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by Chris Chiappinelli, MA Editorial Staff Posted on Friday, September 15, 2006 5:08:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | On-demand supply chain management Procuri buys out TrueSource to bring spend management product in house; announces additional partnerships at annual conference |
| Keywords: | Procuri, TrueSource, on-demand, supply chain management, spend management, acquisition, SEEBURGER, Austin Tetra, TotalAnalytics, Empower 2006 |
On-demand supply chain management provider Procuri Inc. has acquired TrueSource Inc., a purveyor of spend management application services and a Procuri partner for the past year. Terms of the deal were not disclosed. The acquisition, announced at Procuri's Empower 2006 conference in Atlanta earlier this week, brings in-house the spend management product that TrueSource developed and Procuri has been selling for the past year under the TotalAnalytics rubric. "There was always an option -- do we build or buy?" said Tim Minahan, senior vice president of marketing for Procuri, in an interview with Managing Automation. "We definitely had to have [spend management] in our suite, and then I think it got to a point where we realized we really needed to own it as well." [Click to continue] |
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