Type IBM Subsidiary Area served World Wide Number of employees 725 | Founder Avner Schneur Founded 1999 Parent organization IBM | |
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Industry Strategic Supply, Category Spend and Enterprise Contract Management Solutions Products Spend Analysis, Sourcing, Contract Management, Supplier Lifecycle Management, Services Procurement, Strategic Supply Management Suite, Telecom Expense Management, Virtual Supplier Master, Program Management, Event Monitoring Services Website IBM Procurement Solutions Headquarters Burlington, Massachusetts, United States CEO Patrick D. Quirk (Sep 2009–) | ||
History
Late 1999 Avner Schneur founded Emptoris with a goal to transform the strategic sourcing. When acquired by IBM, Emptoris was a developer and provider of strategic supply and contract management software including applications for spend analysis, sourcing, contract management, supplier lifecycle management, services procurement, compliance management and telecom expense management. In January 2011, the company announced the acquisition of Rivermine, Inc., a provider of telecom expense management (TEM) solutions. In May 2011, Emptoris acquired Xcitec, a provider of supplier management software headquartered in Munich, Germany. With these two acquisitions, the company had six applications, more than 350 Global 1000 customers, over 725 employees globally, and combined projected annual growth in excess of 20%. In August 2011, Emptoris was included on the 2011 Inc. 5000 list of the fastest-growing private companies. The company has partner relationships with management consulting firms including Accenture, Deloitte and IBM. The company’s solutions can be deployed on-premises or via a software-as-a-service ("SaaS") model. The company is headquartered in Burlington, MA, USA, and has operations in Fairfax, VA; Reading, UK, Munich, Germany; Shanghai, China, and Pune, India, among other locations.
On December 15, 2011, IBM announced a deal to acquire Emptoris as part of its "Smarter Commerce" initiative. On February 1, 2012, IBM announced the completion of the acquisition of Emptoris.