EC Sourcing Group Acquires BidMode
October 13, 2020
EC Sourcing Group, a Morristown, New Jersey–based provider of SaaS procurement solutions, has acquired BidMode, a sourcing optimization and analytics specialist. As part of the deal BidMode CTO Ian Diakov joined EC Sourcing as an equity owner and Chief Technology Officer, and BidMode’s technology has been integrated to expand EC Sourcing’s machine learning, award optimization, and analytics capabilities; financial terms were not disclosed.
- Buyers
- EC Sourcing Group
- Targets
- BidMode
- Industry
- Cloud & SaaS
- Location
- Indiana, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
ECI Software Solutions Acquires ES Tech Group
October 7, 2022
Cloud & SaaS
ECI Software Solutions has completed the acquisition of ES Tech Group, a U.K.-based B2B eCommerce software and services company. The deal expands ECI's cloud-based eCommerce portfolio and brings ES Tech's platform and growth-agency capabilities into ECI's suite to better serve SME manufacturers, distributors and wholesalers.
-
ThoughtSpot Acquires Mode Analytics for $200M
July 19, 2023
Cloud & SaaS
ThoughtSpot signed a definitive agreement to acquire Mode Analytics, a modern business intelligence platform, in a cash-and-equity deal valued at $200M. Upon close, Mode will become a wholly owned subsidiary of ThoughtSpot, combining AI-first analytics with Mode’s code-first BI workflow to better serve data and business teams.
-
ICT Group Acquires Modality
February 12, 2025
Software
ICT Group has acquired Modality, a Dutch software firm specializing in intermodal freight transport systems (TMS/TOS). The deal strengthens ICT Group’s Logistics division, expands its capabilities in the seaport–hinterland logistics chain, and supports further growth across the Benelux and DACH regions while Modality continues to operate under its current management.
-
ECI Software Solutions Acquires Merchant Systems Group (eCommonSense)
October 11, 2021
Cloud & SaaS
ECI Software Solutions has completed the acquisition of Merchant Systems Group Limited, the U.K. developer of the eCommonSense eCommerce and product data management platform for lumber & building materials and related dealers. The platform will join ECI’s LBM and Hardlines group and be used both as an integrated ecommerce capability for ECI’s cloud ERP offerings and as a standalone global eCommerce solution.
-
Accenture to Acquire Insight Sourcing
February 13, 2024
Professional Services
Accenture has agreed to acquire Insight Sourcing, a provider of strategic sourcing and procurement services. The deal will expand Accenture’s sourcing and procurement advisory and execution capabilities for private equity clients and consumer goods, retail, technology, and industrial organizations, including adding approximately 220 sourcing consultants and a suite of technology procurement tools.
-
Enverus Acquires BidOut
August 6, 2024
Cloud & SaaS
Enverus, the energy-focused SaaS provider, has acquired BidOut, an AI-powered RFx procurement platform headquartered in Houston. The acquisition will integrate BidOut’s sourcing and RFx capabilities into Enverus’ Source-to-Pay suite to expand procurement automation and drive greater efficiency across Enverus’ energy customer base.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.