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Press Releases |
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EMPTORIS ACHIEVES RECORD GROWTH IN
SECOND QUARTER
Double Digit Growth Fueled by New Customers and
Continued Global Adoption
Burlington, Mass. – July 21, 2005 – Emptoris, the leading provider of Enterprise Supply Management solutions for Global 5000 companies, today announced the results for its second quarter, ended June 30, 2005. The company achieved record revenue for the second quarter of 2005. Emptoris also exceeded its business plan for the quarter by 22%. Emptoris attributes this strong growth to signing customers across several industry sectors, including aerospace, energy, healthcare, high tech, life sciences, telecommunications, retail and consulting. During the quarter, Emptoris demonstrated strong success selling to both new and existing customers.
Additional key contributors to Emptoris’ momentum in the market include expanded international presence and relationships with strategic partners. The company experienced strong contribution from Europe and the Asia Pacific region, and joint efforts with strategic partners resulted in a large percentage of sales, including the company’s largest outsourcing deal ever signed by a systems integrator.
“Emptoris’ continued success is a result of our ability to identify and solve business challenges that companies across all industries face. Further, our unyielding commitment to delivering bottom line financial impact for our customers is validated through the growing demand of our best of breed enterprise supply management solutions,” said Avner Schneur, CEO of Emptoris, Inc. “As we move into our third quarter, we will continue to focus on delivering the most comprehensive solutions to meet the increasingly complex demands of our customers.”
Emptoris achieved several significant milestones during the second quarter including:
- Acquiring spend data management company Intigma, which pioneered the development of innovative technology that automatically cleanses, enriches, and classifies unstructured procurement and supplier spend data;
- Being named as one of the Red Herring 100 Private Companies of North America, a prestigious award which honors the most innovative private companies that drive the technology industry’s future;
- Presenting at several leading industry conferences, including:
- The Conference Board’s 2005 Electronic Procurement Conference in Chicago, where several Emptoris executives presented topics related to the benefits of strategically managed procurement;
- Industry Week’s Best Plants Conference in Nashville, TN, where Emptoris executive Sherry Gordon co-chaired and customer GlaxoSmithKline presented the keynote address titled, “Procurement Excellence: The Lean Sourcing Revolution”; and
- SG Cowen & Co.’s 33rd Annual Technology Conference in New York City, where Emptoris founder and CEO, Avner Schneur, discussed the main driving forces within the enterprise supply management market and the significant positive impact these initiatives are having on corporate performance;
- Announcing plans for Emptoris Empower 2005, its annual user conference, in Boston, October 17 – 20.
About Emptoris
Emptoris is a leading provider of powerful enterprise supply management solutions for Global 5000 companies. With Emptoris 5, enterprises can quickly identify and prioritize procurement savings opportunities, negotiate cost savings and value creation opportunities, and track contract compliance and supplier performance improvement initiatives. 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. For additional information, please visit www.emptoris.com.
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