We can’t comment on every press release that hits our desks, but here are a few market news stories this week that we thought we should bring to your attention, and some of our own you may have missed – we may have more from our analysts in the coming days …
New Spend Matters series – Nexus Briefs
November 4th saw the first in our new subscription series of advisory briefs for investors, boards and management teams focused on strategy and corporate development topics. There has never been greater investor and M&A interest in this sector, nor as many innovative start-ups and tech firms looking to hit their metrics to achieve the next milestone in their funding growth – and that is just one reason why we have created this new demand-driven offering. Read more about Nexus here.
Workday Acquires Scout RFP for $540 million in cash
The big industry news this week was the announcement of Workday to buy sourcing tech provider Scout RFP – the biggest deal in this area. Read the news story here, and deeper analysis in our subscription coverage Nexus brief for background on Scout RFP, the provider’s strengths and weaknesses, and our initial insights into the rationale for the transaction. In a second brief we look at the competitive implications of the transaction on Workday’s ERP competitors, and in the third we look at competitor analysis and recommendations.
Orpheus: Vendor Snapshot in three parts
We’ve just finished our Pro vendor analysis series on German analytics intelligence firm Orpheus. Backed by artificial intelligence, Orpheus has have built a suite of analytics products that interconnect on a common digital backbone to provide a procurement organisation with analytics-based insights. In this series we provide you with a company overview and its main offerings, an honest breakdown of what is comparatively good (and maybe not so good) about the solution, and a high-level SWOT analysis, some market implications and a summary. Read about that here.
And in other news …
Patrik Heider to join riskmethods as CEO
James Marland of SAP Ariba reviews ‘A Procurement Compendium’ by Peter Smith
Ivalua Announces New Innovations for Managing Direct Materials Spend
Upwork revenue up 23% in Q3 – but shares fell sharply
Bloom Procurement Services in money saving education project
Proactis publishes video of its CEO on Final Results announcement
The Accounts Payable (AP) automation market is expected to grow at a CAGR of 11.0%
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