On the heels of purchasing merchandising software DemandTec for $440 million, Big Blue is continuing the shopping spree to advance its smarter commerce strategy. IBM has just announced the acquisition of Emptoris, a cloud and on-premise analytics software that brings more intelligence to procurement and retail supply chain operations. Financial terms of the deal were not disclosed.
Emptoris’ software helps companies maximize financial performance and optimize commercial risk when it comes to supply chain and inventory management, procurement, sourcing and more in retail environments. For example, a global oil and gas company could use Emptoris to figure out how to source operations across suppliers. Emptoris has more than 350 customers in 75 countries.
IBM says the acquisition furthers its Smarter Commerce initiative, which aims to help companies respond to shifting customer buying patterns. The company believes this is a $20 billion market opportunity, particularly in the software space.
IBM, acronym for International Business Machines, is a multinational computer technology and consulting corporation. The company is one of the few information technology companies with a continuous history dating back to the 19th century. IBM manufactures and sells computer hardware and software, and offers infrastructure services, hosting services, and consulting services in areas ranging from mainframe computers to nanotechnology…
Emptoris is a world leader in delivering strategic supply and contract management solutions that enable companies to maximize financial performance and optimize commercial risk. The companyâ€™s award-winning sourcing, contract management, spend analysis, supplier lifecycle management, services procurement and telecom expense management solutions are leveraged by more than 350 Fortune 1000 and Global 2000 companies.