Emptoris expands its reach with acquisition of Xcitec
May 04, 2011 - SCMR Editorial
In a major effort toward creating one of the industry’s most comprehensive end-to-end Supplier Lifecycle Management solution available, Emptoris has acquired Xcitec, a leading supplier management software provider.
Emptoris, based in Burlington, Mass. announced the deal with Munich, Germany-based Xcitec today. Spokesmen noted that the deal enables Emptoris to deliver a single solution that manages all business processes associated with supplier management, including supplier on-boarding, qualification, risk assessment, performance management and rationalization. This is Emptoris’ first internationally-based acquisition.
In an interview with SCMR, Terrance Curley, senior vice president of development and product operations, said that both Emptoris and Xcitec customers will now have access to a single strategic solution.
“This will let them connect the dots,” he said, “and consolidate supplier information providing central visibility. It also permits them to to feed this intelligence into the analysis and decision cycle.”
In addition, said Curley, Xcitec customers will gain access to Emptoris’ sourcing, category spend and contract management solutions – and the Emptoris global infrastructure which includes customer support in more than 16 languages.
Eugene Jacob, Director of Global Supplier Management at Hatch – one of the world’s leading engineering, procurement and construction management firms – also provided an endorsement:
“Making the correct choices about suppliers and their role in your organization has a profound impact on the success of an enterprise,” he said. “Uninformed decisions can lead to unexpected risks, costs, and delivery issues, all of which impact the bottom-line. Enterprises must have a concise method of gathering and processing their supplier information in order to maximize the value and effectiveness of the supply base. Without such a system, the enterprise is operating at a major disadvantage.”
Curley told SCMR that ERP is far from dead, however. He explained that While ERP providers have focused on managing the transaction, e-procurement vendors have focused on managing the order, and CRM providers have focused on managing the customer relationship.
“Emptoris’ strategic focus is on supplier management, both managing suppliers and supply intelligence,” he added.
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