Porter Montgomery, CEO of Category One explained, “we were incredibly impressed with the flexibility of the innovative MM4 platform coupled with their unparalleled experience in eSourcing”
Chicago, Illinois (PRWEB) August 24, 2012
From August 2012, Category One’s clients will have the choice of continuing to use the existing legacy software for eSourcing activities such as eRFP’s and eAuctions or upgrading to the MarketMaker4 platform which combines its innovative eSourcing tools with an information platform that provides Business Intelligence capabilities, relevant Market Insights, and its unique MarketMaking™ support service.
Category One enjoys a dominant position in the North American Convenience Store segment as the leading provider of specialist procurement services including collaborative procurement contracts; framework agreements and eSourcing services. Its decision to sell its eSourcing practice to MarketMaker4 forms part of a wider strategy to focus more on providing framework agreements which is gathering significant interest amongst top convenience store and other retail channels.
Porter Montgomery, CEO of Category One explained, “Brett Melvin and I acquired Category One several years back when we were looking for a procurement services business that we could bring to our networks in both the retail and government sectors. As we scanned the landscape to identify partners to help enhance and grow our current offering, we were incredibly impressed with the flexibility of the innovative MM4 platform coupled with their unparalleled experience in eSourcing. Selling the sourcing business was a very delicate decision because we still work with these same clients hence it was critical for us to find a partner that we felt would be able to manage our clients’ needs and also offer them an exciting roadmap for their future sourcing technology requirements.”
Category One Chairman Brett Melvin elaborated on the importance of the partnership saying that “We’ve cultivated more than a quarter century of experience and relationships in the convenience and retail sector, so we look forward to sharing our knowledge and experience with MM4 to grow the offering in this sector while bringing the savings and efficiencies of eSourcing to a broader audience.”
MarketMaker4 Chairman, Chirag Shah commented on the acquisition, “Buy and build is a very important part of our growth strategy and we have worked hard to ensure our first acquisition has plenty of synergy potential”.
CEO, Dave Bowen explained “I was originally introduced to Category One by a mutual client following which we have been working together in a number in client situations over the last few months to validate the strategy. We are delighted with the responses we get when Category One clients are introduced to our integrated platform approach; and the clients are delighted with the results they get in terms of higher yields, greater self-sufficiency and more frequent use of eSourcing techniques.”
About Category One
Category One provides full service e-procurement solutions that drive prices lower, reduce procurement time and increase profit margins using a world class technology platform. The procurement solutions available through Category One significantly enhance the performance of supply chain professionals by improving processes, reducing product costs and facilitating objective decision-making. The Category One team maintains a wide range of procurement experience, convenience store/petroleum industry knowledge, and government procurement and business consulting expertise.
MarketMaker4 is an international company with offices in the United States and the United Kingdom. MarketMaker4 combines the 4 vital components that maximize the potential of sourcing activities: 1) a state of the art eSourcing suite; 2) supply market intelligence; 3) business intelligence tools and 4) its unique MarketMaking™ support service.
The MarketMaker4 leadership team are pioneers of the eSourcing industry.
Jeanne de Andrade, Pixels 2 Picas, jeanne(at)pixels2picas.com