Tagged Content: Breaking News

Coupa Buys Contractually to Improve Contract Management

Efficio Coupa has acquired cloud-based contract management solution provider Contractually. Terms of the deal were not disclosed, but Spend Matters believes this was not a substantial acquisition in financial terms. From a capability perspective, however, the acquisition appears clever on multiple fronts, even if Coupa is not acquiring a standalone contract lifecycle management (CLM) provider. The acquisition adds collaboration and authoring capabilities that reduce contract risk, reduce errors and increase efficiency.

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Taulia Announces $46M in Series E Funding Round

photodune-3111204-payoff-xs1-228x138 Taulia announced Thursday it raised $46 million in financing, which Spend Matters sees as encouraging news for 2016. The recent Series E financing was led by Zouk Capital. Taulia said the new investment allows the financial supply chain to “accelerate its rapid expansion,” the company’s press release stated. It also brings total funding for Taulia to more than $130 million.

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The FTC Gets it Right with its Injunction Against a Staples and Office Depot Merger

- December 7, 2015 4:14 PM | Categories: Breaking News, Industry News, M&A

Staples Office Depot merger The Federal Trade Commission announced Monday that it is filing an injunction to prevent the planned merger by Staples and Office Depot. Simultaneously, the Canadian Competition Bureau also filed to block the transaction with Canada’s Competition Tribunal. Yet for CPOs and category managers, this announcement brings some level of opportunity. Staples and Office Depot will undoubtedly try to provide yet another remedy to the FTC and maybe even tactically conduct business as if the merger will eventually take place.

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SAP Announces Integration of Fieldglass and SuccessFactors

Staples Office Depot merger SAP announced Tuesday the initial integration of the vendor management system (VMS) Fieldglass and the human capital management (HCM) solution SuccessFactors. Both Fieldglass and SuccessFactors are SAP solutions. SuccessFactors is used by enterprises to manage their employee workforces; Fieldglass, acquired by SAP in May 2014 for a reputed sum of more than $1 billion, enables the management of contingent workforce and staffing suppliers. With the integration, organizations will “now be able to upload data from Fieldglass into contingent profiles in SAP SuccessFactors Employee Central, making them visible to everyone in the organization through people searches and organizational charts,” the press release said.

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Field Nation Introduces a ‘Complete,’ Comprehensive Field Workforce Management Solution

independent workforce Field Nation, a WIP that enables businesses to engage and orchestrate various types of technical field services workers, has announced a new platform extension called Field Nation Complete. Complete allows businesses to now seamlessly manage not just directly engaged independent contractors, but also employee workers and the field services workers of third-party service delivery providers, giving businesses and service delivery providers the capability to plan and manage an entire field workforce comprehensively.

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ICon Acquires Synergy Services — Independent Workforce Ecosystem Continues to Take Shape

Efficio ICon Professional Services announced Monday its acquisition of Synergy Services for an undisclosed amount. The two companies are, at their core, providers of compliance and payment services that allow organizations to engage independent workers. We had the opportunity to talk with ICon CEO Teresa Creech and Synergy Founder and CEO Tim Miller to gain some additional insights into the acquisition and the rationale of combining the two companies.

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Tradeshift Releases Corporate Buying Solution: Tradeshift Buy

- September 29, 2015 5:05 PM | Categories: Analysis, Breaking News, Industry News, Technology

Tradeshift Tradeshift announced today it released its new corporate buying solution, Tradeshift Buy, which the company said will increase visibility, improve spend management and add product content opportunities for buying organizations. Check out our initial analysis.

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Field Nation Raises $30 Million of Private Equity Funding, Bringing More Capital to WIP Space

- September 10, 2015 9:01 AM | Categories: Breaking News, Finance, Industry News, Technology

Field Nation Work intermediation platform Field Nation announced Thursday it closed a $30 million investment round led by Susquehanna Growth Equity. This funding event represents strong investor confidence in Field Nation’s potential, as well as a continuing flow of capital into the emerging work intermediation platform (WIP) space. From a services procurement and contingent workforce management standpoint, this investor backing further validates our view that WIPs will continue to evolve to become a significant part of the contingent workforce ecosystem.

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Tradeshift Acquires Product Information Management Provider Merchantry

- August 11, 2015 11:15 AM | Categories: Breaking News, Invoicing, M&A, Technology

Screen Shot 2015-05-04 at 17.59.53 Tradeshift announced Tuesday the acquisition of Merchantry, a leading cloud-based product information management (PIM) provider, for $30 million in cash and stock. While Merchantry has traditionally focused on sell-side and retail product information management, its technology is a close fit with what is necessary to enable catalog content management for procurement – and deeper in a range of areas based on past use case support.

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Infor to Acquire GT Nexus: ERP + Global Trade = New Network Vision

- August 11, 2015 10:29 AM | Categories: Breaking News, Industry News, Technology, Trade Financing

Efficio Infor announced Tuesday it was acquiring GT Nexus for $675 million. The transaction is expected to close before the end of September, based on regulatory approval. Infor has a long history of financially-driven acquisitions that keep investors happy and deliver enough innovation to customers to keep them on their systems. But the GT Nexus deal appears to be something more. The worlds of ERP and global trade are so sufficiently different that to combine 2 companies serving these markets effectively will require a new approach and vision – or as CEO Charles Phillips labels it, “postmodern ERP.” Indeed it is.

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Virtual Assistant Platform Zirtual Suddenly Suspends Operations – Buyer Beware

SciQuest The virtual assistant company Zirtual suspended operations without warning Monday, freezing all accounts and leaving both clients and their assistants effectively “locked out.” The company, headquartered in Las Vegas, sent an apologetic email in the early morning indicating it would be “pausing all operations.” The email explained further that “due to a combination of market circumstances and financial constraints we must re-organize our current structure.” Spend Matters came to know about this early today, because we were a happy customer of Zirtual phoned up by our Zirtual assistant, who gave us the news.

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InvoiceSmash Acquisition: Coupa Attempts to Smash Other E-Invoicing and Supplier Networks

- July 7, 2015 11:20 AM | Categories: Breaking News, M&A

Efficio Coupa announced Monday it had acquired InvoiceSmash, an upstart vendor from Australia that looks somewhat similar, on the surface, to the type of PDF extraction e-invoicing services offered by providers like Transcepta and Tradeshift, among others, that extract data and metadata from documents and then present them in an easy to leverage format from an accounts payable automation.

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