Emptoris
Encyclopedia
Emptoris, Inc. is a developer and provider of strategic supply and contract management software solutions including solutions for spend analysis, sourcing, contract management, supplier lifecycle management, services procurement, compliance management and telecom expense management. The company was a pioneer in the development and use of optimization technology in strategic sourcing, and is recognized by Gartner Inc.
and Forrester Research
, independent analyst firms, as one of the market’s leading providers of supply and contract management software. 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 leading provider of supplier management solutions headquartered in Munich, Germany. With these 2 acquisitions, Emptoris created a company with “a suite with six strategic solutions, more than 350 Global 1000 customers, over 725 employees globally, and combined projected annual growth in excess of 20%.” In August 2011, Emptoris was recognized on the 2011 Inc. 5000 list of the fastest-growing private companies. The company has partner relationships with management consulting firms including Accenture
, Deloitte and IBM
. The company’s solutions can be deployed on-premise 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 global locations. Marlin Equity Partners of holds a majority ownership stake in the company.
Gartner
Gartner, Inc. is an information technology research and advisory firm headquartered in Stamford, Connecticut, United States. It was known as GartnerGroup until 2001....
and Forrester Research
Forrester Research
Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Forrester Research has five research centers in the US: Cambridge, Massachusetts; New York, New York; San Francisco, California;...
, independent analyst firms, as one of the market’s leading providers of supply and contract management software. In January 2011, the company announced the acquisition of Rivermine, Inc.
Rivermine
Rivermine is a Telecom Expense Management company that specializes in managing voice, data, and wireless telecom expenses. Headquartered in Fairfax, VA, USA, its solution is available as on-premise software, Software as a Service , or managed services...
, a provider of telecom expense management (TEM) solutions. In May 2011, Emptoris acquired Xcitec, a leading provider of supplier management solutions headquartered in Munich, Germany. With these 2 acquisitions, Emptoris created a company with “a suite with six strategic solutions, more than 350 Global 1000 customers, over 725 employees globally, and combined projected annual growth in excess of 20%.” In August 2011, Emptoris was recognized on the 2011 Inc. 5000 list of the fastest-growing private companies. The company has partner relationships with management consulting firms including Accenture
Accenture
Accenture plc is a global management consulting, technology services and outsourcing company headquartered in Dublin, Republic of Ireland. It is the largest consulting firm in the world and is a Fortune Global 500 company. As of September 2011, the company had more than 236,000 employees across...
, Deloitte and IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
. The company’s solutions can be deployed on-premise or via a Software as a Service
Software as a Service
Software as a service , sometimes referred to as "on-demand software," is a software delivery model in which software and its associated data are hosted centrally and are typically accessed by users using a thin client, normally using a web browser over the Internet.SaaS has become a common...
(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 global locations. Marlin Equity Partners of holds a majority ownership stake in the company.
Products
- Spend AnalysisSpend AnalysisSpend analysis is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of reducing procurement costs, improving efficiency and monitoring compliance...
: Monitor the effectiveness of current spend initiatives. - SourcingSourcingIn business, the term word sourcing refers to a number of procurement practices, aimed at finding, evaluating and engaging suppliers of goods and services:*Global sourcing, a procurement strategy aimed at exploiting global efficiencies in production...
: Automates sourcing events from reverse auctions to complex multi-stage negotiations. - Contract ManagementContract managementContract management or contract administration is the management of contracts made with customers, vendors, partners, or employees. Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and...
: Manages the contract portfolio from initial contract through negotiation and execution. - Supplier lifecycle management: Measures performance of suppliers through monitoring, self-assessment, development, and collaboration.
- Services Procurement: Automates the purchasing workflow for multiple third-party services.
- Compliance: Ensures operational and regulatory compliance via monitoring spend and contracts.
- Telecom Expense Management: Manages the full mobile and network-related communications lifecycle.
Acquisitions
- On May 4, 2011, Emptoris announced the acquisition of Xcitec, a leading provider of supplier management solutions headquartered in Munich, Germany.
- On January 6, 2011, Emptoris announced the acquisition of Rivermine, Inc.RivermineRivermine is a Telecom Expense Management company that specializes in managing voice, data, and wireless telecom expenses. Headquartered in Fairfax, VA, USA, its solution is available as on-premise software, Software as a Service , or managed services...
, a telecom expense management company. - On May 15, 2009, Emptoris announced the acquisition of the Contract and Service Management (CSM) solutions and business from Click Commerce, Inc.Click CommerceClick Commerce, Inc. is a researching solutions company based in Hillsboro, Oregon, United States. Incorporated in 1996 as Click Interactive, Inc. in Chicago, Illinois, the company historically supplied business application software and related services....
This acquisition expanded the Emptoris product suite to include services procurement. - On July 20, 2006, Emptoris announced the acquisition of MINDFLOW, a provider of inbound supply chain planning and sourcing optimization solutions.
- On April 10, 2006, Emptoris announced the acquisition of diCarta, a company that specializes in contract management software.
- On June 6, 2005, Emptoris announced the acquisition of Intigma, a provider of spend data management technology.
- On January 3, 2005, Emptoris announced the acquisition of supplier assessment company, Valuedge, Inc., whose software is used to audit the performance of business suppliers.
- On September 15, 2003, Emptoris announced the acquisition of Zeborg, a spend analytics firm.