Telecom Expense Management: Emptoris Completes Acquisition of Xcitec
May 05, 2011
By Anuradha Shukla, TMCnet Contributor
Emptoris, a provider of strategic supply, category spend and enterprise contract management solutions, has acquired Xcitec.
Headquartered in Munich, Germany, Xcitec is a supplier of management solutions.
Emptoris notes that a combination of Emptoris and Xcitec results in a comprehensive end-to-end solution for Supplier Lifecycle Management.
This single solution can manage all the business processes related with supplier management.
Emptoris’ Supplier Lifecycle Management solution will allow companies to quickly address the critical challenges and complexities related to strategic supplier management.
“The Emptoris Supplier Lifecycle Management solution will allow organizations to strategically manage suppliers by answering these critical questions: Who should I do business with? What do I need to know about the services and products they provide? And How are they performing and are they risky to my business?” said Patrick D. Quirk, president and chief executive officer of Emptoris, Inc. “The joining of Emptoris and Xcitec will dramatically shift the way companies gain access to the intelligence they need to make critical business decisions – and drive value to the organization.”
“With a large and increasingly global supply base, and supplier data scattered across disparate and diverse systems, companies are often overwhelmed with the management of supplier information and applying this information to actionable supplier strategies. The result is that higher-value propositions, such as supplier performance management and development, become much more difficult and time consuming and as a result are often incomplete,” said Martin Berr-Sorokin, chief executive officer, Xcitec. “By providing a single, accurate and robust source for supplier data and intelligence, Emptoris and Xcitec enable companies to deliver greater supplier performance and value across the organization.”
Read a related article at TMCnet “Emptoris Completes Acquisition of TEM Solution Provider Rivermine (News - Alert).”
Anuradha Shukla is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.Edited by Juliana Kenny