Fieldglass deal with Madison Dearborn – Spend Matters analysis

I don't perceive that Fieldglass are quite as well known in Europe as in the US, but the Chicago venture capital firm, Madison Dearborn, has acquired a majority stake in them, valuing the firm at $220 million and paying a multiple of over 6.5 x sales; a price that I suspect some other supply chain software firms will look at somewhat longingly!  Who are Fieldglass?  As the press release says;

Fieldglass’ Software as a Service (SaaS) Vendor Management System (VMS) enables companies to more efficiently procure and manage contingent labor and services such as statement of work engagements, offshore projects and independent contractors across dozens of categories,

Jason at Spend Matters has regularly written about Fieldglass and this market sector in some detail, and he has covered this latest development with insightful comment as ever, so if you're interested and / or Fieldglass are a supplier, its worth having a look here and here.

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