e-Procurement
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- In February Gartner named Ivalua as a leader for the 2nd year in a row in their “Magic Quadrant for Strategic Sourcing Application Suites 2017”. David Khuat-Duy, Ivalua Group CEO & Founder, put it best when he said, “We are proud to be again among the Leaders in such a prestigious report and are grateful to our customers for their continued adoption of Ivalua solutions.”
- April Breaking News! Ivalua Raises $70 Million from KKR. Well, Spring is the time for new growth and this investment was a huge injection of confidence in our growing company by one of the world’s leading investors. Stephen Shanley, Principal at KKR, said: “Ivalua was born out of the world-class French software engineering community and has developed into one of the most promising tech companies in the European ecosystem” KKR called out Ivalua’s best-in-class product, strong founder-led team, and our proven ability to scale with both high growth and profitability
- In Summer, there was a new face at Ivalua, but a name that is well known in Procurement circles. Alex Saric joined as the new Chief Marketing Officer, based in New York. “I have always been drawn to industry innovators with a passion for driving significant customer value. In today’s Spend Management market, no one does that better than Ivalua.” Well said Alex! At the same time, Paul Noel, was promoted to the newly created Chief Customer Officer role, and this role will be a crucial part of the future of the company.
- In September Swissport chose Ivalua. Gilles Bismuth, Senior Vice President of Business & Development EMEA, summed up the feelings of the whole company “We are proud and honoured of the trust that Swissport has put in Ivalua for the group’s Full Suite project. Swissport’s Marianna Zangrillo, SVP and Group CPO also expressed her approval “Ivalua has impressed us from the beginning due to their competent and customer friendly approach”
- Ivalua won its 5th customer in Canada this year, continuing its momentum in that market, as we announced that TransAlta will utilise our Source-to-Pay suite to support its global supply chain initiative, integrated with its SAP system. In the words of Dawn de Lima, Chief Administrative Officer at TransAlta “After an exhaustive review of all leading vendors, we selected Ivalua for its comprehensive Source-to-Pay platform, flexible architecture and overall ability to give TransAlta a competitive advantage”
- In October, Ivalua was recognised as Value Leader across the broadest set of solution categories of any vendor in the latest Solution Map by Spend Matters. “Spend Matters is validating what Ivalua has always known – that a rigid, one-size-fits-all technology approach isn’t the way to empower Procurement,” said David Khuat-Duy, Ivalua Corporate CEO. 2017 was turning into a very good year, but we didn’t stop there!
- Music Group became our first customer in China when they chose Ivalua’s Source-to-Pay solution and Consus services. We won our first customer in China with our trusted partner Consus. Uli Behringer, Tribal Leader / CEO at MUSIC Group said “MUSIC Group’s Vision and sole purpose is to empower our people to provide life changing experiences for our customers. We are very pleased to have found an alignment in our Vision and Values with Ivalua and Consus, making them the ideal partners on our mutual, long-term and enjoyable journey.”
- October was also the month when Ivalua acquired Directworks, and we made lots of new friends in Pittsburgh! We are delighted to join with and work with such a talented and dedicated group of people. This acquisition demonstrates our continued commitment to ensuring the Ivalua platform provides deep capabilities to manage all company spend categories and processes. As one company, our platform will better enable the management of direct materials and advance the innovations we have already made in managing Bill of Materials and enabling deep collaboration with suppliers and internal stakeholders. However this does mean we need to get up to speed with the Pirates, Steelers and Penguins!
- Christmas came early and brought us the gift of John McAdoo who is joining Ivalua’s executive team as Chief Financial Officer (CFO) in a newly created role. The appointment of a CFO is a key part of a broader investment in talent and technology since Ivalua’s $70M growth equity minority funding in April from KKR, a leading global investor. We plan to increase overall headcount by 50% this year to drive innovation and penetrate new markets in Asia, LATAM and EMEA, so John is going to be an integral part of this growth. “I can’t imagine a more exciting time to join Ivalua,” said John McAdoo. “Ivalua is leading the transformation and digitisation in spend management. David and his executive team recognise and appreciate the opportunity in Procurement, and I’m delighted to be a part of it.” Welcome on board John. We all look forward to working with you!
- The last 2017 thing, is also a 2018 thing! Because 2017 has been such a fantastic year for Ivalua, with new customers all over the world, fantastic Analyst ratings, brilliant new employees joining in Redwood City, New York, London, Singapore and Pittsburgh, and let’s not forget Frankfurt and our beloved Paris, we will take our Ivalua message even further in 2018 as we are expanding IvaluaNOW from the heart of Paris, on March 29th– 30th to London, 13th March and New York on May 17th & 18th. We hope to meet you there. In the meantime, Happy Christmas and see you in 2018!
