I reached out to AECSoft's Tom Ren to get his take on the note and he suggested, "Obviously CVM is playing dirty again by distorting SciQuest's press release. Certainly we will continue to provide best in class Supplier Diversity and Supplier Management solutions for all industries." He further opined, "AECsoft [is] merging with a public traded company to offer Supplier Diversity and Supplier Management [at] a much larger scale, with 10 times more resources and influence."
While I will leave it to you to interpret whether or not you agree with CVM's certainly aggressive -- and I would argue disingenuous -- marketing tactic, I've come to believe this sort of stuff is par for the course in the software industry. But there are a number of reasons why what CVM claims should not matter one bit when it comes to deciding what supplier diversity provider to work with (which, in my opinion, should largely amount to a cost- and simplicity-driven decision at this point, given that at least four providers offer the same -- I would argue commodity -- supplier diversity data right now).
I'll examine why tomorrow in Part 2 of this post.
- Jason Busch