Iasta Named a TechPoint 2005 MIRA Award Nominee
First time nomination to distinguished Indiana technology list

Indianapolis, IN, March 15, 2005

The voice of Indiana's technology based businesses today released its nominees for the 2005 MIRA awards. This group of honored companies are compiled from a large pool of Indiana based companies showing excellence in different fields of expertise. Iasta was selected as a finalist nominee in the category of Information Technology, the first such nomination for the company from TechPoint. Other Mira Award categories include Advanced Manufacturing, Health and Life Science, Gazelle Company, Professional Service Provider, Educational/Program/Department and Transportation Distribution Logistics.

To qualify, companies must derive the majority of their revenue from the sale of products or services in the information technology industry. Winners should demonstrate company financial strength and overall success. Key considerations are positive financial performance, sustainability, impact on the industry and market, and accomplishments as an outstanding corporate citizen.

Iasta, a rapidly-growing strategic sourcing software company, has been providing corporate e-Sourcing solutions since March 2000 and has become a leader in the industry with a deep client base of Fortune 1000 companies. Iasta's product, SmartSource^TM Version 6.1, allows users to administer electronic bidding events (including reverse auctions), electronic Request for Quotes/Information, project management and supplier analysis.

TechPoint, the leading change agent for Indiana's technology industry, honors emerging companies annually with their MIRA Awards to celebrate and publicize the state's top technology companies, products and individuals. The Awards represent an opportunity to showcase progress and create awareness by honoring those companies and individuals who have made significant contributions to Indiana's technology industry.

About Iasta

Iasta is a leading global provider of sourcing software and service solutions located in Indianapolis. As a significant and emerging provider of e-Sourcing applications and services, Iasta has amassed an impressive client list of over 70 companies, most of which are within the Global 1000. Through its unique combination of industry-leading web-based software, in-depth supply market information, and implementation of sourcing best practices for supply chain management, Iasta has helped customer's source goods and services with an average cost reduction of 17%, in addition to significant reductions in sourcing cycle times. For more information about Iasta, please visit www.iasta.com or call 317.594.8600.

Iasta is a trademark of Iasta.com, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.

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