Award recognizes 100 private companies in North America that drive the
technology industry's future
BELMONT, Calif. and BURLINGTON, Mass., May 11 /PRNewswire/ -- Emptoris,
the leading provider of Enterprise Supply Management solutions for Global 5000
companies, today announced that it has been named one of the Red Herring 100
Private Companies of North America.
"Five years after the dot-com bubble burst, innovation and
entrepreneurship are thriving. The companies on this list are proof," said Red
Herring editor-in-chief Joel Dreyfuss.
Red Herring's lists of private companies are an important part of the
magazine's tradition of identifying new and innovative technology companies
and entrepreneurs. Companies like Google and eBay were spotted in their early
days by Red Herring editors as those that would change the way we live and
work.
Red Herring's editorial staff rigorously evaluated more than 900 private
companies through a careful analysis of financial data and subjective
criteria, including quality of management, execution of strategy, and
dedication to research and development.
"We are honored to receive such a prestigious award from Red Herring,"
said Avner Schneur, CEO of Emptoris. "Being selected as one of the top 100
private companies in North America is further validation of Emptoris' strong
growth. Last year alone, Emptoris increased revenues by 138% and new sales
booking by 75% over 2003. The Red Herring 100 underscores the growing list of
accolades that Emptoris continues to receive from the industry based on our
continued success."
The Red Herring 100 recognition follows a succession of honors that
Emptoris has received in the last year, strongly positioning the company as a
leader is the enterprise supply management industry, including:
-- Positioned by Gartner Inc. as a visionary in the Strategic Sourcing
Applications market, confirming the company's strong position in the
industry.
-- Received Supply and Demand Chain Executive magazine's "2005 Pros to
Know" awards for several executives and customers, including:
-- Emptoris vice president of supplier performance intelligence, Sherry
Gordon, and Sean Devine, director of client services, in the
Providers Pro to Know category.
-- GlaxoSmithKline director of eSourcing and Technology Work Cell, Tim
Davies, in the Practitioner Pro to Know category.
-- Aided customers in winning top industry accolades, including:
-- Motorola, which received the 2004 INFORMS Franz Edelman Award;
-- H.J. Heinz and GlaxoSmithKline, which were honored with the
Chartered Institute of Purchasing and Supply (CIPS) Supply
Management Awards;
-- Owens Corning and Motorola, which were recognized by Aberdeen
Group as best practice leaders in spend analysis and e-sourcing.
-- Recognized as one of the 2004 Supply & Demand Chain Executive 100.
"We congratulate Emptoris for receiving such prestigious recognition with
the Red Herring 100," said Mark Siegel, managing director, Menlo Ventures. "We
are proud to be partnering with such a quality organization. This award is a
testament to Emptoris' continued growth and highlights what is already a
leading solution in the strategic sourcing market."
Emptoris is achieving success in the market because its offering goes
beyond spend management. Its solution is not only focused on controlling
costs but also on finding new ways to create value and improve the performance
of suppliers. With Emptoris 5, enterprises can quickly identify and
prioritize procurement savings opportunities, negotiate cost savings and value
creation opportunities with vendors, and track contract compliance and
supplier performance improvement initiatives.
Red Herring 100 companies will be presenting their business model and
strategy at the Red Herring Spring conference. Red Herring Spring will take
place May 17-19 at the Monterey Plaza Hotel in Monterey, California.
About Red Herring Spring
Red Herring Spring is an invitation-only event for CEOs, select senior
executives, and Venture Capitalists. Themed 'The Dynamics of Disruptions',
Red Herring Spring 2005 will bring together executives from mostly private
companies. These executives will be joined by senior executives from public
companies and Venture Capitalists. Please contact Sean Raman at 650.428.2900
or email sraman@redherring.com if you would like to request an invitation to
Red Herring Spring.
About Red Herring
Red Herring is the weekly magazine technology entrepreneurs, investors and
industry observers read to stay ahead of the curve and to be better informed
about the global marketplace. Red Herring covers technology, innovation,
financial strategies, important personalities and trends that are transforming
the world of business with unique insight, opinion and forward-looking
analysis. Readers turn to Red Herring for knowledge to make strategic
decisions, build companies and create a competitive advantage for their
businesses. Red Herring articles, blogs, research and event information can be
found online at http://www.redherring.com.
About Emptoris
Emptoris is a leading provider of powerful enterprise supply management
solutions for Global 5000 companies. By implementing Emptoris 5(TM), a suite
of Web-based solutions, enterprises can quickly identify and prioritize
procurement savings opportunities, negotiate significant cost savings with
vendors, and track contract compliance and supplier performance. Emptoris
customers include American Express, Bank of America, Boeing, Dow Corning,
GlaxoSmithKline, Motorola, Toro, Owens Corning and Samsung America. Emptoris,
a privately held company, is headquartered in Burlington, Massachusetts. For
additional information, please visit http://www.emptoris.com.
Contacts:
Paul Green Stephanie Lee
Emptoris Lois Paul & Partners
(781) 993-9212 ext. 117 (781) 782-5710
pgreen@emptoris.com stephanie_lee@lpp.com
SOURCE Emptoris
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Related links:
http://www.emptoris.com
CONTACT:
Paul Green of Emptoris, +1-781-993-9212 ext.
117, pgreen@emptoris.com; or Stephanie Lee of Lois Paul &
Partners, +1-781-782-5710, stephanie_lee@lpp.com
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