About EC Sourcing Group
EC Sourcing Group is a Technology company based in Morristown (United States) founded in 2001, and was acquired by Simfoni in January 2022. Strategic eSourcing, RFP management, and vendor management platforms are provided. EC Sourcing Group has completed 1 acquisition, including Bid Mode. EC Sourcing Group offers products and services including EC Spend, EC eSourcing, EC eAuctions, EC Optimize, and EC Supplier. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Source To Pay. Its legal entity is EC Sourcing Group, LLC. Its competitors include Globality, Fairmarkit and Scout RFP; 3 of its 3 listed competitors have raised funding.
Company details
EC Sourcing Group offers strategic eSourcing, RFP management, reverse auction and vendor management software solutions. FlexRFP e-Sourcing suite is a web-based platform with different modules : spend analysis, eRFX eSourcing, reverse auctions, contract management, and supplier management. The FlexRFP tool automates supplier negotiation and related time-intensive tasks such as baseline data analysis, vendor qualification and onboarding, bid management, collaborative communication, document exchange, and iterative bid analysis.
Products & Services of EC Sourcing Group
EC Sourcing Group offers a comprehensive portfolio of products and services, including EC Spend, EC eSourcing, EC eAuctions, EC Optimize, and EC Supplier.
Integrates data for actionable procurement taxonomy.
Simplifies and streamlines sourcing with speed and transparency.
Facilitates quick savings through easy e-auction processes.
Creates award scenarios balancing needs and savings.
Automates onboarding and document management for suppliers.
Increases visibility to contract data for better decisions.
Digitizes collaboration to accelerate procurement processes.
Generates dashboards for key procurement KPIs.
Apps and channels of EC Sourcing Group
its YouTube channel EC Sourcing Group has 105 subscribers and 30 videos.
Videos from EC Sourcing Group
The most watched videos on EC Sourcing Group's YouTube channel, EC Sourcing Group (105 subscribers). Click a video to play it here.
More on EC Sourcing Group.
Investors in EC Sourcing Group
EC Sourcing Group has secured backing from 1 investor. Prominent investors backing the company include Simfoni.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI-based spend analysis and management solution for businesses | 2007 | simfoni.com | Chicago, United States |
Investor details for EC Sourcing Group
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Investments & Acquisitions by EC Sourcing Group
EC Sourcing Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bid Mode.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Software solutions for sourcing and supplier management are provided. | bidmode.com | Carmel, United States | 2017 | Oct 2020 | •••• |
Complete acquisition details for EC Sourcing Group
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Competitors of EC Sourcing Group
EC Sourcing Group 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 EC Sourcing Group
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Web traffic of EC Sourcing Group
The website of EC Sourcing Group (ecsourcinggroup.com) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 1.4% vs previous month
Websites whose visitors overlap most with EC Sourcing Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| scoutrfp.com | 100% | View details | |||
| marketdojo.com | 88% | 33.5K | #821,952 | View details | |
rfp-templates.com | rfp-templates.com | 86% | – | ||
| intelometry.com | 32% | 1.1K | #12,950,025 | View details | |
relp.ngo | relp.ngo | 32% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for EC Sourcing Group
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Top companies in Procurement & Supply Chain IT
3 companies that operate in the same segment as EC Sourcing Group (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 Ec Sourcing Group
Complete news archive for EC Sourcing Group
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Frequently Asked Questions about EC Sourcing Group
EC Sourcing Group was founded in 2001.
EC Sourcing Group is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
EC Sourcing Group offers strategic eSourcing, RFP management, reverse auction and vendor management software solutions. FlexRFP e-Sourcing suite is a web-based platform with different modules : spend analysis, eRFX eSourcing, reverse auctions, contract management, and supplier management. The FlexRFP tool automates supplier negotiation and related time-intensive tasks such as baseline data analysis, vendor qualification and onboarding, bid management, collaborative communication, document exchange, and iterative bid analysis.
EC Sourcing Group's top competitors include Globality, Fairmarkit and Scout RFP.
EC Sourcing Group offers EC Spend, EC eSourcing, EC eAuctions, EC Optimize, and 4 more products and services.
EC Sourcing Group has made 1 acquisition, including Bid Mode.
EC Sourcing Group has 1 investor. Key investors include Simfoni.
EC Sourcing Group operates through Ec Sourcing Group, Llc.
Yes. EC Sourcing Group was acquired by Simfoni in January 2022.