About SourceSuite
SourceSuite is a company based in Albany (United States) founded in 1999 was acquired by Mediagrif in July 2004.. SourceSuite offers products and services including Source-to-Contract, eProcurement, Marketplace Program, and 360° Procurement. SourceSuite operates in a competitive market with competitors including Sage Group, Coupa, Airbase, Bizongo and Procurify, among others.
- Headquarter Albany, United States
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Sectors
Government & Social SectorTechnology
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Phone
*********
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Website
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Social
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- Legal Name Mdf Commerce
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Mediagrif
(Jul 29, 2004)
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Products & Services of SourceSuite
SourceSuite offers a comprehensive portfolio of products and services, including Source-to-Contract, eProcurement, Marketplace Program, and 360° Procurement. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Streamlines contract management and improves vendor performance.
Provides end-to-end procurement from sourcing to payment.
Increases visibility for public sector purchasing teams.
Connects teams with suppliers for better relationships.
Funding Insights of SourceSuite
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SourceSuite
SourceSuite has secured backing from 1 investor. Prominent investors backing the company include mdf commerce. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Innovative eCommerce and eProcurement solutions are provided by mdf commerce.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SourceSuite
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SourceSuite
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sourcesuite Comparisons
Competitors of SourceSuite
SourceSuite 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 Sage Group, Coupa, Airbase, Bizongo and Procurify, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| domain | founded_year | HQ Location |
SaaS spend management software is used to automate procure-to-pay operations.
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| domain | founded_year | HQ Location |
Procurement management solutions are delivered for business operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about SourceSuite
When was SourceSuite founded?
SourceSuite was founded in 1999.
Where is SourceSuite located?
SourceSuite is headquartered in Albany, United States.
Who is the current CEO of SourceSuite?
Mark Eigenbauer is the current CEO of SourceSuite.
What does SourceSuite do?
SourceSuite is a web-based procurement solution developed by BidNet. It helps government agencies and purchasing groups in bid and vendor management. Solutions for solicitation management, supplier and bid management, bid and award management, reports and auditing. Claims to be serving 900 local government buying agencies. The County of Albany, City of Ann Arbor, and Denver are some of the customers. BidNet got acquired by Mediagrif Interactive Technologies in July 2004.
Who are the top competitors of SourceSuite?
SourceSuite's top competitors include Coupa, Sage Group and Airbase.
What products or services does SourceSuite offer?
SourceSuite offers Source-to-Contract, eProcurement, Marketplace Program, and 360° Procurement.
Who are SourceSuite's investors?
SourceSuite has 1 investor. Key investors include mdf commerce.