Technology

IBM Announces Vendor Management System Acquisition

By Staffing report

Dec. 15, 2011

International Business Machines Corp. announced a deal to buy Emptoris Inc., a contract management software company whose products include a vendor management system for contingent labor.

Terms of the transaction were not announced. Emptoris is owned by Marlin Equity Partners.

Emptoris’ VMS ranked as the third largest VMS in terms of statement of work spend and as the largest in terms of outsourced service contract spend, according to the 2011 VMS and MSP Supplier Competitive Landscape report by Staffing Industry Analysts.

The acquisition is part of IBM’s “Smarter Commerce” initiative begun in March 2011 and aimed at helping companies respond to shifting customer buying patterns.

“Procurement is being asked to show how it can deliver value to the organization,” said Craig Hayman, general manager of industry solutions at IBM. “Adding Emptoris strengthens the comprehensive capabilities we deliver and enables IBM to meet the specific needs of chief procurement officers.”

Emptoris has more than 350 customers in 75 countries and is based in Burlington, Massachusetts.

The acquisition is anticipated to close in the first quarter of 2012.

Emptoris’ staffing VMS at one time was part of a firm called Click Commerce Inc., a portion of which was acquired by Emptoris in 2009. At the time, Click Commerce’s VMS ranked as the largest with $4.64 billion in spend, according to Staffing Industry Analysts. Emptoris had acquired the pieces of Click Commerce from Illinois Tool Works Inc.

In 2006, Click Commerce had paid $15 million in cash and stock for VMS technology from Elance Inc., a Mountain View, California-based firm that now provides services for companies and individuals seeking to hire independent contractors online.

Filed by Staffing Industry Analysts, a sister company of Workforce Management. To comment, email editors@workforce.com.

Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.

About Workforce.com

blog workforce

We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.

Book a call
See the software

Related Articles

workforce blog

Technology

4 Ways to Maximize HR and WFM Data

Technology and cloud-based applications and platforms enable companies to gather more data, but can the...

workforce blog

Technology

How to prevent workforce management system outages: mitigation through redundancy

Summary Workforce management data breaches and outages are a very real threat Businesses should build r...

data breach, network security, payroll system, system outage, workforce management

workforce blog

Technology

Kronos (UKG) data breach leaves businesses in the dark for “several weeks”

Summary Workforce management company Kronos (UKG) suffers ransomware data breach Kronos Private Cloud a...

data breach, Kronos, ransomware, security, UKG