IBM (IBM) Announces Completion of Emptoris Inc. Acquisition
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IBM (NYSE: IBM) today announced it has completed its acquisition of Emptoris Inc. The acquisition expands IBM's cloud-based analytics offerings that provide supply chain intelligence leading to better inventory management and cost efficiencies.
Emptoris solutions bring more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce. Smarter Commerce helps organizations that are struggling to meet the demands of a rapidly changing market. The acceleration in online connectivity and speed, combined with the explosion of information and unprecedented access to it, is reshaping globally interconnected commerce systems. This new digital marketplace requires companies to respond rapidly to customer demands by automating their buying, marketing, selling and service processes.
With the closing of this acquisition, approximately 725 Emptoris employees will join IBM's software group, which is a key driver of growth and profitability for the company.
Emptoris solutions bring more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce. Smarter Commerce helps organizations that are struggling to meet the demands of a rapidly changing market. The acceleration in online connectivity and speed, combined with the explosion of information and unprecedented access to it, is reshaping globally interconnected commerce systems. This new digital marketplace requires companies to respond rapidly to customer demands by automating their buying, marketing, selling and service processes.
With the closing of this acquisition, approximately 725 Emptoris employees will join IBM's software group, which is a key driver of growth and profitability for the company.
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