B2B e-commerce company Internet Capital Group said
it is spending $20 million in cash for an undisclosed stake in Emptoris Inc., with an option to purchase
additional shares.
Emptoris is a provider of B2B e-commerce strategic sourcing and RFQ
solutions. The company’s ePASS product employs optimization technology and
customizable work flow and interfaces to enhance decision-making capabilities
on sourcing for client companies in a range of industries and vertical
markets.
“Emptoris’ sophisticated strategic sourcing and request for quote
solutions can create significant value for our market makers by enabling
core strategic buying activities to be transacted in their net markets while
significantly improving the efficiency of e-procurement processes for the end
users,” said Rick Bunker, managing director and chief technology officer for
ICG, who will be joining the Emptoris board.
Since its inception in 1996, Internet Capital Group has acquired and built
two types of companies: market markers, which bring buyers and sellers
together by creating Internet-based marketplaces; and enabling service
providers and infrastructure companies, which sell software and services to
businesses engaged in e-commerce.
As an ICG partner company, Emptoris will gain access to strategic expertise
and operational support as well as best practices across ICG’s collaborative
network of B2B e-commerce partner companies.
