Tecar and Contracked™ signs partnership

Hengelo, the Netherlands – March 30, 2010 – Techno Benelux B.V. today announces that it has signed a partnership with Contracked™, an award-winning pioneer of software as a service (SaaS) contract management technology.

Under the agreement, Techno Benelux B.V. will provide its automotive customers with Contracked™, an integrated web-based contract management service.

The automotive industry is in its worst cycle in decades. The market is in transition and will ultimately turn around. Forward thinking dealers should develop strategies today for future pent up demand. Auto industry analytics indicate that as much as 60% of the dealers overhead are non-employee costs. The partnership will help the automotive dealers in cutting contractual costs, increase contractual revenue and managing contractual risks. It will help the automotive industry to strengthen the procurement strategy and quality.

TECAR and Contracked™ expect to help their existing customers and increase their international automotive customer base with this new partnership. Techno Benelux B.V. (member of TECAR) signed distribution rights for the Automotive Industry.

About Techno Benelux B.V.
With over 13.000 members in Europe and North America, TECAR represents the largest international organization of procurement centers for automotive accessories, shop equipment, chemicals/oil, tires/wheels and spare parts. Techno Benelux B.V. represents the Netherland, Belgium and Luxembourg and has a seat in the TECAR Advisory board and board of Directors.

About Contracked™
Contracked™ makes it easy to control all contracts, simple or complex, manage end dates and report on important contractual items. Contracked™ is the successful and proven global leader in On Demand Contract Management without deployment and implementation costs. Contracked™ makes important contractual information authorized accessible.