"Perfect Commerce, in operation since 1999 and one of the early pioneers in business-to-business e-commerce, has experienced strong growth in the past 4 quarters adding 42 new clients to a roster that now includes more than 160 Fortune 1000 companies. Pantellos, founded in 2000, brings to the merger more than 30 leading clients in the energy industry. The two companies handled more than 5 million transactions with dollar volumes of $10 billion over the past 12 months. Combined, they expect revenues of more than $30 million in 2004 and more than $40 million in 2005. Together the company will serve more than 500 clients including 51 Fortune 500 companies.

According to the Alert, Perfect Commerce Merges With Pantellos In Quest For On-Demand Leadership, published by Pierre Mitchell at AMR Research on October 26, 2004, "AMR Research feels that Pantellos' domain expertise in utilities and complex supply management processes should be a strong complement to Perfect's on-demand SRM business model, and companies who are looking for credible options to accelerate their supply management efforts and leverage their existing SRM investments should definitely look hard at Perfect Commerce."