Emptoris - Press Releases
Summary
Since its founding in 1999, Emptoris has quickly become one of the leading e-sourcing software vendors with industry-leading technology that is used by numerous Global 5000 companies across a wide range of industries, including electronics, pharmaceutical, metals and mining, aerospace and defense, and financial services. “E-sourcing has emerged as a key cost saver for Global 5000 companies,” said Mark A. Siegel, Managing Director, Menlo Ventures. “As one of the leading e-sourcing vendors, Emptoris is helping large companies in many vertical markets to significantly reduce product costs by automating the strategic sourcing process. “Im pleased to have two of the top financial institutions, Menlo Ventures and HarbourVest Partners, join this round. With this new funding, the company is positioned to establish itself as the standalone leader in the e-sourcing software market.” About Emptoris Emptoris is a leading provider of e-sourcing solutions that support the end-to-end strategic sourcing needs of Global 5000 companies.