Buyer for e-sourcing software company in Europe

• Revenue: 3-20M EUR
• Employees: not decisive
• Location of the target: Europe
• Reason for acquisition: The company is part of a large group investing in technology businesses. It has a strategy for growing its operations in Europe via acquisitions, therefore the management is open to speaking to interested sellers
• #CFIE ITB152

The buyer is backed up by a strong Venture Capital fund that has the strategy to build a strong group of companies active in a wide diversity of technology fields. The VC invests in software, e-commerce, energy technology and modern industrial sectors. It helps tech-enabled businesses to reach the next level of international growth. It is important that target companies have a proven growing potential driven by the technology they develop. The companies have an outstanding opportunity to have a growth partner that will provide them with resources, know-how, specialists and an international network of organizations able to support the development of new businesses. The VC fund is looking for add-on acquisitions for a company of its portfolio. This company is active in strategic sourcing and developed a cloud-based platform that is used in more than 90 countries around the world. Customers experience an improved sourcing productivity, an increase in contracts under management and in savings. The customers trust the company’s sourcing services and products help in delivering real and measurable business results. Target companies have revenue ranging from 3M to 20M Euro and demonstrate innovative skills.

The company has more than 20 years of presence on the market and has achieved success by focusing on delivering high-class strategic sourcing solutions and support in a flexible and easy-to-use e-sourcing platform. The solutions is a stand-alone software platform that enables users to manage their buying activity by supporting the entire end-to-end sourcing process. The software has many features that, during the configuration, can be tailored to the specific needs of the user and that can best fit the business model. The platform is built based on technologies such as SQL Server database, Microsoft .NET, ASP.NET and AJAX Pro (for frontend), Spreadsheet (Excel) & Microsoft ReportViewer (PDF) for report generation. Services provided by the team are customer support, implementation, integration, managed events, consultancy, training, etc.

The platform automates the sourcing process and allows to manage all the related tasks. The modules enable the user to keep track of the spending and to know what money goes and where, every detail is kept organized due to the project management features. The user receives crucial information on regarding the bidders offers and due to the auction feature there is allowed to negotiate the best pricing received from bidders. All the contracts can be managed under a single repository empowering the user to organize efficiently his commitments. The supply base feature simplifies the information regarding business partners and makes it possible to keep the data updated and accurate. Due to this sourcing platform the user finds it easy to identify, evaluate and select the best vendors and increase business value and manage risks. All modules work together, they are fully integrated and the data can move automatically from one module to another. The platform has multi-language options and provides full transparency & visibility for all the team’s members.

The buyer is looking to acquire an e-sourcing software company that provides services such as:

• E-Sourcing
• Implementation & Configuration
• Integration
• Data Conversion
• Consultancy
• Training

• The buyer is part of a large group that invests in technology businesses
• The buyer’s growth strategy is to acquire software companies and to help them reach the international level
• The group wants to buy an e-sourcing software company with high potential for growth