InnerWorkings Signs Multi-year Print Outsourcing Agreement with The Scotts Co.
CHICAGO—Dec 1, 2009—InnerWorkings, Inc. (Nasdaq:INWK), a leading global provider of managed print and promotional solutions for corporate clients, announced today that it has entered into an enterprise outsourcing procurement agreement with The Scotts Co., a wholly owned subsidiary of The Scotts Miracle-Gro Co. (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden products.
Under this agreement, Scotts will outsource all of its direct mail, point of purchase and commercial print and print related procurement to InnerWorkings.
"When we made the decision to outsource the print management function, we selected InnerWorkings based on their prior client successes, technology and informational advantage and innovative service model," said Pete Supron, Senior Vice President, Global Purchasing for Scotts. "We look forward to working with InnerWorkings as we streamline our processes and enhance our operating efficiencies."
As part of the service implementation, a team of InnerWorkings' professional production managers will be deployed and permanently located at the Scotts headquarters in Marysville, Ohio. In addition, InnerWorkings will hire a select group of Scotts' current employees to join InnerWorkings' team. By hiring existing internal resources, InnerWorkings is able to reduce overhead costs, while at the same time retaining talented individuals and their valuable insight into the culture of its client companies.
"Corporate America's growing interest in InnerWorkings' print management outsourcing model and sophisticated technology is continuing to drive significant gains in our market share," said Eric Belcher, CEO of InnerWorkings. "We are proud to have Scotts join the impressive list of industry leaders that have embraced our solution."
About InnerWorkings, Inc.
InnerWorkings, Inc. (Nasdaq:INWK) is a leading global provider of managed print and promotional solutions for corporate clients across a wide range of industries. With proprietary technology, an extensive supplier network and domain expertise, the Company procures, manages and delivers printed materials and promotional products as part of a comprehensive outsourced enterprise solution. The Company is based in Chicago with additional offices in the United States and in the United Kingdom. For more information on InnerWorkings, visit: www.inwk.com.