Iasta, a leading provider of eSourcing software and solutions, today announced that Gartner, Inc., a leading independent provider of research and analysis on the global information technology industry, has positioned Iasta in the “Challengers” quadrant of the “Strategic Sourcing Application Suites.” (i) The report assesses the top software providers by a list of criteria that comprise their “Ability to Execute” and “Completeness of Vision.” Iasta’s suite of products which cover the sourcing lifecycle from spend analysis, vendor management, sourcing, optimization and contract management perspectives have gained significant global traction, and now recognition, with this analyst announcement.
“We are proud to be included in the Magic Quadrant report,” says David Bush, CEO of Iasta. “It validates the immense value and that our SmartSource SRM suite has brought to our customers for the past decade, proven year-after-year by our vast worldwide growth and continuous innovation in eSourcing technology.”
The Gartner Report, “Magic Quadrant for Strategic Sourcing Application Suites,” gives Iasta high reference marks for technical support, ease of use, and overall cost of ownership and return on investment. Iasta is also noted as having “strong supply base management support in self-registration, RFI and supplier credential management” and “very good marks on system performance.”
In the services category, Iasta received “very high reference marks for business consulting services and training.” Deborah Wilson, Research Director with Gartner, notes in the report that “Business services play an important role in an organization’s ability to drive adoption of strategic sourcing technology. Full adoption requires procurement professionals to think in new ways and to make decisions that they never had to consider before when using manual sourcing methods.”
About Iasta
Iasta® is a proven leader of Enterprise Spend Management through SRM Best Practices. Founded in 2000, Iasta helps organizations solve traditional business problems in new ways by providing its customers with cutting-edge tools for making strategic decisions on how to save and spend their valuable resources. Iasta’s flagship products, SmartAnalytics® and SmartSource SRM®, are cornerstones to any effective supplier relationship management strategy as they enable companies to analyze, source and optimize business decisions. SmartAnalytics provides users with comprehensive and detailed access to the entire organization’s purchasing data while SmartSource SRM combines best-of-breed functionality that includes sourcing (auction, RFx), award analysis, contract management and supplier management.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
i) “Magic Quadrant for Strategic Sourcing Application Suites” by Debbie Wilson, February 23, 2010
