Procurement/Supplier Management Acquisition Announcement Coming Later Today

In the past few months, Spend Matters developed insight into a smaller acquisition that will most likely be announced later today. The deal represents a solution expansion for one provider in the market that already has strong penetration with its existing product capabilities in the segments in which it competes. It is not a game changing acquisition, but customers and competitors of the companies involved will certainly want to follow it closely. The announcement will also help the nascent but growing supplier information management/supply base management market reach a new set of potential customers.

Spend Matters has learned that the combination of the two providers will not involve any layoffs between the parties, but rather material solution expansion for the acquiring company. Given the circumstances, Spend Matters believes this will be a positive development for both parties in the transaction as well as customers of the respective solutions. We also believe it will spur other vendors in the sector to double down with either additional organic solution development efforts in the area of the acquired party and/or drive further consolidation among niche providers in the market as other vendors react.

Check back later today for details and analysis on the announcement when it is made public.

Disclosure: Spend Matters does not have a financial or commercial interest in/with either of the companies involved in this transaction.

Jason Busch

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