About Bid Mode
Bid Mode is a Technology company based in Carmel (United States) founded in 2017, and was acquired by EC Sourcing Group in October 2020. Software solutions for sourcing and supplier management are provided. The company was acqui-hired. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Source To Pay. Its competitors include Globality, Fairmarkit and Scout RFP; 3 of its 3 listed competitors have raised funding.
Company details
Bid Mode was founded in 2017 and is based in Carmel, United States. Software solutions are offered in the procurement sector for sourcing and supplier management. Key services encompass sourcing optimization, e-sourcing, sourcing analytics, category management, supplier management, and supplier ratings. Operations are centered on tools that support supply chain processes for businesses.
- Headquarters Carmel, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website bidmode.com
- Social LinkedIn Facebook
- Acquired by EC Sourcing Group (Oct 2020)
- Investors
- Acquired byEC Sourcing Group
(Oct 2020)
Investors in Bid Mode
Bid Mode has secured backing from 1 investor. Prominent investors backing the company include EC Sourcing Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Strategic eSourcing, RFP management, and vendor management platforms are provided. | 2001 | ecsourcinggroup.com | Morristown, United States |
Investor details for Bid Mode
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Timeline of Bid Mode
2 dated milestones of Bid Mode across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Bid Mode is founded.
- Exit Acquired by EC Sourcing Group.
Competitors of Bid Mode
Bid Mode has 3 listed competitors in our database, 3 of them funded. They include Globality, Fairmarkit and Scout RFP.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| globality.com | 2015 | Palo Alto, United States | $367.55M | 171 | An AI-based platform for global sourcing and outsourcing is offered. | |
| fairmarkit.com | 2017 | Boston, United States | $77.49M | 102 | Cloud-based tail spend management is delivered for business procurement. | |
| scoutrfp.com | 2013 | San Francisco, United States | $60.93M | 72 | Cloud-based platform for automating RFPs and supplier bidding is offered. |
Detailed competitors of Bid Mode
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Top companies in Procurement & Supply Chain IT
3 companies that operate in the same segment as Bid Mode (Procurement & Supply Chain IT) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 3,711 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | USD 3.59 B | 12,100 | ||
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | USD 5.43 B | 9,900 |
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Related news about Bid Mode
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Frequently Asked Questions about Bid Mode
Bid Mode was founded in 2017.
Bid Mode is headquartered in Carmel, United States. It is registered at Carmel, California, United States.
Bid Mode was founded in 2017 and is based in Carmel, United States. Software solutions are offered in the procurement sector for sourcing and supplier management. Key services encompass sourcing optimization, e-sourcing, sourcing analytics, category management, supplier management, and supplier ratings. Operations are centered on tools that support supply chain processes for businesses.
Bid Mode's top competitors include Globality, Fairmarkit and Scout RFP.
Bid Mode has 1 investor. Key investors include EC Sourcing Group.
Yes. Bid Mode was acquired by EC Sourcing Group in October 2020.