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IBM to Acquire Emptoris, Procurement and Supply Chain Software Provider

IBM confirmed on Thursday it was going ahead with the proposed acquisition of Emptoris - a leading name in on-premise analytics software and cloud vendor.

IBM, however, refrained from disclosing any financial details of this agreement. Emptoris is a software outfit that develops software aimed at enhancing intelligence when it comes to procurement and supply chain operations involving expenditure, contact and supplier management.

Interestingly, this acquisition happens to be IBM's latest move in the implementation of its Smarter Commerce initiative which was started earlier this year.

The Smarter Commerce initiative assists organisations in developing faster responses to ever-changing consumer buying patterns and shopping preferences. This is especially important as more and more people are shopping via mobile phones and other mobile devices.

"Procurement officers need to manage the full engagement, integrating suppliers with key internal systems, and have the capability and visibility to manage compliance and mitigate supply risk," said Patrick Quirk, CEO of Emptoris," according to a report by News Factor.

"That is the value we bring to the procurement organisation," he added.