About PSG Procurement Services
PSG Procurement Services is a company based in Lohmar (Germany) founded in 1991 was acquired by EPSA in February 2020. PSG Procurement Services offers products and services including PSG Marketplace, PSG SpotBuy, and PSG eProcurement. PSG Procurement Services operates in a competitive market with competitors including Bizongo, SmartEquip, BirchStreet Systems, Concertiv and SuperZop, among others.
- Headquarter Lohmar, Germany
- SectorsRetailTechnology
- Email••••••••
- Phone•••• ••••
- Website psg-procurement.com/en
- Social LinkedIn Facebook
- Acquired by EPSA (Feb 2020)
- Legal Name Psg Procurement Services Gmbh
Products & Services of PSG Procurement Services
PSG Procurement Services offers a comprehensive portfolio of products and services, including PSG Marketplace, PSG SpotBuy, and PSG eProcurement.
Platform for tail spend with multiple suppliers and pre-negotiated prices.
Solution for efficient handling of infrequently needed items and services.
Tools for managing suppliers and digital transaction processes.
Investors in PSG Procurement Services
PSG Procurement Services has secured backing from 1 investor. Prominent investors backing the company include EPSA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Management consulting services are provided by EPSA to various clients. | 2001 | epsa.com | Paris, France |
Investor details for PSG Procurement Services
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People of PSG Procurement Services
1 people are tracked at PSG Procurement Services (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Kofler | CEO | Leadership |
Complete people profiles for PSG Procurement Services
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Timeline of PSG Procurement Services
2 dated milestones of PSG Procurement Services across 29 years, from founding to its latest funding, stage changes and deals.
- Founded PSG Procurement Services is founded.
- Exit Acquired by EPSA.
Competitors of PSG Procurement Services
PSG Procurement Services 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 Bizongo, SmartEquip, BirchStreet Systems, Concertiv and SuperZop, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| smartequip.com | 2000 | Norwalk, United States | $34.85M | 73 | SaaS solutions are provided for industrial parts access by manufacturers. | |
| birchstreetsystems.com | 2002 | Newport Beach, United States | $2.04M | 75 | Cloud-based procure-to-pay solutions are delivered for business management. | |
| concertiv.com | 2014 | New York, United States | $6.62M | 27 | Web-enabled end-to-end procurement management solutions are provided. | |
| superzop.com | 2016 | Mumbai, India | $19.76M | 135 | Wholesale grocery procurement is enabled for retailers and small businesses. | |
| omnea.co | 2021 | London, United Kingdom | $125.09M | – | Web-enabled solutions for procurement orchestration in supply chains are offered. | |
| foodmaven.com | 2015 | Denver, United States | $45.34M | – | AI-based procurement software is provided for food supply optimization. | |
| lapasar.com | 2016 | Shah Alam, Malaysia | $2.32M | – | Procurement software suites are provided for business operations. | |
| vendorpanel.com | 2008 | Melbourne, Australia | $5.05M | – | SaaS-based source-to-contract platform is provided for governments, utilities, and corporates. | |
| tacto.ai | 2020 | Munich, Germany | $59.66M | – | Builds future-proof digital, and sustainable supply chain for industrial organizations |
Detailed competitors of PSG Procurement Services
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Web traffic of PSG Procurement Services
The website of PSG Procurement Services (psg-procurement.com) receives about 3K visits a month.
- Monthly visits3K
▲ 24% vs previous month
Similar companies to PSG Procurement Services
10 companies that operate in the same segment as PSG Procurement Services (B2B Marketplaces & Wholesale), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 37.24 M | USD 167.23 M | 6,100 | |
Multi-category products are supplied via a B2B marketplace platform. | 2015 | Singapore, Singapore | USD 470.85 M | USD 642.28 M | 1,331 | |
Multi-category products are facilitated through an online B2B cross-border marketplace. | 1999 | New York, New York, United States | – | USD 144.12 B | 124,320 | |
Online catering marketplace for enterprises | 2007 | Boston, Massachusetts, United States | USD 438.62 M | – | 856 | |
Platform for on-demand distributed manufacturing and prototyping is provided. | 2013 | Gaithersburg, Maryland, United States | USD 203.44 M | USD 686.63 M | 1,090 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 763.1 M | USD 1.43 B | 1,710 | |
SaaS-based collaborative commerce solutions are provided for brands and retailers. | 2000 | New York, New York, United States | USD 365 M | USD 240.52 M | 1,370 | |
Online application marketplace | 2009 | San Francisco, California, United States | USD 437.8 M | USD 7.59 M | 183 | |
Cross-border B2B wholesale marketplace is operated for small-scale sellers. | 2004 | Beijing, China | USD 45.52 M | – | – | |
AI platform for retail ecommerce management and optimization is provided. | 2012 | Mountain View, California, United States | USD 195.5 M | USD 11.75 M | 256 |
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Frequently Asked Questions about PSG Procurement Services
PSG Procurement Services was founded in 1991.
PSG Procurement Services is headquartered in Lohmar, Germany. It is registered at Lohmar, North Rhine-westphalia, Germany.
Michael Kofler is the current CEO of PSG Procurement Services.
PSG Procurement Services was founded in 1991 in Lohmar, Germany, and operates in the procurement sector. Solutions for operational purchasing, e-procurement, supplier and invoice consolidation, data exchange, and optimal integration are delivered through web-based cloud platforms. These services support businesses in streamlining procurement processes across various operations.
PSG Procurement Services offers PSG Marketplace, PSG SpotBuy, and PSG eProcurement.
PSG Procurement Services has 1 investor. Key investors include EPSA.
PSG Procurement Services operates through Psg Procurement Services Gmbh.
Yes. PSG Procurement Services was acquired by EPSA in February 2020.