Simfoni – the world’s most accessible digital procurement vendor, has started the new year with a bang by announcing today that it has finalized its acquisition of EC Sourcing Group, a recognized leader in eSourcing and decision award optimization. This acquisition combines both Simfoni’s market-leading Spend Intelligence module and EC Sourcing Group’s market-leading eSourcing platform which will support enterprise clients with an exclusive package that delivers unified data integration which, in turn, drives powerful insights across the strategic sourcing lifecycle.
Chirag Shah, Simfoni Founder & Chairman expressed his delight on this news,
This achievement caps a banner year in which Simfoni saw growth across all crucial performance indicators:
Through this move, Simfoni continues to stick by its composable procurement philosophy by presenting a Spend Automation solution for end-users to better control tail spend, while freeing the procurement team to concentrate on higher-value activities with a plug and play set of modules—each with market control in its particular segment.
Supplying a One-stop eProcurement and eSourcing Shop for Procurement Teams
EC Sourcing Group’s eSourcing solution offers market-leading eRFX, eAuction, and Contract Management features, and has standout capabilities for automation of sourcing award decisions. Its Optimization module is best-in-class and provides sourcing professionals with an easy-to-use capability that can process overly complex scenarios in just a matter of seconds – offering significant advantages in terms of time and money. These data-driven solutions are the ideal accompaniment to Simfoni’s Spend Intelligence platform and further improve the tractability of its Spend Automation platform in the area of tail spend management.
Consumers of both companies will profit from increased global reach, increased investment in product development and modernization, while enjoying the same excellence of customer and service delivery assistance that they have come to expect from Simfoni and EC Sourcing.
Jason Busch, CEO of Spend Matters remarked,