Emptoris Sees Record Growth in Second Quarter

Supply management specialist says double digit growth fueled by new customers and global expansion

Supply management specialist says double digit growth fueled by new customers and global expansion

Burlington, MA — July 22, 2005 — Supply management specialist Emptoris this week highlighted its results for the second quarter, pointing to record growth as revenues and new sales bookings rose compared to the same period of last year.

The solution provider said that for the quarter ended June 30, the company saw revenues 23 percent higher and new sales bookings 63 percent higher than in the second quarter of 2004.

Emptoris attributed this growth to the addition of customers across several industry sectors, including aerospace, energy, healthcare, high tech, life sciences, telecommunications, retail and consulting. "During the quarter, Emptoris demonstrated strong success selling to both new and existing customers," the company said in a statement on its results.

Additional key contributors to Emptoris' momentum in the market include expanded international presence and relationships with strategic partners, according to the solution provider, which said it experienced strong contribution from Europe and the Asia Pacific region. In addition, joint efforts with strategic partners resulted in 30 percent of sales, including the company's largest outsourcing deal ever signed by a systems integrator.

"Emptoris' continued success is a result of our ability to identify and solve business challenges that C-level executives face across all industries," said Avner Schneur, CEO of Emptoris.

Elsewhere during the second quarter, Emptoris acquired spend data management company Intigma, which developed technology that automatically cleanses, enriches and classifies unstructured procurement and supplier spend data;

The company also announced plans to help Emptoris Empower 2005, its annual user conference, in Boston October 1720.

Emptoris, a privately held company, is headquartered in Burlington, Mass. Its customers include American Express, Bank of America, Boeing, Dow Corning, GlaxoSmithKline, Motorola, Toro, Owens Corning and Samsung America.