Tuesday 5th December, 2017
JAGGAER, formerly known as SciQuest, plans to acquire BravoSolution from an Italian based investment company.
JAGGAER would have over 1,850 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the UK, Australia, Asia, and the Middle East.
BravoSolution will align with JAGGAER’s existing Source-to-Pay technology suite and vertical strategy, offering a complete solution that has been adopted by leading businesses across the globe. Collectively, the JAGGAER organisations will focus on providing specialised solutions for multiple industry sectors.
In July 2016, JAGGAER was purchased by Accel-KKR a private equity firm for approximately $509 million.
Robert Bonavito, CEO of JAGGAER, said, "This acquisition enables the largest companies in the world to do business with a single partner and cover all of their spend management needs. We have best of breed, fully developed solutions for multiple vertical industries delivering value across the full spectrum of spend types. With our size, financial stability, and expanded infrastructure we can further accelerate product innovation and bring customer value across a vast swath of geographies and industries."