EC Sourcing Group Acquires BidMode

October 13, 2020

EC Sourcing Group, a Morristown, New Jersey–based provider of SaaS procurement solutions, has acquired BidMode, a sourcing optimization and analytics specialist. As part of the deal BidMode CTO Ian Diakov joined EC Sourcing as an equity owner and Chief Technology Officer, and BidMode’s technology has been integrated to expand EC Sourcing’s machine learning, award optimization, and analytics capabilities; financial terms were not disclosed.

Buyers
EC Sourcing Group
Targets
BidMode
Industry
Cloud & SaaS
Location
Indiana, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.