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Coupa Acquires DCR Workforce, Giving its Services Maestro a Full Symphony Orchestra

Coupa announced Tuesday it had acquired the technology assets of DCR Workforce, a Boca Raton, Florida-based vendor management system (VMS) provider, according to a press release. Coming on the heels of Labor Day, Coupa could not have picked a more appropriate holiday week to expand its services procurement and labor footprint. DCR’s software enables businesses to source and manage contingent workforce and services. The DCR solution will now be marketed as Coupa Contingent Workforce, part of Coupa’s broader platform.

Beeline Acquired by New Mountain Capital — The Journey Continues

Beeline, a provider of workforce management software, announced Thursday it has been acquired by New Mountain Capital, a New York City-based private equity firm, for an undisclosed amount, according to a press release. Founded in 1999, Beeline represents, alongside SAP Fieldglass, one of the “Big 2” vendor management system (VMS) providers. Its current incarnation is the result of a December 2016 merger with IQNavigator (IQN), which saw Beeline, part of staffing giant Adecco, acquired by GTCR, the owner of vendor-neutral IQN. Following the merger, Beeline and IQN were combined into a single company, renamed Beeline.

The Smart PE Money Knows When to Pay Up: Avetta Gets New Ownership

To say private equity firms have been ogling over procurement technology and solution firms of late is an understatement. The floodgates have been unleashed. Case in point: PE firm Welsh, Carson, Anderson & Stowe announced earlier Wednesday it will acquire a majority interest in Avetta, a supplier compliance and risk management firm, in a deal that likely broke multiple records (double meaning intended) in the procurement solutions market. (Another firm, TCV, will also acquire a minority stake.) The transaction is significant for the procurement technology space for a number of reasons. But perhaps most interesting, it highlights the differing approaches PE firms are taking to buying, operating and selling solution providers, as well as the kinds of business models that have become attractive (and lucrative) to these firms.

ADP Acquires WorkMarket, Steps into Contingent Workforce and Total Talent Management Space

Payroll and human capital management provider ADP announced Monday it is acquiring WorkMarket, a cloud-based workforce management solution, for an undisclosed amount, the company said in a press release. The acquisition reflects a number of important human capital trends, including the increasing use of skilled non-employee labor to perform tasks or projects and, more recently, the growing recognition that businesses need to more deeply integrate their internal employee and external contract workforce, an approach also known as total talent management.

Coupa Acquires Simeno to Augment Catalog Search and Management Capabilities

Coupa has acquired procure-to-pay (P2P) provider Simeno, extending the platform’s marketplace strategy to provide deeper and pre-integrated supplier connections and opening key markets to support continued expansion. Based in Basel, Switzerland, Simeno offers key capabilities in cross-catalog search and advanced catalog management. Large enterprises often use Simeno as a shopping front-end for systems such as SAP PM, SAP MM and Oracle iProcure to augment cross-catalog search capability.

Jaggaer to Acquire BravoSolution: Initial Thoughts and Considerations

Jaggaer announced Wednesday that it will acquire procurement suite provider BravoSolution for an undisclosed sum. The combination would make Jaggaer the “largest independent, vertical spend management solution provider in the world,” the company said in a press release, with more than 1,850 customers connected to 3.7 million suppliers in 70 countries. News of the planned deal comes nearly six months after Jaggaer’s acquisition of Pool4Tool, a provider of sourcing and purchasing solutions for direct materials procurement. This latest move would make Jaggaer, which rebranded from SciQuest in February, the No. 2 player to SAP Ariba in the procurement technology market by revenue.

WorkMarket Acquires OnForce: Not Such a Big Deal, or More Significant Than It Appears?

WorkMarket announced Wednesday that it has acquired OnForce from The Adecco Group for an undisclosed amount, forming a strategic partnership with Addeco as part of the deal, according to a press release. The acquisition of OnForce will increase WorkMarket’s existing footprint in the field tech contractor work execution vertical. OnForce, founded in 2003, was a pioneer in that segment, which WorkMarket entered in 2010.

Jaggaer and Pool4Tool to Merge: The Start of a Trend in Direct Materials Solutions

Jaggaer and Pool4Tool announced Monday the two providers would merge, revealing what was probably one of the better known procurement and supply chain industry secrets in recent memory. The combination creates the only technology provider in the market with end-to-end indirect and direct materials procurement coverage, the companies said in a press release.

IBM to Sunset Emptoris, Transition Customers to SAP Ariba as Part of Broader Partnership Agreement

SAP Ariba and IBM Emptoris announced this morning at Sapphire 2017 that they were creating a strategic partnership. The deal represents a significant commitment by both organizations that spans applications, cognitive collaboration (SAP Leonardo and IBM Watson) and professional services. The combination of efforts is not, however, an acquisition of IBM Emptoris by SAP Ariba, which had been a rumor in the market for a number of weeks. Earlier today, I had the chance to speak to Alex Atzberger, president of SAP Ariba, and Michael O’Leary, director of procurement solutions and supply chain insights at IBM Watson Customer Engagement, to learn more about the partnership.

Ivalua Raises $70 Million from KKR: First Take Analysis

Ivalua, a procurement technology suite vendor, announced Wednesday it had raised $70 million in a minority investment round from private equity firm KKR. Originally a France-based firm, Ivalua moved its headquarters to the U.S. in recent years and has continued to expand globally. While terms of the investment — nor Ivalua’s revenue — were not disclosed, Spend Matters estimates the transaction values the firm at less than the price/revenue multiple of Coupa and more than what Accel-KKR paid for Jaggaer (when it took SciQuest private).

Tradeshift to Acquire IBX Business Network from Capgemini

Tradeshift Baiwang

Tradeshift announced Wednesday it had acquired acquired IBX Business Network from Capgemini. Spend Matters believes the transaction is, by a significant margin, Tradeshift’s most important acquisition to date. And from the “seller” side of the deal, Capgemini suggests that the transaction represents, from a corporate development perspective, more than just the divestiture of a business unit. Spend Matters will be speaking with Tradeshift later today and will provide additional information and analysis on the transaction later this week. We are particularly keen to understand how Tradeshift plans to rationalize the proven e-procurement capability within IBX with what it is in the early stages of rolling out to customers in 2017.

Coupa Acquires Spend360, Adds Best-in-Class Spend Classification Capability to its Suite

Coupa announced early Tuesday it had acquired Spend360 International Ltd., a best-in-class spend classification vendor. Coupa “has acquired substantially all of the assets of Spend360 International Ltd. to help companies digitize antiquated processes for data classification,” the company said in the acquisition announcement. Coupa noted the acquisition closed in December 2016 and that financial terms were not disclosed. Further, “Coupa expects the capabilities from Spend360 to be made available to select Coupa customers later this year. As part of the acquisition, the Spend360 team has joined Coupa to continue developing forward-thinking approaches for data classification and predictive insights.”