Emptoris
| Company type | Subsidiary |
|---|---|
| Industry | Software |
| Founded | 1999 |
| Founder | Avner Schneur |
| Fate | Acquired by IBM |
| Headquarters | Burlington, Massachusetts , United States |
Area served | Global |
Key people | Avner Schneur (Founder) |
| Products | Strategic sourcing, spend analysis, contract management, supplier lifecycle management, services procurement, compliance tracking, telecom expense management software |
Number of employees | 725+ |
| Parent | IBM |
Emptoris represents a brand within the IBM Commerce Portfolio.
History
Established in late 1999 by Avner Schneur, Emptoris set out to revolutionize strategic sourcing processes. Prior to its incorporation into IBM, the company specialized in developing software focused on strategic supply and contract management. Its offerings included spend analysis, sourcing, contract oversight, supplier lifecycle management, services procurement, compliance tracking, and telecom expense management. In January 2011, Emptoris expanded its capabilities by acquiring Rivermine, Inc., a provider of telecom expense management (TEM) solutions. Subsequently, in May 2011, it further broadened its portfolio by purchasing Xcitec, a supplier management software company based in Munich. These acquisitions increased Emptoris' suite to six core applications, served over 350 Global 1000 clients, employed upwards of 725 staff worldwide, and achieved anticipated annual growth rates surpassing 20%. The company maintained partnerships with consulting firms such as Accenture, Deloitte, and IBM. Its software was offered both as on-premises installations and via software-as-a-service (SaaS) models. Headquartered in Burlington, Massachusetts, Emptoris also operated offices in Fairfax, Virginia; Reading, United Kingdom; Munich, Germany; Shanghai, China; and Pune, India.
On December 15, 2011, IBM declared its intention to acquire Emptoris under the umbrella of its "Smarter Commerce" strategy, finalizing the purchase on February 1, 2012.
Later, on May 17, 2017, IBM announced a strategic alliance with SAP Ariba and initiated the phase-out of Emptoris products while guiding existing customers toward SAP Ariba solutions.
Acquisitions
- February 1, 2012: IBM completed the acquisition of Emptoris.
- December 15, 2011: IBM announced plans to acquire Emptoris to strengthen its Smarter Commerce initiative.
- May 4, 2011: Emptoris acquired Xcitec, a supplier management software provider headquartered in Munich.
- January 6, 2011: Emptoris purchased Rivermine, Inc., specializing in telecom expense management.
- May 15, 2009: Emptoris expanded its offerings by acquiring Contract and Service Management (CSM) solutions from Click Commerce, Inc., enhancing services procurement functionality.
- July 20, 2006: The acquisition of MINDFLOW enabled Emptoris to improve inbound supply chain planning and optimize sourcing.
- April 10, 2006: Emptoris acquired diCarta, a company focused on contract management software.
- June 6, 2005: The purchase of Intigma added spend data management technology to Emptoris’ portfolio.
- January 3, 2005: Emptoris acquired Valuedge, Inc., known for supplier assessment software.
- September 15, 2003: The acquisition of Zeborg brought spend analytics expertise into Emptoris’ capabilities.
References