Ivalua Acquires Directworks to Further Strengthen Direct Materials Management Capabilities
Press Release
Ivalua Acquires Directworks to Further Strengthen Direct Materials Management Capabilities
Platform to offer a complete Spend Management solution for Manufacturers
London, UK - October 27, 2017 - Ivalua, a global leader in , today announced that it has acquired to better enable customers to manage direct materials and serve the needs of the manufacturing industry.
Directworks provides a better way for highly engineered product manufacturers to work collaboratively across teams and with suppliers to develop, launch and deliver more profitable products. Leading manufacturers use Directworks' cloud-based platform to more effectively engage stakeholders and suppliers and achieve greater product success.
"Our acquisition of Directworks reflects our continued commitment to ensuring the Ivalua platform provides deep capabilities to manage all company spend categories and processes," said David Khuat-Duy, Corporate CEO of Ivalua. "By incorporating Directworks' extensive knowledge and capabilities into our platform, we will better enable management of direct materials and advance the innovations we have already made in managing Bill of Materials and enabling deep collaboration with suppliers and internal stakeholders. We are thrilled to welcome the talented and knowledgeable Directworks team into the Ivalua family."
"Directworks has helped manufacturers turn their suppliers into a competitive advantage," said Michele Myers, President of Directworks. "Directworks customers will now be able to do so and manage the entire Source-Pay process with a single, analyst-recognized leading platform."
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About Ivalua
Ivalua is a global provider of Spend Management solutions and a leader in Gartner's 2017 Strategic Sourcing Magic Quadrant. Ivalua's cloud-based software is used by procurement and finance organizations in large, global companies, and every day more than 500,000 users and millions of suppliers from over 70 countries log into the Ivalua platform.
Ivalua offers a single platform solution with highly configurable functionality across all major procurement and finance processes, including performance and risk tracking, sourcing, contracts, procure to pay, invoice automation and analytics. The breadth and flexibility of Ivalua's offering accelerates user adoption, spend category coverage and bottom-line savings.
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Fanny LUCAS
IVALUA
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