IBM announces a definitive agreement to acquire Emptoris Inc., a leading provider of cloud and on-premise analytics software that brings more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce.
The acquisition is the latest addition to IBM's Smarter Commerce initiative, which is aimed at helping companies respond to shifting customer buying patterns. IBM has estimated that the Smarter Commerce initiative is a $20 billion market opportunity in software alone. Emptoris brings to IBM Smarter Commerce a set of new, flexible and integrated solutions that orchestrate and manage the sourcing and procurement of goods and materials as part of supply chain management. Supply chain intelligence using these solutions enables better inventory management and can create large savings opportunities.
With this acquisition, IBM builds on its capabilities in the "buy" aspect of Smarter Commerce and extends it to a new line of c-suite executives - chief procurement officers. Procurement and sourcing professionals increasingly need better supplier management, spend analysis and contract management solutions to lower sourcing costs and risks. Emptoris is a leader in delivering these benefits by automating vendor selection, negotiation, management and compliance.
Please read the related press release, and stay informed on all acquisition news via the IBM Software Acquisitions Portal on PartnerWorld