Two auto consortia formed in the B2B bubble era were in the news last week: Covisint (a not so great story) and OEConnection (a success story).
Cotiviti is a managed services provider that audits invoices and claims for its clients and shares in the savings they find.
Sciquest was private, then public (1999), then private (2004), then public (2010), now going private again as Accel-KKR announces deal to buy it for $509M.
Who knew there was a second company in Espoo Finland (not Basware) that is a leader in e-billing and perhaps e-invoicing. Meet Opus Capita.
Take the Gartner Procure to Pay Magic Quadrant, add company valuations and voila you can see who is ripe for the picking!!
Upwork, the successor company to Elance and Odesk is tweaking its fees–not an easy task for a two-sided marketplace.
Oracle’s purchase of Textura shines a spotlight on two comparables: Aconex (Australia) and RIB Software (Germany).
From start-up to near bankruptcy to Unicorn to fallen angel to sold at a 70% premium. The wild ride of a B2B marketplace and application, Cvent.
It’s sad to see Tungsten struggle. It’s predecessor OB10 practically invented e-invoicing. There are many lessons to be learned there, however.