PRINCETON, N.J. July 9th, 2013 - Zycus, a leading provider of procurement technology solutions, today announced that it has been positioned as a "Leader" by Gartner Inc. in the 2013 Magic Quadrant for Strategic Sourcing Application Suites. Gartner reviewed Zycus’ eSourcing, Supplier Information/Performance Management, Commodity Risk Management, Contract Management and Spend Analysis solutions for this research report.
"Gartner is respected globally for its research and we are honored to be recognized as a "Leader" in the Magic Quadrant for Zycus’ technology and vision." says Aatish Dedhia, CEO, Zycus, Inc. “Procurement teams globally are working hard to get procurement at the heart of business performance and we believe our comprehensive technology, global delivery expertise and responsiveness puts us in a unique position to help bring that change. We are pleased to contribute in shaping the procurement technology landscape and to be a leader in this extremely dynamic market segment."
According to the report, strategic sourcing application suite leaders demonstrate a market-defining vision of how technology and services can help procurement establish, develop and maintain cost-effective, high-performance sources of supply. They have the ability to execute against their vision with products and services and they have demonstrated results in the form of growth and customer satisfaction. Leaders successfully sell into multiple industries and multiple geographies. Leaders are often what other providers in the market measure themselves against, and they are the most likely vendors from this report to be in the strategic sourcing application suite business five years from now.
Zycus continually sets the standard in advanced procurement technology with patented solutions such as AI-based guided buying, advanced savings management, and real-time categorization of data which make the source-to-settle process faster, simpler and more efficient. These innovative solutions form the basis of our comprehensive source-to-settle suite.
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*Gartner, Magic Quadrant for Strategic Sourcing Application Suites, Deborah R Wilson / Magnus Bergfors / Richard Adams, 1 July 2013
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Manager - Public Relations & Analyst Relations, Zycus Inc.
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