Thursday, January 28, 2010

Emptoris Reports 6% Annual, 20% Q4 Growth

Emptoris, a world leader in strategic supply management software and enterprise contract management software, outlined today the company's accelerating growth in its customer base, revenues, solution investments and global organization.

Emptoris reported 6% growth in revenues in 2009 and revenue growth in excess of 20% for Q4 2009 as compared to Q4 2008, rates well ahead of the industry average. The company also reported transactions with more than 140 companies over the course of the year, the vast majority with Global 1000 companies.

In the past year, Emptoris has dramatically increased its customer base with a number of new customers, including one of the world's top five entertainment companies, one of the world's five largest energy companies; one of the five largest financial services institutions in the U.S., one of the world's largest healthcare technologies companies, a leading international telecommunications company, a global airline, and the world's largest manufacturer and distributor of heating and air conditioning systems. Also added to the Emptoris roster were Anglo American, one of the world's leading mining groups; CNOOC, one of China's largest oil and gas companies; and Deutsche Telekom, the largest telecommunications company in Europe. The public sector continued to adopt Emptoris technology with notable new customers the Ministry of Justice, one of the British government's largest departments, and the US Postal Service, an independent agency of the U.S. federal government.

In addition, existing Emptoris customers continued to upgrade and expand their usage of Emptoris solutions. More than 50 customers went live with new Emptoris solutions or upgraded solutions in 2009, many on multiple solutions. This included Groupe Danone, the €15 billion multi-national food products company; as well as one of the world's largest media and information companies, one of the world's five largest technology companies, one of the world's leading consumer packaged goods (CPG) companies, one of the world's largest energy companies, one of the five largest health insurers in the U.S., and one of the world's five leading telecommunications companies.

Emptoris, backed by its majority shareholder and capital partner, Marlin Equity Partners, through its group of funds, continues to invest heavily in the organic and strategic expansion of its solution suite and its global organization. As an example of its strategic growth, Emptoris pointed to its acquisition of the market's leading Services Procurement solution. The acquisition expanded Emptoris' solution footprint and positioned the company as the only software suite provider in the global services management arena, one of the fastest growing areas of strategic supply management and enterprise contract management.

The company also noted that Marlin recently raised a new $650 million private equity fund - and is committed to a significant investment in the Emptoris solution suite and global expansion of the organization, as well as future potential strategic acquisitions.

Emptoris also announced that it has expanded its global operations with customer deployments in China and South Africa. As well, Emptoris signed significant deals with German-based companies including a leading global telecommunications provider and one of the world's largest power and gas companies.

Globally, the company added more than 65 new professionals to its team this past year with notable additions in professional services, development and customer support.

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