Verian Celebrates Banner Year - Will be One to Watch in 2012

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Verian, leading provider of purchasing and invoice processing software, experienced unprecedented success in 2011. Highlights included the opening of a new headquarters, several product releases, a rapidly-expanding portfolio of new clients and a steady stream of glowing reviews from analysts like Gartner and Spend Matters.

“For Verian, it’s always been about the success of our customers and we are truly excited to help so many new clients gain spend control and visibility,” said Tehseen Ali Dahya, President and CEO of Verian. “We expect 2012 to be even more successful."

For Verian, a leading provider of purchasing and invoice processing software, 2011 was an especially successful year. With new state-of-the-art headquarters, several product releases, a rapidly-expanding portfolio of new clients, and a steady stream of glowing reviews from marquis analysts, it was an exceptionally successful year for Verian. Below is a month-by-month overview of significant news, client updates and important milestones.

January – Verian breaks ground on a 25,000 square-foot headquarters just outside of Charlotte, North Carolina. During the first month of the year, Verian picks up a handful of new clients, including Norse Energy, an E&P company based in Upstate New York.

February – Verian signs Brown Brothers Harriman, one of the largest privately-held financial institutions in the US. Verian also welcomes Evergreen Films into the fold, a motion picture and television studio. Their work has been seen on the Discovery Channel and in movies like 300, Journey to the Center of the Earth and Fantastic Four.

March – In March, Jason Busch of Spend Matters conducts a thorough analysis of Verian’s suite of products and adds the provider to his shortlist of P2P vendors he recommends. In the same month, Verian signs Beusa Energy, an E&P company based in Texas. Verian also signs Jacobs Technology, an engineering and technical services firm that serves clients including the Department of Defense, NASA, Boeing and Rolls-Royce.

April – Verian partners with Cortex Business Solutions, a leading supplier network in the E&P industry, to offer paperless invoicing. Verian also welcomes three new clients into its portfolio, including People’s United Bank. During the same month, Allstate Canada completes a Verian system upgrade and Members 1st Credit Union goes live with Verian solutions.

May – More E&P companies come onboard in May, including Linc Energy, a global energy company based in Australia. Verian is also named one of the top 100 technology providers by Supply and Demand Chain Executive magazine for the eighth time. Go-lives for the month of May include Privatin, a procurement consulting firm and GMX Resources, based in Oklahoma.

June – Verian releases version 10.5 of its purchasing and invoice processing software. The release includes several key enhancements developed exclusively for Verian’s growing list of E&P clients. The Verian client portfolio grows with the signing of Piedmont Natural Gas, a natural gas provider serving more than one million residents in the Southeast US.

July – Verian signs another large financial institution as RBC Financial Caribbean inks a deal with the company.

August – Filling out the credit union side of its financial services portfolio, Verian signs Chevron Federal Credit Union as a client in August. Three more clients sign with Verian during the month.

September – Calculations show that Verian’s cloud-based offering is now completing over one million customer transactions per month. During the same month, Verian signs St. Jude Medical and launches a new website. Harbin Clinic, a healthcare provider in Georgia, completes an upgrade of Verian solutions.

October – In October, Verian signs another handful of clients, including a major cable and wire provider in North America. The Corporate Executive Board, a global research and consulting firm, goes live with Verian solutions in its US locations.

November – Verian announces is has been ranked as a top 5 vendor in four categories of Gartner’s “E-Procurement Market and Vendor Landscape” report. The company also releases version 10.6 of its suite of purchasing and invoice processing solutions, making it even faster and easier for cloud customers to start getting returns from their investment. Verian also signs on more new clients, including DeJour Energy.

December – In December, Verian is named one of Charlotte’s 50 fastest-growing companies by the Charlotte Business Journal. Kennedy Krieger Institute, an international leader in research and treatment of pediatric disabilities, completes an upgrade while the Corporate Executive Board’s Canadian locations roll-out Verian solutions.

“For Verian, it’s always been about the success of our customers and we are truly excited to help so many new clients gain spend control and visibility,” said Tehseen Ali Dahya, President and CEO of Verian. “We expect 2012 to be even more successful, making Verian one P2P provider to watch in 2012.”

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Adam Slick
Verian
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