We can't comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to your attention, and some of our own you may have missed.
2020 Procurement Predicaments and Predictions — Series wrap-up in 3 parts
Chief research officer Pierre Mitchell rounds up the analyst series on Procurement Predicaments, which looked at six procurement technology areas, their issues and what we might see to fix them in the coming year. You can read the discussion of problems in each of those categories in the analysts’ non-subscription posts here. In the finale to the series he wraps-up the predicaments and addresses some of the foundational platform elements and broader market shifts that are happening. Read Part 1, Part 2 and Part 3 (requires subscription but some content is available for free).
McKinsey announces acquisition of Germany-based Orpheus, spend analytics company
We featured breaking news yesterday that global management consulting firm McKinsey & Company was acquiring Orpheus GmbH, a Germany-founded leading provider of spend analytics technology. In a Nexus post, Spend Matters' premium research for Investors (PE), CEOs and Corporate Development Strategy Leaders, Jason Busch and Michael Lamoureux say: "The move represents a potentially interesting flanking maneuver for McKinsey in the ever more competitive and converging world of procurement and operations consulting and managed services," and give their initial take on the transaction analysis. Read that here.
Stratfor worldwide intelligence platform acquired by RANE
RANE (Risk Assistance Network + Exchange) has announced it has acquired Stratfor, a leading geopolitical intelligence platform based in Austin, Texas. The combination will enable RANE to deliver an expanded suite of services for risk professionals and corporations looking to better understand, manage, and mitigate geopolitical threats from around the world. In connection with the transaction, Dallas-based private equity firm Teakwood Capital has made an investment in RANE. All products and services continue without interruption. The full press release is here.
And in other news …
To be considered for Spend Matters’ annual ‘50 Providers to Know’ and ‘50 Providers to Watch’ solution provider lists - the most comprehensive, free-to-access, directory of procurement and supply chain solution providers - your company must have an up-to-date Spend Matters Almanac listing, The lists will be released in April and we have extended the deadline for you to create or update your entry to February 21st.
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