Esker announced plans to acquire a majority stake in Market Dojo Limited, a UK-based eProcurement software company.
“We are pleased to welcome Market Dojo to the Esker family,” says Jean-Michel Bérard, CEO at Esker. “This acquisition provides new growth opportunities in a developing market and strengthens Esker’s positioning in the global P2P arena. Additionally, Market Dojo is an excellent illustration of Esker’s strategy to invest in organic growth combined with targeted acquisitions that offer a high potential for growth.”
“It is a delight to join forces with Esker,” says Alun Rafique, CEO and co-founder at Market Dojo. “There is incredible synergy, not just in our solutions, but in the people and culture. The acquisition provides a great opportunity for our customers and partners. 2022 will be an exciting year for anyone interested in a P2P ecosystem and Market Dojo will be able to strengthen its position as the market leading provider of on-demand eSourcing and supplier engagement solutions.
- Market Dojo’s eSourcing cloud solution addresses the need for structured and digitized processes in procurement departments, enabling users to centralize information, negotiate the best value for goods and services and select the right suppliers.
- The merger strengthens Esker’s competitiveness by integrating eSourcing as a new key functional area, including reverse auctions, RFQ / RFP management, supplier onboarding, etc.
- Market Dojo will operate as a standalone business unit while offering Esker and Market Dojo’s customers a leading P2P ecosystem with Market Dojo leveraging Esker’s strong back-office, operational infrastructure and international presence.