Periscope Holdings Cited in Gartner’s 2016 “Cool Vendors in Procurement and Sourcing Technology,” Report

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New Report by Leading Analysts Evaluates Innovative Procurement and Sourcing Vendors

U.S.-based state and local government organizations need specialized procurement and sourcing solutions as a result of tradition and law.

Periscope Holdings today announced that Gartner, Inc. cited the company in the Where are They Now section of the report titled “Cool Vendors in Procurement and Sourcing Technology, 2016”.

According to Gartner, U.S. based state and local government organizations need specialized procurement and sourcing solutions as a result of tradition and law.

Periscope Holdings ’ best-of-breed procurement software, BuySpeed is designed especially for public sector, non-profit and higher education institutions. BuySpeed is a complete procure-to-pay solution, providing support for all procurement-related processes and system requirements, including: sourcing, receiving, vendor registration and management, solicitation, quotes, accounts payable, government-to-business punch-outs, and requisitioning. BuySpeed also has the flexibility to adapt to multiple third-party systems, making it easy to fully integrate the eProcurement solution with any financial system or ERP. As a result, customers gain broader visibility into their organization’s budget spend and project management, allowing them to make data-driven procurement decisions

The Gartner report states that “modern procurement and sourcing solution adoption has progressed much more slowly” than predicted. “U.S. state and local governments still remain far behind U.S. private industry and many European governments in terms of procurement modernization.”

To find out how Periscope Holdings can help public sector, non-profit and higher education organizations transform procurement, visit or email info(at)periscopeholdings(dot)com.

Supporting Resources

Gartner reports are available at Cool Vendors in Procurement and Sourcing Technology, 2016 was released May 2016

Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services.

Gartner defines a Cool Vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Periscope Holdings, Inc. (, headquartered in Austin, Texas, is a technology company focused on transforming procurement. Periscope offers an eProcurement software suite, BuySpeed™, bid notification system BidSync, holds the exclusive license to maintain, enhance, and market the NIGP Commodity/Services Code, and manages the NIGP Consulting Program. Currently serving public sector, non-profit and higher education organizations, our solutions eradicate waste to maximize the value of every dollar spent. We streamline processes, increase efficiency, decrease expenditures, and create transparency, allowing our clients to focus on achieving their purpose.

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Britton Cronin

Britton Cronin
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