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UNIT4 BUYS SCANMARKET Featured

 

Unit4 has acquired Scanmarket, which makes procurement software. Terms were not disclosed.

Unit4 says with the acquisition of Scanmarket, it “will now be able to provide organizations with a unified Source-to-Pay journey, building on its existing ERP and Procure-to-Pay (P2P) offerings.” It additionally describes Scanmarket's purchase as adding functionality beyond transaction procurement, including “sourcing, spend analytics, supplier management and contract lifecycle management”. Based in Denmark, Scanmarket was founded in 1989.

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