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EMPTORIS CONTINUES TO DEMONSTRATE
MARKET LEADERSHIP
Company Builds on 2004 Achievements, Gains More
Customer Traction, and Receives Industry Accolades
Burlington, Mass. – April 21, 2005 – Emptoris, the leading provider of Enterprise Supply Management solutions for Global 5000 companies, today announced it’s building off a successful 2004 with continued customer traction and validation of its market leadership in the first quarter of 2005. The company reported that it signed on more new customers, many of which chose Emptoris’ solution over competitors’, and sold additional product modules to its existing customer base. The company experienced continued international growth with significant contribution from Europe and the Asia Pacific region. In addition, it was recognized repeatedly as an industry leader by many prominent organizations including Gartner, Red Herring and Supply & Demand Chain Executive.
“Emptoris continues to grow due to our unwavering focus on developing our product and services to match the evolving needs of our customers,” said Avner Schneur, CEO of Emptoris, Inc. “We are pleased that our enterprise supply management solution continues to be in high demand as enterprises better understand the benefits of strategically leveraging their spend with their suppliers. It also is an honor to receive validation of our leadership in the market from industry experts and business leaders.”
In the first quarter, Emptoris achieved several important milestones including:
- Positioned by Gartner Inc., the leading provider of research and analysis on the global IT industry, as a visionary in the Strategic Sourcing Applications market, confirming the company’s strong position in the industry.
- Received Supply and Demand Chain Executive magazine’s “2005 Pros to Know” awards for several executives and customers, including:
- Emptoris vice president of supplier performance intelligence, Sherry Gordon, and Sean Devine, director of client services, in the Providers Pro to Know category.
- GlaxoSmithKline director of eSourcing and Technology Work Cell, Tim Davies, in the Practitioner Pro to Know category.
- Emptoris Advisory Board member, Robert A. Rudzki, in the Practitioner Pro to Know category.
- Recognized as a finalist for the 2005 Red Herring 100 awards, further validating Emptoris as a strong private company.
- Participated at the Conference Board’s 2005 Electronic Procurement Conference in Chicago, and discussed topics related to the benefits of strategically managed procurement.
- Announced plans for Emptoris Empower 2005, its annual user conference, in Boston, October 17 – 20.
- Offered educational seminars in San Francisco and Chicago with customers, partners and analysts to discuss sourcing strategies and leveraging new technologies to support them.
Emptoris is achieving success in the market because its offering goes beyond spend management. Its solution is not only focused on controlling costs but also on finding new ways to create value and improve the performance of suppliers. Looking ahead, Emptoris plans to continue empowering its customers to drive a wider, deeper and faster approach to their supply management initiatives. Specifically, the company continues to look for opportunities to expand its product offering to better serve its current and future customers. In addition, Emptoris is building out the operational infrastructure and support services necessary to meet and exceed the ever-changing demands of its global buyer and supplier base.
"The role of the Chief Procurement Officer has become increasingly more strategic within global organizations that are looking to drive stockholder value. Improving bottom-line performance, through strategically managing procurement and supplier relations, can be a significant driver of stockholder value," said Robert A. Rudzki, advisory board member for Emptoris, President of Greybeard Advisors LLC, and former Senior Vice President and CPO of Bayer Corporation. "Emptoris understands this and its Enterprise Supply Management suite enables organizations to manage procurement strategically. As a result, companies can access the best quality goods and services along with the right mix of suppliers to improve cost savings that directly impact financial results."
About Emptoris
Emptoris is a leading provider of powerful enterprise supply management solutions for Global 5000 companies. By implementing Emptoris 5™, a suite of Web-based solutions, enterprises can quickly identify and prioritize procurement savings opportunities, negotiate significant cost savings with vendors, and track contract compliance and supplier performance. Emptoris customers include American Express, Bank of America, Boeing, Dow Corning, GlaxoSmithKline, Motorola, Toro, Owens Corning and Samsung America. Emptoris, a privately held company, is headquartered in Burlington, Massachusetts.
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