Its Official

Add comment September 20th, 2007 David Bush - Iasta

I didnt expect the confirmation to happen 2 hours after my post but here it is:

Ariba acquires Procuri

I will digest this a bit and post some commentary when I get an opportunity.

Entry Filed under: General, e-Sourcing Marketplace

Something Wicked This Way Comes?

Add comment September 20th, 2007 David Bush - Iasta

I have been trying to verify some industry rocking rumors this week…

So far, I have not satisfied my three source rule but this particular rumor has circulated a few times earlier this year and refuses to dissipate. It seems the acquiring company sweetened the pot enough to make this deal close and sweep up another eSourcing player.

If this proposed combo is true, it will shake the very foundation of supply management and the number of players left that can compete for the true enterprise deployments. It will also rival the biggest deal in the industry to date - Ariba/FreeMarkets.

Frankly, I am very hopeful that it comes to fruition and it will mark another of my predictions from December. I am also actively seeking West Coast sales help and this will help my search immensely.

Entry Filed under: General, Technology, e-Sourcing Marketplace