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Procurement Professional is the official publication of CIPS Australasia
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IBM to acquire Emptoris25 Jan 2012IBM has announced the intent to acquire Emptoris, Inc., a leading provider of strategic supply, category spend and contract management solutions. IBM is keen to apply Emptoris’ capabilities into its Smarter Commerce commerce lifecycle business.
Smarter Commerce is designed to help companies better integrate and more effectively manage their value chain, including buy, market, sell, and service processes to put the customer at the centre of decisions and actions leading to greater customer loyalty, revenue and margin growth and agility.
With this acquisition, IBM extends its “buy” portfolio of solutions focusing on the needs of procurement and sourcing professionals. Procurement and sourcing professionals increasingly need better supplier management, spend analysis and contract management solutions to lower sourcing costs, improve contract compliance and help meet growing customer expectations of supply chain efficiency.
Emptoris is a market leader in delivering these benefits by automating vendor negotiation, management and compliance to reduce operational cost and risk.
Along with its software solutions, Emptoris brings to IBM a team of over 700 employees around the world.
Emptoris will be integrated into the Industry Solutions division of the IBM Software Group.
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