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M&A Details1
Financials
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Money Raised
Their latest funding was raised on 18.11.2004. Their latest investor Actua Corporation. Their latest round Series D
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Acquisitions6
Xcitec acquired by Emptoris
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Xcitec
The company provides software solutions for strategic purchasing and supplier management.
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Rivermine Software acquired by Emptoris
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Rivermine Software
Rivermine Software automates the telecommunications expense management lifecycle for enterprises and government agencies..
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MindFlow Technologies acquired by Emptoris
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MindFlow Technologies
MindFlow Technologies develops procurement application software, empowering purchasing managers with advanced analysis capabilities.
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People
Founders1
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
organization founded
Avner Schneur
Employee Profiles14
Kirit Pandit
VP & Head, Product Management, Spend Analysis and Compliance