Supply management specialist points to triple-digit revenue increase, customer wins and global expansion
Burlington, MA — February 1, 2005 — Enterprise supply management specialist Emptoris this week touted its results for 2004, pointing to significant increases in revenues as a record number of new customers signed up with the provider throughout last year.
The company reported that its revenues increased by 238 percent and new sales bookings by 175 percent over 2003. In addition, Emptoris increased its customer base by 73 percent last year, with growing traction in the consumer package goods, manufacturing, financial services and pharmaceutical industries.
Emptoris also expanded its geographic reach by increasing its customer base in Europe and penetrated the Pacific Rim, according to the solution provider.
Last year also saw Emptoris expand its product offerings by acquiring supplier assessment firm, Valuedge, and releasing Emptoris 5, its flagship Web-based application suite that integrates spend analysis, supplier negotiation, optimization-based bid analysis, contract compliance and supplier performance management capabilities.
"Emptoris continues to gain traction by providing superior, high value solutions to organizations looking to build competitive advantage in their supply chain while improving the bottom line," said Avner Schneur, CEO of Emptoris, in a company statement. "Companies choose us to help them drive millions of dollars in bottom-line savings, execute savings initiatives faster, enhance their suppliers' performance and improve their procurement team's productivity."
The solution provider said it has enabled its customers to analyze collectively over $1.1 trillion in spend, source over $30 billion in 50 different countries, and identify more than $4 billion in savings.
The company raised an additional round of financing last year, led by new investor ABS Capital Partners, with existing investors Menlo Ventures and HarbourVest also participating.
For more information on the current state of the sourcing and procurement markets, see the articles "The Analyst Corner: Sourcing" in the June/July 2004 issue of Supply & Demand Chain Executive, and "The Analyst Corner: Procurement" in the August/September 2004 issue of the magazine.
For more information regarding "on demand" computing models, see the article "Cutting Through the 'On Demand' Hype," the Net Best Thing column in the December/January 2004 issue of Supply & Demand Chain Executive.
More articles about Emptoris.
Burlington, MA — February 1, 2005 — Enterprise supply management specialist Emptoris this week touted its results for 2004, pointing to significant increases in revenues as a record number of new customers signed up with the provider throughout last year.
The company reported that its revenues increased by 238 percent and new sales bookings by 175 percent over 2003. In addition, Emptoris increased its customer base by 73 percent last year, with growing traction in the consumer package goods, manufacturing, financial services and pharmaceutical industries.
Emptoris also expanded its geographic reach by increasing its customer base in Europe and penetrated the Pacific Rim, according to the solution provider.
Last year also saw Emptoris expand its product offerings by acquiring supplier assessment firm, Valuedge, and releasing Emptoris 5, its flagship Web-based application suite that integrates spend analysis, supplier negotiation, optimization-based bid analysis, contract compliance and supplier performance management capabilities.
"Emptoris continues to gain traction by providing superior, high value solutions to organizations looking to build competitive advantage in their supply chain while improving the bottom line," said Avner Schneur, CEO of Emptoris, in a company statement. "Companies choose us to help them drive millions of dollars in bottom-line savings, execute savings initiatives faster, enhance their suppliers' performance and improve their procurement team's productivity."
The solution provider said it has enabled its customers to analyze collectively over $1.1 trillion in spend, source over $30 billion in 50 different countries, and identify more than $4 billion in savings.
The company raised an additional round of financing last year, led by new investor ABS Capital Partners, with existing investors Menlo Ventures and HarbourVest also participating.
For more information on the current state of the sourcing and procurement markets, see the articles "The Analyst Corner: Sourcing" in the June/July 2004 issue of Supply & Demand Chain Executive, and "The Analyst Corner: Procurement" in the August/September 2004 issue of the magazine.
For more information regarding "on demand" computing models, see the article "Cutting Through the 'On Demand' Hype," the Net Best Thing column in the December/January 2004 issue of Supply & Demand Chain Executive.
More articles about Emptoris.
