Spend Matters 50/50: Hubwoo – A Provider To Know in 2015

100 companies - 100 days

We announced here and here our two (not ranked) lists: Spend Matters 50 To Know and 50 To Watch firms for 2015/2016. In the first case, this is our view of the 50 solution provider type organisations in the procurement industry that every senior procurement leader should be aware of and understand. The 50 To Watch are the up-and-coming firms  - those with interesting and relatively new solutions for our market. The 50 To Know are the key organisations in our industry that procurement executives need to have on their radar.

Having announced the lists, our US colleagues are now featuring each of the 100 firms in turn with an article giving an overview of each, with some headline Spend Matters thoughts on them. So on this site we will be giving you a brief extract of the US article, plus adding our own comments where we have anything useful to add from a European perspective. Sometimes we do, sometimes we don’t!

Here is what our US colleagues had to say about Hubwoo:

"Hubwoo, like its new corporate parent, Perfect Commerce, is a solution provider with deep "co-opetition" history with SAP.  Its supplier network clearly competes with Ariba's supplier network — offering suppliers a no-fee model for basic listing and transitional services ... Hubwoo's long-term product future inside Perfect remains potentially uncertain as the inevitable production rationalization efforts begin — not to mention its hosting relationship with SAP. Yet today, Hubwoo brings a rather unique set of combined capabilities and expertise to procurement organizations looking for a specific set of offerings by capability, product or industry."

You can read more about what our US has to say on Hubwoo here. Hubwoo is - or was - a French firm, with a stock market quotation in Paris, which still exists although Perfect Commerce now control the company. Perfect Commerce has installed a totally new Board at Hubwoo - made up of Perfect Commerce people - and the most recent quarterly figures for Hubwoo were very poor, with revenues down 13% on last year. It is too soon to expect Perfect to have turned round what was a declining trend, but we need to keep an eye on how the integration is going and what it might all mean for Hubwoo clients and prospective clients. .

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