the Life Science industry’s growing need to provide consistent key performance indicators across products and segments.
Furthermore, I-many Contract Manager played a key role in sanofi-aventis Canada’s choice of I-many’s solutions, as the product will become the central repository for all contracts of sanofi-aventis Canada. The centralized repository will enable sanofi-aventis Canada to manage the core contracting functionality across all commercial contracting operations. Contract Manager will help to ensure process and pricing policy compliance across the company and enhance audit trail capability throughout the life-cycle of every contract.
"We are thrilled to see the latest generation of the I-many contract management suite being enthusiastically received by world-class pharmaceutical companies such as sanofi-aventis,” said John Rade, president and CEO of I-many. "Securing sanofi-aventis Canada as a customer for ContractSphere in such a rollercoaster economy demonstrates the strength of I-many’s product offering and proves there is sufficient ROI for businesses to justify investment even in today’s environment if they utilize our contract management solutions.”
About I-many®
I-many (NASDAQ:IMNY) is the leading provider of contract management software and services for the enterprise. With hundreds of companies across 21 industries worldwide, I-many is enabling businesses to manage the entire contract life cycle, from pre-contract processes and contract management to active compliance, contract optimization, demand channel visibility and control. The result is an end-to-end solution that provides greater levels of insight into contract performance, allowing companies to improve profitability and achieve a measurable return on investment. For more information, please visit www.imany.com.
About sanofi-aventis
Sanofi-aventis, a leading global pharmaceutical company, discovers, develops and distributes therapeutic solutions to improve the lives of everyone. Sanofi-aventis is listed in Paris (EURONEXT: SAN) and in New York (NYSE: SNY).
Sanofi-aventis is represented in Canada by the pharmaceutical company sanofi-aventis Canada Inc., based in Laval, Quebec, and by the vaccines company Sanofi Pasteur Limited, based in Toronto, Ontario. Together they employ more than 2,000 people across the country. For more information, please visit: www.sanofi-aventis.ca
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time in the Company’s filings with the Securities and Exchange Commission.
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