Armonk, N.Y. -- IBM said Wednesday it has completed its acquisition of Emptoris Inc., expanding IBM’s cloud-based analytics offerings that provide supply chain intelligence, or smarter commerce.
“Developing the right procurement strategy and an adaptive supply chain are keys to achieving the business objectives of smarter commerce,” said Craig Hayman, general manager, IBM Industry Solutions. “Together, Emptoris and IBM's integrated solutions will transform how clients manage compliance and mitigate supply risk.”
With this acquisition, IBM builds on its capabilities in the procurement aspect of smarter commerce and extends it to a new line of c-suite executives – chief procurement officers.
With the closing of this acquisition, approximately 725 Emptoris employees will join IBM’s software group.