Spend Matters Afternoon Coffee

Exciting news from Rearden!
Rearden Commerce raises $133M more -- Rearden Commerce, an online concierge and commerce platform provider, has secured $133 million in new funding from current investors American Express and JPMorgan Chase, as well as from new investor Citi.

More exciting news from Rearden!
Rearden Commerce Acquires HomeRun -- Rearden Commerce, creator of the Deem™ platform, today announced that it has acquired HomeRun.com, creator of the HomeRun® social-buying service and its OfferEngine™ platform, which powers group commerce programs for many of the best known consumer web sites. Transcending today's basic "Daily Deals" models, the companies intend to leverage a disruptive combination of large-scale consumer and merchant distribution, big data and advanced personalization technology to present highly-relevant offers to consumers based on their identities, locations and context. The accelerated integration of HomeRun.com services into the Deem platform and ecosystem will be supported in part by Rearden Commerce's receipt of additional investment, as also announced today.

"allowable but extravagant spending."
$16 Muffins, $8 Coffees, $5 Meatballs: Justice Dept. Spending Rapped -- There's more ammunition today for those who collect evidence of government waste. In a new report covering the last few years of the George W. Bush administration and the first year of the Obama administration, the Justice Department's Office of the Inspector General found that at conferences hosted by DOJ there was some "allowable but ... extravagant" spending.

Great interview with Jeffrey Ryan of BravoSolution.
Interview: Jeffrey Ryan of BravoSolution -- For almost 20 years now, Jeff has been introducing the latest SCM concepts and raising the relative sourcing IQs of seasoned procurement professionals at dozens of Fortune 200 companies -- and now he's doing it in the healthcare industry. Jeff is BravoSolution's most senior authority on collaborative sourcing. He is an expert in the application(s) of optimization to sourcing and how it can be used to drive collaboration -- both internally and externally. He is known to be a bold (if not outspoken) thought leader on SCM matters that advance the use of collaborative techniques. Without a doubt, if you're having a hard time driving consensus around an approach to a sourcing project, Jeff's presence will be felt and he can help you drive order. He will quickly impress you and become someone you want in your professional network.

Sheena Moore

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