Xeeva, a worldwide supplier of next generation, intelligent procurement solutions has announced the acquisition of Procurepack, an e-sourcing tool developed by Gurugram-based Sourceweb Solutions.
No financial terms of the deal were announced.
Through the acquisition, Xeeva will be able to deliver offer end-to-end, procure-to pay solutions to their customers worldwide.
Procurepack is a cloud-based purchase automation solution that includes processes such as e-RFP, e-auction, supplier management and spend management.
It customers include firms like Samsung electronics.
Dilip Dubey, CEO of Xeeva said: The addition of Procurepack and the technology it brings to Xeeva demonstrates the commitment we have in delivering comprehensive solutions for our clients. Strategically integrating enhanced e-procurement functionality further strengthens our portfolio and illustrates our competitiveness in the marketplace.
Sourceweb was founded by Manesh Jain and Konark Singhal in 2012.
No financial terms of the deal were announced.
Through the acquisition, Xeeva will be able to deliver offer end-to-end, procure-to pay solutions to their customers worldwide.
Procurepack is a cloud-based purchase automation solution that includes processes such as e-RFP, e-auction, supplier management and spend management.
It customers include firms like Samsung electronics.
Dilip Dubey, CEO of Xeeva said: The addition of Procurepack and the technology it brings to Xeeva demonstrates the commitment we have in delivering comprehensive solutions for our clients. Strategically integrating enhanced e-procurement functionality further strengthens our portfolio and illustrates our competitiveness in the marketplace.
Sourceweb was founded by Manesh Jain and Konark Singhal in 2012.