IQNavigator Acquires Vendor Management System Software

By acquiring these assets, IQNavigator can deliver a proven vendor management solution and a diligent approach to customer relationships

DenverFeb. 13, 2014IQNavigator (IQN), a provider of non-employee workforce management solutions to Global 2000 companies, acquired the vendor management solution software and related assets of ProcureStaff Technologies, Ltd., a division of Volt Information Sciences and developer of ProcureStaff’s vendor management system (VMS) applications. The acquisition advances IQNavigator’s VMS market leadership by combining IQN’s technology and commitment to accelerating industry innovation with the account management and customer services of ProcureStaff. The financial terms of the agreement are not being disclosed.

By acquiring these assets of ProcureStaff, IQNavigator is better positioned to deliver a proven VMS solution and a diligent approach to customer relationships, which delivers measurable end user benefits.

ProcureStaff Technologies’ VMS software is a collaborative, multi-dimensional VMS software platform that fosters visibility and enables enterprise management of complex services spend. A configurable solution, the technology honors business unit- and country-specific configurations, yet aggregates spend globally to create maximum visibility, promote optimized supplier relationships and recognize organizational efficiencies.

According to Carolyn Nolan, chief operating officer of ProcureStaff Technologies, who is joining IQNavigator, “When the time comes for our customers and partners to take advantage of the world-class IQNavigator functionality, such as advanced statement of work, global invoicing, mobility applications, reporting and analytics that they’ve been demanding, we will be here to lead them through a seamless migration methodology that best fits their requirements, resources and timelines.”