Ivalua Anticipates Skyrocketing 2013 Revenue on Large US Customer Wins, Becoming a Key Player in the American Spend Management Software Market
The company had exponential revenue growth in 2013 and just opened its new East Coast office in Washington DC Metro area. Ivalua won 12 new large U.S. corporate customers and added 20 employees in the US over the last 12 months. Looking ahead, 2014 looks like another banner year!
Redwood City, December 17th, 2013—Ivalua, one of the global leaders in Spend Management solutions, expects a banner year with a record jump of its U.S. revenues in 2013. This year Ivalua won 12 new large U.S. corporate customers, such as Whirlpool, Michelin, CACI… and opened its first East Coast office, in Washington D.C., strongly expanding its total U.S. team. Ivalua has also started key partnerships with consulting firms as Accenture, CGI, Shelby Group, Nitor and others to implement its solution.
“Our exponential growth this year attests to our product’s maturity and excellence,” said Daniel Amzallag, the CEO of Ivalua Inc. “This really shows that, in two years, we have been able to sign up new important clients and to realize successful implementations, thanks to our local talented team and our flexible product.”
“We definitely became a key player in the American spend management software market, competing and winning against our competitors. It gives us many new opportunities and the ambition to become the global leader of Spend management full suite providers!” adds Paul Noel, Head of Procurement Solutions.
On the global side, Ivalua has 105 people working mainly in Europe and in the US, with offices in France, Germany, Italy, Redwood City (California) and Washington D.C. The company expects a global revenue growth up 50% in 2013.
According to Spend Matters, “The secret sauce involves not only leveraging a single connected suite, but also a platform environment that allows Ivalua to work in the real world of highly complicated and global environments with levels of configuration that cross over far beyond what is even typically possible with limited code level customization of Ariba, SAP SRM, and Oracle eBusiness suite procurement deployments. Indeed, this is why Ivalua is growing fast. Very fast for a SaaS vendor”.