Associated Brand or category: Industry Solutions
Emptoris Inc. is a leading provider of cloud and on-premise analytics software that brings more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce.
Emptoris is a part of IBM's Smarter Commerce initiative, which is aimed at helping companies respond to shifting customer buying patterns. IBM has estimated that the Smarter Commerce initiative is a $20 billion market opportunity in software alone. Emptoris brings to IBM Smarter Commerce a set of new, flexible and integrated solutions that orchestrate and manage the sourcing and procurement of goods and materials as part of supply chain management. Supply chain intelligence using these solutions enables better inventory management and can create large savings opportunities.
With this acquisition, IBM builds on its capabilities in the "buy" aspect of Smarter Commerce and extends it to a new line of c-suite executives – chief procurement officers. Procurement and sourcing professionals increasingly need better supplier management, spend analysis and contract management solutions to lower sourcing costs and risks. Emptoris is a leader in delivering these benefits by automating vendor selection, negotiation, management and compliance.
Authorized product group: Commerce Solutions
Announced on 15 Dec 2011
Closed on 1 Feb 2012
Transfer of business 2 Jul 2012*
Planned availability 20 Jul 2012*
* Dates are subject to change based on needs of the business.
Contact: Kevin McNeil (email@example.com)