{"id":40540,"date":"2022-01-09T05:40:54","date_gmt":"2022-01-09T10:40:54","guid":{"rendered":"https:\/\/simfoni.com\/?p=40540"},"modified":"2025-02-10T08:53:27","modified_gmt":"2025-02-10T13:53:27","slug":"simfoni-acquires-ec-sourcing-group-further-accelerating-growth-and-momentum","status":"publish","type":"post","link":"https:\/\/simfoni.com\/news-and-events\/simfoni-acquires-ec-sourcing-group-further-accelerating-growth-and-momentum\/","title":{"rendered":"Simfoni Acquires EC Sourcing Group, Further Accelerating Growth and Momentum"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"40540\" class=\"elementor elementor-40540\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-9948a92 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"26644\" data-id=\"9948a92\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61215ac\" data-eae-slider=\"76902\" data-id=\"61215ac\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2a00e1 elementor-blockquote--skin-boxed elementor-blockquote--align-left elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-widget elementor-widget-blockquote\" data-id=\"c2a00e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tSimfoni, a leader in digital <a href=\"https:\/\/simfoni.com\/procurement\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Procurement\" target=\"_blank\" rel=\"noopener\">procurement<\/a> solutions, partners with a prominent supplier of <a href=\"https:\/\/simfoni.com\/esourcing-guide\/\" data-internallinksmanager029f6b8e52c=\"20\" title=\"eSourcing\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span><\/a> and award optimization solutions to create market leadership in <a href=\"https:\/\/simfoni.com\/strategic-sourcing\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Strategic Sourcing\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">strategic sourcing<\/span><\/a> technology.\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\"> <\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=Simfoni%2C+a+leader+in+digital+procurement+solutions%2C+partners+with+a+prominent+supplier+of+eSourcing+and+award+optimization+solutions+to+create+market+leadership+in+strategic+sourcing+technology.+%E2%80%94++&amp;url=https%3A%2F%2Fsimfoni.com%2Fnews-and-events%2Fsimfoni-acquires-ec-sourcing-group-further-accelerating-growth-and-momentum%2F&amp;via=simfoniapps\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-2714e09 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"53495\" data-id=\"2714e09\" data-element_type=\"section\" data-e-type=\"section\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff1d3c3\" data-eae-slider=\"9905\" data-id=\"ff1d3c3\" data-element_type=\"column\" data-e-type=\"column\" data-settings='{\"pix_scale_in\":\"none\"}'>\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-477215b elementor-widget elementor-widget-text-editor\" data-id=\"477215b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span class=\"TextRun SCXW4175630 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><strong><a href=\"https:\/\/simfoni.com\/\" target=\"_blank\" rel=\"noopener\"><span class=\"NormalTextRun SpellingErrorV2 SCXW4175630 BCX0\">Simfoni<\/span><\/a><\/strong><span class=\"NormalTextRun SCXW4175630 BCX0\"> &ndash; the world&rsquo;s most accessible <a href=\"https:\/\/simfoni.com\/procurement\/\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">digital procurement<\/span><\/a> vendor, has started the new year with a bang by announcing today that it has finalized its <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">acquisition<\/span> of EC Sourcing Group, a recognized leader in <a href=\"https:\/\/simfoni.com\/esourcing-guide\/\" target=\"_blank\" rel=\"noopener\"><strong><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span><\/strong><\/a> and decision award optimization. <\/span><\/span><span class=\"TextRun SCXW4175630 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW4175630 BCX0\">This&nbsp;<\/span><span class=\"NormalTextRun SCXW4175630 BCX0\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">acquisition<\/span><\/span><span class=\"NormalTextRun SCXW4175630 BCX0\">&nbsp;combines both&nbsp;<\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW4175630 BCX0\">Simfoni&rsquo;s<\/span><span class=\"NormalTextRun SCXW4175630 BCX0\">&nbsp;market-leading Spend Intelligence module and EC Sourcing Group&rsquo;s market-leading <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span> platform which will support enterprise clients with an exclusive package that&nbsp;<\/span><span class=\"NormalTextRun SCXW4175630 BCX0\">delivers<\/span><span class=\"NormalTextRun SCXW4175630 BCX0\">&nbsp;unified <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">data integration<\/span>&nbsp;<\/span><span class=\"NormalTextRun SCXW4175630 BCX0\">which,&nbsp;<\/span><span class=\"NormalTextRun SCXW4175630 BCX0\">in turn<\/span><span class=\"NormalTextRun SCXW4175630 BCX0\">, drives powerful&nbsp;<\/span><span class=\"NormalTextRun SCXW4175630 BCX0\">insights across the <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">strategic sourcing<\/span> lifecycle.&nbsp;<\/span><\/span><span class=\"EOP SCXW4175630 BCX0\" data-ccp-props=\"{\">&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7270765 elementor-widget elementor-widget-text-editor\" data-id=\"7270765\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><strong><span class=\"NormalTextRun BCX0 SCXW143954992\"><a href=\"https:\/\/www.linkedin.com\/in\/chiragshah01\/\" target=\"_blank\" rel=\"noopener\">Chirag Shah<\/a>, <\/span><span class=\"NormalTextRun SpellingErrorV2 BCX0 DefaultHighlightTransition SCXW143954992\">Simfoni<\/span><span class=\"NormalTextRun BCX0 SCXW143954992\">&nbsp;Founder &amp;&nbsp;<\/span><span class=\"NormalTextRun BCX0 SCXW143954992\">Chairman expressed his delight on this news,<\/span><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1aa8d92 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"1aa8d92\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t&ldquo;<a href=\"https:\/\/simfoni.com\/spend-analytics\/what-is-spend-analytics-why-and-how-it-is-implemented\/\" data-internallinksmanager029f6b8e52c=\"24\" title=\"Spend Analytics\" target=\"_blank\" rel=\"noopener\">Spend Analytics<\/a> and <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span> technologies are like 2 sides of the same coin &ndash; an essential combination for leading procurement practitioners &ndash; yet the market offers few best-of-breed, integrated solutions of this nature.&rdquo;\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56359a0 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"56359a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t<strong> He also added that,&nbsp;<\/strong>&ldquo;There are tremendous synergies between the two companies in addition to the product fit. The combined entity supports hundreds of enterprise customers across multiple industry verticals and offers global capabilities that are unmatched by other vendors.&rsquo;&rsquo;&nbsp;In his commentary on the <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">acquisition<\/span>, Shah highlights that&nbsp;&ldquo;Ron Emma and Andy Caetta are both proven procurement professionals that have used their domain expertise to build highly intuitive and feature-rich products that have positioned EC Sourcing Group&nbsp;as the standout leader in the Spend Matters Solution Map and a <strong>&lsquo;50 to Know&rsquo; <\/strong> vendor in the Procurement Almanac.&nbsp;I&rsquo;m delighted to be joining forces with them to create a powerhouse in the Source 2 Contract segment.&rdquo;\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05a0e56 elementor-widget elementor-widget-text-editor\" data-id=\"05a0e56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #004f7d;\"><strong>Read more:-<\/strong><\/span> <a href=\"https:\/\/simfoni.com\/news-and-events\/simfoni-recognized-as-a-leading-vendor-for-the-6th-year-in-succession\/\" target=\"_blank\" rel=\"noopener\">Simfoni recognized as a leading vendor for the 6th year in succession<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac41694 elementor-widget elementor-widget-text-editor\" data-id=\"ac41694\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 14pt;\"><strong><span class=\"NormalTextRun BCX0 SCXW32440980\">This achievement caps a banner year in which&nbsp;<\/span><span class=\"NormalTextRun SpellingErrorV2 BCX0 SCXW32440980\">Simfoni<\/span><span class=\"NormalTextRun BCX0 SCXW32440980\">&nbsp;saw growth across all crucial performance indicators:<\/span><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ae40592 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"ae40592\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Over a 300% increase in MRR <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Over a 350% increase in Customer Count <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">$15M Strategic Investment from PeakSpan Capital<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-check\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M173.898 439.404l-166.4-166.4c-9.997-9.997-9.997-26.206 0-36.204l36.203-36.204c9.997-9.998 26.207-9.998 36.204 0L192 312.69 432.095 72.596c9.997-9.997 26.207-9.997 36.204 0l36.203 36.204c9.997 9.997 9.997 26.206 0 36.204l-294.4 294.401c-9.998 9.997-26.207 9.997-36.204-.001z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Over a 200% increase in employee headcount <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-731e52e elementor-widget elementor-widget-text-editor\" data-id=\"731e52e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span class=\"NormalTextRun SCXW44737940 BCX0\">Through this move, <\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW44737940 BCX0\">Simfoni<\/span><span class=\"NormalTextRun SCXW44737940 BCX0\">&nbsp;continues to stick by&nbsp;<\/span><span class=\"NormalTextRun SCXW44737940 BCX0\">its&nbsp;<\/span><span class=\"NormalTextRun SCXW44737940 BCX0\">composable procurement philosophy by presenting a Spend Automation solution for end-users to better control tail <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2 SCXW44737940 BCX0\">spend<\/span><span class=\"NormalTextRun SCXW44737940 BCX0\">, while freeing the procurement team to concentrate on higher-value activities with a plug and play set of modules&mdash;each with market control in its <\/span><span class=\"NormalTextRun AdvancedProofingIssueV2 SCXW44737940 BCX0\">particular segment<\/span><span class=\"NormalTextRun SCXW44737940 BCX0\">.&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9799518 elementor-widget elementor-widget-text-editor\" data-id=\"9799518\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 14pt;\"><strong><span class=\"TextRun BCX0 SCXW11622554\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun BCX0 SCXW11622554\">Supplying a One-stop <span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/simfoni.com\/eprocurement\/\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eProcurement<\/span><\/a><\/span> and <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span> Shop for Procurement Teams&nbsp;<\/span><\/span><span class=\"EOP BCX0 SCXW11622554\" data-ccp-props=\"{\">&nbsp;<\/span><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19911a2 elementor-widget elementor-widget-text-editor\" data-id=\"19911a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span class=\"TextRun SCXW232758011 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW232758011 BCX0\">EC Sourcing Group&rsquo;s <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span> solution offers market-leading&nbsp;<\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW232758011 BCX0\">eRFX<\/span><span class=\"NormalTextRun SCXW232758011 BCX0\">,&nbsp;<\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW232758011 BCX0\">eAuction<\/span><span class=\"NormalTextRun SCXW232758011 BCX0\">, and <a href=\"https:\/\/simfoni.com\/contract-management\/\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Contract Management\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">Contract Management<\/span><\/a> features, and has standout capabilities for automation of sourcing award decisions. Its Optimization module is best-in-class and provides <a href=\"https:\/\/simfoni.com\/sourcing\/\" target=\"_blank\" rel=\"noopener\"><strong>sourcing<\/strong><\/a> professionals with an easy-to-use capability that can process overly complex scenarios in just a matter of seconds &ndash; offering significant advantages in terms of time and money. These data-driven solutions are the ideal accompaniment to&nbsp;<\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW232758011 BCX0\">Simfoni&rsquo;s<\/span><span class=\"NormalTextRun SCXW232758011 BCX0\">&nbsp;Spend Intelligence platform and further improve the tractability of its Spend Automation platform in the area of <a href=\"https:\/\/simfoni.com\/tail-spend-management-guide\/\" data-internallinksmanager029f6b8e52c=\"11\" title=\"Tail Spend\" target=\"_blank\" rel=\"noopener\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">spend management<\/span><\/span><\/a>.<\/span><\/span><span class=\"EOP SCXW232758011 BCX0\" data-ccp-props=\"{\">&nbsp;<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c24845d elementor-widget elementor-widget-text-editor\" data-id=\"c24845d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span class=\"NormalTextRun SCXW5169742 BCX0\">Consumers of both companies will profit from increased global reach, increased investment in product development and modernization, while enjoying the same excellence of customer and service delivery assistance that they have come to expect from&nbsp;<\/span><span class=\"NormalTextRun SpellingErrorV2 SCXW5169742 BCX0\">Simfoni<\/span><span class=\"NormalTextRun SCXW5169742 BCX0\">&nbsp;and EC Sourcing.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e7cd87 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"8e7cd87\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t&ldquo;After almost 20 years building EC Sourcing into one of the leaders in the <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span> and&nbsp;award&nbsp;optimization segment it was especially important for us that we found a partner that would respect our legacy. With&nbsp;Simfoni, we found a team that truly shared our view about the future of leveraging data to automate the <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">strategic sourcing<\/span> lifecycle and have the complementary resources to enable us to build a dominant position in the S2C market,&rdquo; <strong> declared <a href=\"https:\/\/www.linkedin.com\/in\/ron-emma-85400a1\/\" target=\"_blank\"> Ron Emma<\/a>, Co-founder, EC Sourcing Group. <\/strong> &ldquo;I would like to take this opportunity to thank the EC Sourcing team for their dedication and commitment and of course our customers who have supported us over the years; we look forward to continuing to serve them with the same professionalism and an even greater selection of innovative products and services.&rdquo;\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80246fb elementor-widget elementor-widget-text-editor\" data-id=\"80246fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\"><span style=\"font-size: 14pt;\"><strong><span class=\"TextRun  BCX0 SCXW231878445\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun  BCX0 SCXW231878445\"><a href=\"https:\/\/www.linkedin.com\/in\/jason-busch-96075\/\" target=\"_blank\" rel=\"noopener\">Jason Busch<\/a>, CEO of Spend Matters remarked, <\/span><\/span><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c974ac8 elementor-blockquote--skin-border elementor-widget elementor-widget-blockquote\" data-id=\"c974ac8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t&ldquo;We&rsquo;ve tracked Simfoni and EC Sourcing Group for many years and both vendors exceed the Solution Map analyst\/functional and customer satisfaction benchmark average for all segments of the market in which they compete. But what is most curious to me about this <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">acquisition<\/span> is the unique pedigree of the Simfoni executive team in the <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">strategic sourcing<\/span> technology area -- which multiple members of the team are expert in from previously leading tech firms in this segment. Given this expertise and operating knowledge, combining Simfoni spend analytics, <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">tail <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">spend management<\/span><\/span> and spend managed services with a top performing <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">strategic sourcing<\/span> technology seems about as low a risk, high upside combination as anyone could put together from an M&amp;A perspective in the fast-growing procurement technology sector.&rdquo;\t\t\t<\/p>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Simfoni, a leader in <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">digital procurement<\/span><\/span> solutions, partners with a prominent supplier of <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">eSourcing<\/span><\/span> and award optimization solutions to create market leadership in <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">strategic sourcing<\/span><\/span> technology. Tweet Simfoni &ndash; the world&rsquo;s most accessible <span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\"><span class=\"\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">digital procurement<\/span><\/span> vendor, has started the new&hellip;<\/p>\n","protected":false},"author":1,"featured_media":40541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"footnotes":""},"categories":[2529],"tags":[2760,2714,457,458],"class_list":["post-40540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-events","tag-esourcing","tag-supplier-management","tag-tail-spend","tag-tail-spend-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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