M&A Content

Basware Acquires Verian, Expanding its Reach in U.S.

Basware announced Thursday it acquired Verian, a move that Basware said will help it expand its cloud-based business revenues in the U.S. and other key markets. Finland-based Basware provides e-invoicing and P2P and has a North American business, Basware Inc., headquartered in Stamford, Connecticut. Verian, headquartered in Charlotte, North Carolina, offers cloud-based P2P solutions. Basware said Verian brings added e-procurement capabilities to Basware’s portfolio. Verian’s existing customers will also be able to take advantage of the Basware Commerce Network.

There’s More to the MedAssets Deal for Healthcare Procurement Than You Think

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Like a saint cut apart into various relics, spread across the land to bring hope to those praying for more cost efficient and effective healthcare, the assets of MedAssets are getting hacked into strategic pieces. As my colleague Tom Finn reports on our sister site, Healthcare Matters, Pamplona, a private equity firm, is buying part of the assets of MedAssets and planning to combine its “revenue cycle management business with its Precyse business, and to sell the MedAssets spend and clinical resource management business to VHA-UHC Alliance, a network largely composed of not-for-profit hospitals.”

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

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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.

SciQuest Looks Ahead: Product Planning and Acquisition Integration (Part 1) [Plus+]

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.

Learning From T&E: Coupa, Xpenser, and Expense Submission Serendipity [PRO]

Stand-alone Travel and Expense (T&E) - minus travel booking - is a somewhat quirky stepchild in the world of corporate spend buying, tracking, and compliance. In general, the experience of T&E tools has improved dramatically for typical frontline users in the past decade. Anyone who was forced to use an earlier version of Concur, Ariba, or others in the earlier procurement days will testify to the fact the applications were disenchanting (to put it mildly) for users – they made compliance time-consuming. The tools were as onerous, mean, and cumbersome as the surly folks behind the procurement scenes tasked with T&E policy and approvals. Both were, well, mean.

Hubwoo and Microsoft Partner: Relationship Dynamics and Ecosystem

Hubwoo and Microsoft recently announced a partnership that allows Microsoft Dynamics AX customers to access Hubwoo’s cloud-based supplier connectivity, procurement and e-invoicing/AP enablement capabilities. Check […]

The Future of the Ariba Network with SAP (Part 3) [Plus+]

The future of the Ariba network under SAP is clearly dependent on taking advantage of the fundamental shift in scale, speed, data and analytics that SAP already has in their technology arsenal. If SAP gets the future of the Ariba network business right, the only provider they'll have to worry about in the near-term horizon is Oracle, which has similar underlying assets they can exploit. But the good news for SAP in this regard is that Oracle has a very limited network capability today and no experience with network commercial models in the procurement area.

The Future of the Ariba Network with SAP (Part 1) [Plus+]

SAP values the Ariba network not just in what it can deliver in connecting buyer and supplier indirect procurement transactions today, but for what it will be able to do in the future. For example, a next generation version of the Ariba network could be used to drive “inventory visibility, product design/engineering, vendor managed inventory (VMI) programs,” and related areas, SAP told Spend Matters.

Ariba and SAP…Exploring the Network Elephant in the Cloudy Room [Plus+]

The fact Ariba has many suppliers paying thousands – sometimes tens of thousands or more, per year – to transact with multiple trading partners has helped offset the cost of Ariba’s P2P application for buyers, allowing it to compete on price as well as product. Yet many procurement professionals believe that suppliers will factor any additional transaction costs they may incur into their pricing. Still, Ariba has had the upper hand in this area because their SaaS-based P2P deals require companies to only work with companies through the network (Ariba CD customers have options to take suppliers off the network, something providers such as Vinimaya, Hubwoo, WALLMEDIEN, OB10, Transcepta and others can theoretically enable – and have, in certain cases).