E-Sourcing Forum » Is Archimedian still in play?

Is Archimedian still in play?

November 13th, 2008 at 06:28am David Bush - Iasta

To be clear, I am not really sure about this one. What I know for certain is that Archimedian was a smaller eSourcing niche player in the Northeast which we decreasingly saw in the competitive market over the years since their peak in 2004. If my eSourcing history serves me, I believe the company was a re-incarnation of MaterialNet, which for a short period during the 2000-2001 hey day, was a significant player that produced people like Keven Gray. I also know definitively, that more than one of their clients told me that they had announced a formal shutdown of business for October 31.

I was first alerted, by back channels, that they were looking to exit the market about 6-8 months ago, but never was contacted formally. Since then, I have heard of no transitions to different ownership, although it may have happened quietly. Also, I think there were only a handful of clients left on the platform, so the value was dissipating quickly.

This is not news that will shake the foundation of eSourcing (much like the shut down of Davaco Sourcing), but further shows that this is not an industry for the tame. Survival in SRM demands heavy investment in R&D, sales and “all-in” commitment. The pace of functionality enhancements is staggering. Without supreme talent in multiple areas of the business, the future becomes increasing distant.

Maybe the owners hit Powerball? I only know half the story but do know our side and what it takes to swim out of a shark infested rip-tide that is constantly trying to pull companies out and under.

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Entry Filed under: General, e-Sourcing Marketplace

4 Comments Add your own

1. Sloth | November 13th, 2008 at 11:50 am

Update: The CEO of Achrimedian, Joe Pecoraro is plying his talents on the world poker tour. The last statistic I saw on his “Bluff Power Rating” (a real stat) he was trailing he was 2883rd behind the leader J.C. Tran.

Sourcing causes gaming theory to come into play again.
2. David Bush - Iasta | November 13th, 2008 at 11:55 am

O My God, talk about a good reason to get out of the industry!!

http://www.cardplayer.com/players/results/Joseph-Pecoraro/9935
3. The Sourcing Genious | November 13th, 2008 at 5:22 pm

I guess you were right, Dave, Joe was a busy being a “niche player” and going “ALL-IN” just not in the R&D investment of e-sourcing software.
4. Annie Brown | January 15th, 2009 at 2:27 am

Hi everyone,

Now I know why Joe isn’t answering my e-mail…

I used Archimedian while I worked in the Corporate Purchasing Department for a National Builder (that is hurting pretty bad right now). Anyway, I managed all the Reverse Auctions for the country, sometimes running 2 or 3 a month, we saved millions. They were very successful – I had it down to a science. We even created a process that made it palatable to the Vendors.

To make my long story short – when I left that Builder, I started my own company, basically doing everything I did there, but now for other Builders. Joe was going to partner with my company, to offer his services, and split our fees with his company – which basically was a % of the projected savings, resulting from an event.

I need a new Reverse Auction company! I actually have a couple of events in the air – and when I tried to reach Joe… well, I guess he’s in Vegas… This sucks.

ANY HELP or GUIDANCE would be GREATLY APPRECIATED!

Please send me an e-mail, if you have any ideas, at
annie.brown@corporatepurchasing.net – or you can try to reach me through Yahoo Messenger at annie_mae_tx@yahoo.com.

Thanks for any help you can lend!
Annie

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