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Supply Chain SaaS Startup Paradata Makes the List of "Cool Vendors in Procurement and Sourcing Technology, 2016" by Gartner, Inc.SAN JOSE, Calif., May 23, 2016 /PRNewswire/ -- Paradata, a supply chain software as a service (SaaS) start-up announced today that it has been named one of the "Cool Vendors in Procurement and Sourcing Technology, 2016" by Gartner, Inc., a research and advisory firm. Published May 9, 2016, the report was authored by Desere Edwards, Deborah R. Wilson, Nigel Montgomery, and Ray Barger Jr. Paradata uses internal and external big data to help high tech original equipment manufacturer (OEM) brand companies gain increased transparency and profits from their supply chains. Its customers include Aerohive Networks, Aruba, an HP Enterprise Company, DBI Network, Ember, Teledyne Lecroy Inc., and Westell Technologies, Inc. The Gartner report "focuses on vendors with unique and innovative solutions for security, contract lifecycle management, payables auditing, fraud prevention, and sourcing and supply chain transparency. Each uses advanced algorithms to achieve impressive results in solving specific problems faced by procurement managers and IT managers responsible for sourcing slutions." Paradata technology enables supplier and parts transparency and decision-making traceability. With one click, in seconds, a customer can load a bill of materials (BOM) and discover an average of 6% + in material cost reduction as well as deep knowledge of risks that affect revenue. Users praise its uniqueness, ease of implementation and reasonable cost. Paradata Big Data Platform identifies the weak links with verified public and private data. Cool ...and Hot Paradata's investors include PivotNorth Capital and Richmond Global. Disclaimer For more information visit: "Bringing Strategic Value to the Supply Chain" video: https://www.youtube.com/watch?v=HAxzVsixQls Twitter: @Paradata_io Logo - http://photos.prnewswire.com/prnh/20160523/371159LOGO
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