Redwood City – CA, September 3rd 2013 – Ivalua, a leading global vendor in Spend Management Software, announced today that it has been positioned as a “Challenger” by Gartner Inc. in the 2013 Magic Quadrant for Strategic Sourcing Application Suites*.
Ivalua makes a striking move in Gartner MQ* from Niche Player to Challenger, since the latest MQ published in 2010 and is now closer than ever to the Leader quadrant.
Since its inception in 2000 Ivalua placed Corporates’ needs and Usability at the core of its road-map providing its customers with cutting-edge Procurement technology, capable of driving savings, foster cross-team collaboration and improve processes efficiency across the whole procurement spectrum.
“We are thrilled to be positioned as Challenger in Gartner MQ. Many thanks to our customers who have agreed to answer the analysts and who have greatly contributed to these good results,” adds Dan Amzallag, CEO Ivalua Inc.
In this report, Gartner evaluated 29 of the most significant providers specializing in eSourcing applications. Evaluation is based on both customers and vendors surveys.
“We believe, this shift in Gartner MQ reflects Ivalua Business model: putting Customers at the heart of any decision we make. This is the only way to achieve Market Responsiveness and Customer Satisfaction simultaneously. With the launch of Ivalua V8 this fall**, Ivalua will offer an even more powerful tool to all our Customers wishing to manage their Spend in an efficient and collaborative way,” concludes Dan Amzallag.
* Gartner, Magic Quadrant for Strategic Sourcing application Suites, Deborah R Wilson / Magnus Bergfors / Richard Adams, 1 July 2013
** Ivalua Buyer V8 will be launched at Ivalua On Air, October, 15th 2013 – more info : www.ivaluaonair.com
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