For a company its size, SciQuest has been among the most acquisitive of all providers in the procurement and supply chain solution sector (including technology, services, and broader solutions). These acquisitions include AECSoft (supplier management and sourcing), Upside (contract management) and, most recently, Spend Radar. See past coverage below:
- SciQuest Acquires AECSoft — P2P and Supplier Management Consolidation Accelerates(Spend Matters)
- AECSoft — A Quirky Vendor Finds a New Home with SciQuest (Spend Matters)
- SciQuest to Acquire Upside – “Upside” All Around or Not? (Spend Matters PRO)
- SciQuest Acquires Spend Radar: Company, Customer, Partner and Competitive Analysis and Recommendations (Part 1) (Spend Matters PRO)
- SciQuest Acquires Spend Radar: Company, Customer, Partner and Competitive Analysis and Recommendations (Part 2) (Spend Matters PRO)
- SciQuest Acquires Spend Radar: Company, Customer, Partner and Competitive Analysis and Recommendations (Part 3) (Spend Matters PRO)
For a company that expects to generate $90 million of revenue in 2013, three acquisitions is a lot to take on, even over a period of 2+ years, especially when weaving disparate stand-alone assets into an integrated vision and procurement solutions suite. Compared to other solution vendors, SciQuest has expanded its suite with best-of-breed components through more non-organic development (i.e., not internally built) than any other provider in the market. Moreover, they continue to enhance its core set of solutions in the eProcurement area and roll out new ones in adjacent sectors, like e-invoicing and AP services.
The rest of this PRO research brief can be found on Spend Matters PRO. If you’d like to become a Spend Matters PRO member, please subscribe. If you’re not ready to subscribe or wonder why you should, we’ve answered some FAQs here or you can email a Spend Matters team member directly. If you’re not into paying for content, we get that too. Thanks for reading!