Spend Matters has triangulated through a number of sources -- all of which should be heavily discounted and taken with many grains of salt -- that a large deal does in fact look to be shaping up with a significant vendor and possible Spend Management related acquisition targets. Hint: the vendor's core business is outside of Spend Management, though they have become someone to watch in the sector in recent years.
Is this pure speculation? No, we've heard that the deal might close very soon. But it could also fall apart as well, or get pushed out.