About SOVRA
SOVRA is a company based in Latham (United States) founded in 1996. It operates as a B2B, and SaaS. SOVRA has completed 1 acquisition, including Ontopical. SOVRA offers products and services including Source-to-Contract, eProcurement, Marketplace, and 360° Procurement. SOVRA operates in a competitive market with competitors including VendorPanel, Periscope Holdings, Stotles, FedBid and Epylon, among others.
- Headquarter Latham, United States
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Technology
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- Investments & Acquisitions
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Products & Services of SOVRA
SOVRA offers a comprehensive portfolio of products and services, including Source-to-Contract, eProcurement, Marketplace, 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.
Automates sourcing and contract processes for efficiency.
Manages procurement lifecycle from sourcing to execution.
Optimizes spend and supplier engagement for agencies.
Expands supplier networks and ensures compliance.
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Funding Insights of SOVRA
| 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 |
Investments & Acquisitions by SOVRA
SOVRA has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ontopical. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of AI enabled monitoring service for government
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SOVRA
| 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 |
Sovra Comparisons
Competitors of SOVRA
SOVRA 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 VendorPanel, Periscope Holdings, Stotles, FedBid and Epylon, 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 |
SaaS-based source-to-contract platform is provided for governments, utilities, and corporates.
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| domain | founded_year | HQ Location |
Web-based e-Procurement solutions are provided for government and businesses.
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Procurement management is enabled via a cloud-based platform.
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| domain | founded_year | HQ Location |
Reverse auctions are conducted for government and business procurement.
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| domain | founded_year | HQ Location |
eProcurement software is supplied to government agencies and educational institutions.
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| domain | founded_year | HQ Location |
Procurement management and bid notification solutions
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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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| domain | founded_year | HQ Location |
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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Latest news on Sovra
Frequently Asked Questions about SOVRA
When was SOVRA founded?
SOVRA was founded in 1996.
Where is SOVRA located?
SOVRA is headquartered in Latham, United States. It is registered at Latham, New York, United States.
What does SOVRA do?
SOVRA delivers configurable software solutions for government agencies to automate sourcing, contracts, and supplier management. It reduces administrative tasks, ensures regulatory compliance, and enhances competition through platforms like eProcurement and Marketplace. Operating from offices in Canada and the USA, SOVRA serves clients such as cities, states, and universities, improving procurement outcomes and cost savings.
Who are the top competitors of SOVRA?
SOVRA's top competitors include VendorPanel, Periscope Holdings and Stotles.
What products or services does SOVRA offer?
SOVRA offers Source-to-Contract, eProcurement, Marketplace, and 360° Procurement.
How many acquisitions has SOVRA made?
SOVRA has made 1 acquisition, including Ontopical.