About Freemarkets
Freemarkets is a Technology company based in Pittsburgh (United States) founded in 1995, and was acquired by SAP Ariba in January 2004. It operates as an auction-based sourcing software and supply management services were offered. Freemarkets offers products and services including SAP Ariba, SAP Fieldglass, SAP Concur, and SAP Business Network. Its focus areas include Enterprise Applications, SCM Software, Spend Management and Source To Pay. Its legal entity is SAP SE. Its competitors include Globality, Scoutbee, Fairmarkit, Scout RFP and supplier.io and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
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.
Products & Services of Freemarkets
Freemarkets offers a comprehensive portfolio of products and services, including SAP Ariba, SAP Fieldglass, SAP Concur, and SAP Business Network.
Automates direct and indirect spend management for businesses.
Manages external workforce and contingent labor efficiently.
Handles travel bookings and expense reporting processes.
Facilitates procurement collaboration between buyers and suppliers.
Apps and channels of Freemarkets
its YouTube channel SAP has 50.4K subscribers and 30 videos.
Videos from Freemarkets
The most watched videos on Freemarkets's YouTube channel, SAP (50.4K subscribers). Click a video to play it here.
More on SAP.
Investors in Freemarkets
Freemarkets has secured backing from 1 investor. Prominent investors backing the company include SAP Ariba.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
E-procurement, invoicing, and B2B collaboration software is offered for businesses. | 1996 | ariba.com | Palo Alto, United States |
Investor details for Freemarkets
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Verified entity values are shown only after access is granted.
Timeline of Freemarkets
3 dated milestones of Freemarkets across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Freemarkets is founded.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by SAP Ariba.
Competitors of Freemarkets
Freemarkets has 9 listed competitors in our database, 7 of them funded. They include Globality, Scoutbee, Fairmarkit, Scout RFP and supplier.io, among others.
| 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. | |
| scoutbee.com | 2015 | Wurzburg, Germany | $76M | 94 | Multi-category products are listed on an AI-driven B2B platform. | |
| 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. | |
| supplier.io | 2011 | Westchester, United States | – | 71 | Web-based supply chain sourcing solutions are provided to businesses. | |
| tradebeyond.com | 1995 | San Diego, United States | – | – | SaaS-enabled solutions for e-commerce operations management are provided. | |
| geniemode.com | 2021 | Gurugram, India | $87.73M | 368 | Sourcing and supply chain platform for retailers and suppliers | |
| gobonfire.com | 2011 | Waterloo, Canada | $8.12M | – | Supplier sourcing is facilitated via RFx tool for procurement evaluations. | |
| showsourcing.com | 2014 | Brussels, Belgium | $466,040 | 4 | Mobile apps for supplier management and product sourcing are utilized. |
Detailed competitors of Freemarkets
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- Full competitor set
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Web traffic of Freemarkets
Websites that share an audience with Freemarkets (freemarkets.com).
Websites whose visitors overlap most with Freemarkets. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ecnet.com | 100% | – | #3,150,683 | View details | |
| synquest.com | 100% | – | – | View details | |
| ettconsulting.com | 100% | – | – | View details | |
| usinteractive.com | 100% | 1.1K | #12,690,763 | View details | |
vinimaya.com | vinimaya.com | 100% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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All 15 similar websites and full traffic analytics for Freemarkets
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- 15 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Procurement & Supply Chain IT
10 companies that operate in the same segment as Freemarkets (Procurement & Supply Chain IT), 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 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | 1,164 | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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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.
Freemarkets operates through Sap Se.
Yes. Freemarkets was acquired by SAP Ariba in January 2004.