REDWOOD CITY, Calif.--(BUSINESS WIRE)--Ivalua, a global leader in Cloud Spend Management, today announced that it has acquired Directworks to better enable customers to manage direct materials and serve the needs of the manufacturing industry.
Directworks provides a better way for highly engineered product manufacturers to work collaboratively across teams and with suppliers to develop, launch and deliver more profitable products. Leading manufacturers use Directworks' cloud-based platform to more effectively engage stakeholders and suppliers and achieve greater product success.
“Our acquisition of Directworks reflects our continued commitment to ensuring the Ivalua platform provides deep capabilities to manage all company spend categories and processes,” said David Khuat-Duy, Corporate CEO of Ivalua. “By incorporating Directworks’ extensive knowledge and capabilities into our platform, we will better enable 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. We are thrilled to welcome the talented and knowledgeable Directworks team into the Ivalua family.”
“Directworks has helped manufacturers turn their suppliers into a competitive advantage,” said Michele Myers, President of Directworks. “Directworks customers will now be able to do so and manage the entire Source-Pay process with a single, analyst-recognized leading platform.”
Located in the heart of Silicon Valley, Ivalua’s leading global Spend Management Cloud solution is recognized for Leadership in Gartner’s Magic Quadrant for Strategic Sourcing and Spend Matters SolutionMap for Procure-to-Pay in 2017. Ivalua’s out-of-the-box Deep Functionality and Configurable Cloud is fast to deploy and enables high supplier and employee adoption. Ivalua has been deployed to manage over $500 Billion in spend across its 300 clients. Learn more at www.ivalua.com. Read Ivalua Blog or follow @Ivalua on Twitter.