Freemarkets

Pittsburgh, United States Founded: 1995 • Age: 31 yrs Acquired By SAP Ariba
Auction-based sourcing software and supply management services were offered.
Annual revenue - Latest available
Total funding - Funding intelligence
Employees - Tracked headcount
Investors 1 Known backers
Products 4 Services tracked
Competitors 10 Brand Intelligence

About Freemarkets

Freemarkets is a company based in Pittsburgh (United States) founded in 1995 was acquired by SAP Ariba in January 2004. Freemarkets offers products and services including SAP Ariba, SAP Fieldglass, SAP Concur, and SAP Business Network. Freemarkets operates in a competitive market with competitors including Globality, Scoutbee, Fairmarkit, Scout RFP and supplier.io, among others.

  • Headquarter Pittsburgh, United States
  • Stage Public
  • Sectors
    Technology
  • Phone
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  • Website
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  • Legal Name Sap Se
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
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  • Net Profit
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  • Latest Funding Round
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  • Investors
  • Employee Count
    Not available
  • Acquired by
    SAP Ariba

    (Jan 23, 2004)

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Products & Services of Freemarkets

Freemarkets offers a comprehensive portfolio of products and services, including SAP Ariba, SAP Fieldglass, SAP Concur, and SAP Business Network.

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Primary

Automates direct and indirect spend management for businesses.

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Manages external workforce and contingent labor efficiently.

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Handles travel bookings and expense reporting processes.

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Facilitates procurement collaboration between buyers and suppliers.

Funding Insights of Freemarkets

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Detailed funding history for Freemarkets

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Investors in Freemarkets

Freemarkets has secured backing from 1 investor. Prominent investors backing the company include SAP Ariba.

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Investor Description Founded Year Domain Location
E-procurement, invoicing, and B2B collaboration software is offered for businesses.
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Investor details for Freemarkets

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Investments & Acquisitions by Freemarkets

Investments
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Investment portfolio details for Freemarkets

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Financial Statements - Freemarkets

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Detailed financials for Freemarkets

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Freemarkets Comparisons

Freemarkets Primary company
Description
Auction-based sourcing software and supply management servic...
Location
Pittsburgh, United States
Founded Year
1995
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
Premium access

Peer comparison for Freemarkets

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Competitors of Freemarkets

Freemarkets operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Globality, Scoutbee, Fairmarkit, Scout RFP and supplier.io, among others.

Company Name Domain Founded year HQ Location Description
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An AI-based platform for global sourcing and outsourcing is offered.
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Multi-category products are listed on an AI-driven B2B platform.
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Cloud-based tail spend management is delivered for business procurement.
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Cloud-based platform for automating RFPs and supplier bidding is offered.
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Web-based supply chain sourcing solutions are provided to businesses.
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SaaS-enabled solutions for e-commerce operations management are provided.
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Detailed competitors of Freemarkets

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Latest news on Freemarkets

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Complete news archive for Freemarkets

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Frequently Asked Questions about Freemarkets

Freemarkets was founded in 1995.

Freemarkets is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.

Freemarkets was founded in 1995 in Pittsburgh, United States, focusing on the supply chain management sector. Software, services, and solutions were provided to handle procurement processes, with auction-based sourcing as a key feature to streamline supply management. Operations emphasized enhancing corporate supply capacities through digital tools. The company was acquired by Ariba in 2004 to integrate with existing spend management systems.

Freemarkets's top competitors include Globality, Fairmarkit and Scoutbee.

Freemarkets offers SAP Ariba, SAP Fieldglass, SAP Concur, and SAP Business Network.

Freemarkets has 1 investor. Key investors include SAP Ariba.

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