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EMPTORIS ACQUIRES SUPPLIER ASSESSMENT
COMPANY VALUEDGE
Acquisition
Extends Leadership Position and
Product Suite with Automated Supply Auditing and
Measurement Capabilities; Deepens Expertise in Supply Chain
BURLINGTON, MA, Jan. 3, 2005 - Emptoris,
the leading provider of Enterprise Supply Management solutions for Global
5000 companies, today announced that it has acquired Valuedge, the leading
provider of supplier assessment solutions. This acquisition extends Emptoris'
enterprise supply management suite with leading edge functionality, giving
Emptoris a software solution unique among its competitors. It expands
value for customers by giving them tools for improving supplier quality
and helping them make informed, cost-effective decisions about their
supply base, and it also deepens Emptoris' supply chain expertise.
Expanding upon Emptoris' suite, which includes spend
analysis, online supplier negotiation, optimization-based bid analysis,
contract management and supplier performance management, the addition
of Valuedge's supplier assessment application enhances companies' ability
to improve supplier quality. By allowing companies to audit supplier
business processes and practices thoroughly, accurately and quickly over
the internet, and track and improve supplier performance, enterprises
can look beyond current needs to assess future capabilities of suppliers
based on their strategies, processes, people and technologies. The result
- companies improve not just the total cost but also the quality and
value of the goods and services procured from suppliers, both now and
in the future.
"Maturing sourcing strategies coupled with global
inflation and supply constraints are forcing companies to find new ways
to collaborate with suppliers to remove waste and drive the next wave
of cost and productivity improvements," said Tim Minahan, SVP Supply
Research and Strategy at Aberdeen Group. "Supplier assessment is
key not only to identifying the right supply partners but also for determining
opportunities to eliminate waste, capture innovation, and drive continuous
improvement across the supply chain."
"This acquisition will ensure Emptoris' leadership
in the enterprise supply management space," said Avner Schneur,
Emptoris' president and chief executive officer. "With the combination
of Emptoris and Valuedge, our customers will benefit from advanced supplier
analytics for identifying, evaluating, selecting and measuring suppliers,
while maintaining the ease-of-use and global reach our internet-based
applications provide."
The acquisition also deepens Emptoris' supply chain
expertise with the addition of Sherry Gordon, the founder and CEO of
Valuedge, to the Emptoris team as Vice President of Supplier Performance
Intelligence. Ms. Gordon, who brings over 30 years of manufacturing and
supply chain management experience, is a pioneer in enterprise measurement
and process improvement techniques. Before founding Valuedge, she ran
the New England Suppliers Institute. Ms. Gordon also worked for manufacturing
and distribution companies and major consulting firms. In addition to
supply chain management, she has a functional background and expertise
in quality, purchasing, and materials.
About Emptoris
Emptoris is a leading provider of powerful enterprise supply management solutions
for Global 5000 companies. By implementing Emptoris 5(tm), a suite of Web-based
solutions, enterprises can quickly identify and prioritize procurement and
vendor savings opportunities, negotiate significant cost savings with vendors,
and track contract compliance and supplier performance improvement. Emptoris
customers include American Express, Boeing, Fleet Financial Corporation,
GlaxoSmithKline, Motorola, Owens Corning and Samsung America. Emptoris, a
privately held company, is headquartered in Burlington, Massachusetts.
About Valuedge
Valuedge is a leading provider of supplier and enterprise assessment solutions.
Using Valuedge assessment tools, enterprises can audit supplier business
processes and practices thoroughly, accurately and quickly over the Web
and track and improve supplier performance. Benefits include lower costs,
higher quality and better customer responsiveness. Valuedge, Inc., was
a privately held company in Lexington, Massachusetts.
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