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
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