SmartProcure is a great example of a company using open data from governments to provide potentially valuable data to private enterprises.
The third update of my B2B Commerce Software Provider landscape. Now up to 450 companies. It is getting unwieldy!
There is a lot of money to be made in automating, reconciling and paying complex invoices. Grubby, but profitable work!
To understand SaaS companies you often need to go beyond GAAP measures. But be careful, SaaS metrics are not regulated or even commonly defined.
ISNetworld is a great example of a vertical supplier credentialler. It’s success has spawned many copycats, but none quite like the original.
According to Spend Matters, JP Morgan Chase seems to be ready to shut down Xign. If so, it would be a sad end to an industry pioneer.
Just a quick note that Accenture has announced that it will buy the Procurian unit of ICG Group (ICGE). Procurian was formerly known as ICG Commerce.
Veeva’s IPO shows the model of how an enterprise software platform can build a business quickly these days.
Everyone once in a while, the average investor gets the chance to invest in a company that has a special relationship with the government. Premier is one.