Emptoris

Last updated
Emptoris Inc.
Company typeIBM Subsidiary
IndustryStrategic Supply, Category Spend and Enterprise Contract Management Solutions
Founded1999
FounderAvner Schneur
Headquarters
Burlington, Massachusetts
,
U.S.
Area served
World Wide
ProductsSpend Analysis, Sourcing, Contract Management, Supplier Lifecycle Management, Services Procurement, Strategic Supply Management Suite, Telecom Expense Management, Virtual Supplier Master, Program Management, Event Monitoring Services
Number of employees
725 [1]
Website IBM Procurement Solutions

Emptoris is a brand within IBM's Commerce Portfolio.

Contents

History

Late 1999 Avner Schneur founded Emptoris with a goal to transform the strategic sourcing. When acquired by IBM, Emptoris was a developer and provider of strategic supply and contract management software including applications for spend analysis, sourcing, contract management, supplier lifecycle management, services procurement, compliance management and telecom expense management. In January 2011, the company announced the acquisition of Rivermine, Inc., a provider of telecom expense management (TEM) solutions. In May 2011, Emptoris acquired Xcitec, a provider of supplier management software headquartered in Munich, Germany. With these two acquisitions, the company had six applications, more than 350 Global 1000 customers, over 725 employees globally, and combined projected annual growth in excess of 20%. [2] In August 2011, Emptoris was included on the 2011 Inc. 5000 list of the fastest-growing private companies. [3] The company has partner relationships with management consulting firms including Accenture, Deloitte and IBM. The company's solutions can be deployed on-premises or via a software-as-a-service ("SaaS") model. The company is headquartered in Burlington, MA, USA, and has operations in Fairfax, VA; Reading, UK, Munich, Germany; Shanghai, China, and Pune, India, among other locations.

On December 15, 2011, IBM announced a deal to acquire Emptoris as part of its "Smarter Commerce" initiative. [4] On February 1, 2012, IBM announced the completion of the acquisition of Emptoris. [5]

On May 17, 2017, IBM announced a strategic partnership with SAP Ariba. IBM would be sunsetting Emptoris products and directing customers to SAP Ariba. [6]

Acquisitions

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References

  1. ↑ Supply and Demand Chain Executive
  2. ↑ Boston Business Journal
  3. ↑ Inc. 5000
  4. 1 2 IBM.com
  5. 1 2 IBM.com
  6. ↑ "IBM Newsroom". Archived from the original on May 21, 2017.
  7. ↑ Supply China Management Review
  8. ↑ Procurement Leaders [ permanent dead link ]
  9. ↑ Aberdeen Group
  10. ↑ Boston Business Journal
  11. ↑ Aberdeen Group
  12. ↑ Boston Business Journal
  13. ↑ eWeek
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