Emptoris
Company

Last deal

$12M

Amount

Series D

Stage

18.11.2004

Date

3

all rounds

$52.5M

Total amount

date founded

Financing round

General

About Company
Emptoris provides strategic supply and contract management solutions for companies to optimize financial performance and commercial risk.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1999

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

The company's enterprise software solutions help identify savings opportunities and monitor the effectiveness of current initiatives, automate sourcing events, ensure compliance across the supply base, and enable evaluation and tracking of supplier performance. Emptoris' solutions have been recognized with awards and are used by over 350 Fortune 1000 and Global 2000 companies.
Contacts

Contact Email

Phone number

Social url

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M&A Details
1

Transaction name

Acquired by

IBM

announced date

15.12.2011

Financials

Funding Rounds
3
3

Number of Funding Rounds

$52.5M

Money Raised

Their latest funding was raised on 18.11.2004. Their latest investor Actua Corporation. Their latest round Series D

Date 
Funding Round 
Investors 
Money Raised 
Lead 
Menlo Ventures

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count Of Investments

634

count Of Exists

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Co-Investors
Investors
4
3

Number of lead investors

4

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Venture - Series Unknown
Yes
Series C, Series D
Yes
Series C, Series D
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Acquisitions
6
Acquiree Name 
Date 
Price 
Acquisition Name 
Xcitec acquired by Emptoris

Xcitec acquired by Emptoris

acquirer

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date

29.04.2011

type

Acquisition
Xcitec

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Sector

Software and Computer Services

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Rivermine Software acquired by Emptoris

Rivermine Software acquired by Emptoris

acquirer

Emptoris
Emptoris

date

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type

Acquisition
Rivermine Software

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Rivermine Software automates the telecommunications expense management lifecycle for enterprises and government agencies..

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Subsector

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MindFlow Technologies acquired by Emptoris

MindFlow Technologies acquired by Emptoris

acquirer

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Acquisition
MindFlow Technologies

MindFlow Technologies

MindFlow Technologies develops procurement application software, empowering purchasing managers with advanced analysis capabilities.

Sector

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Subsector

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Location

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total raised

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People

Founders
1
Avner Schneur
Avner Schneur

Avner Schneur

Avner Schneur led a number of companies from early stage to IPO or other exits. Schneur is currently managing private holding and management company and is the Founder and Managing General Partner of Kormeli, LLC www.kormeli.com an investment Group dedicated to funding and guiding early-stage technology entrepreneurs and enterprises. Schneur is a board member in number of security and enterprise software companies. In late 1999 Schneur founded Emptoris, leading Supply and Contract mgt Software Company and served as the company’s Chairman, President and CEO. On December 2011 Emptoris was sold to IBM. Prior to founding Emptoris, Schneur was the senior vice president of operations for Vectis Corporation, a leading software vendor of electronic medical records, Before Vectis, Schneur served as vice president and chief technology officer for Astea International, a leading developer of customer interaction software, and helped lead the company to a successful IPO. Prior to Astea Schneur was director of Software development at Elscint, Inc., a manufacturer of high-end medical imaging systems. Schneur Graduated Cum Laude in Industrial Engineering, with a specialty in Information Systems, from the Technion (Israel Institute of Technology).

current job

Visualvault
Visualvault

organization founded

3

Avner Schneur

Employee Profiles
14
Bradley T. Miller

Bradley T. Miller

Chief Financial Officer

Kirit Pandit

Kirit Pandit

VP & Head, Product Management, Spend Analysis and Compliance

Thomas Andrae

Thomas Andrae

Team Member

Ajay Bhandari

Team Member

Activity

Recent News
0