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Emptoris Receives Significant Capital Investment From Marlin Equity Partners; Infusion Will Fund Emptoris' Operational, Solution Expansion
Marlin, With Deep Roots in Enterprise Software, Becomes Primary Shareholder in Emptoris, Inc.
BURLINGTON, MA -- (Marketwire) -- 01/07/09 -- Emptoris, Inc., a leading global provider ofenterprise supply and contract management software, today announced thatMarlin Equity Partners, through its group of funds, has made a significantcapital investment in the company that will provide Emptoris with strongresources to support the company's growth strategies for both itsoperations and its award-winning solution suite.
"As a leading provider of supply and contract management software, we werein the enviable position of selecting among several attractive options totake the company to the next level of growth. After careful consideration,we have partnered with, and accepted a significant capital investment fromMarlin Equity Partners," said Avner Schneur, Chief Executive Officer ofEmptoris, Inc. "Marlin Equity Partners provides Emptoris with a strongfinancial partner and the capital resources needed to fund the company'slong-term growth plans. Marlin also has deep experience in enterprisesoftware and brings a successful track record of developing and guidingmid-sized, high-growth companies."
Marlin has consistently invested in and partnered with companies to growtheir businesses across all stages of maturity. The firm has specificexperience and investments in other supply chain, enterprise resourceplanning, and manufacturing software companies. Marlin Equity Partners,through its capital resources, provides its portfolio companies withmaximum flexibility in pursuing their objectives.
"Emptoris is a very attractive investment for Marlin Equity Partners. Thecompany has a track record of success in a fast-growing market, a healthyroster of blue-chip customers, award-winning, market-proven solutions andworld-class management and software development teams. Given ourinvestment focus and expertise in enterprise software, we are confident wewill bring the resources and experience Emptoris needs to achieve itslong-term growth objectives," said Nick Kaiser, Partner in Marlin EquityPartners.
With this investment, Emptoris is well positioned to execute its strategicplan for growth. Emptoris' primary focus will remain on providingmarket-leading supply and contract management solutions to its Global 5000customers. "This investment will enable Emptoris to accelerate theinnovation and expansion of its solution suite, and allow for continuedlong-term investment in its global and customer-oriented services, bothorganically and through strategic acquisitions," continued Schneur.
AMR Research, a leading independent research firm, in a 2008 annual report,states that it expects "the supply management market to grow at 10% CAGR[through 2012]" and projects that "sustained double-digit growth willcontinue [fueled by] the call for immediate supply management value withsimplified business processes, cost containment and reduction, and cashacceleration." Emptoris enjoyed strong organic growth of 20% in 2008, anddemand for its solutions continues to grow as Global 5000 companiesincreasingly seek solutions which help them cut costs and risks.
"One of the primary reasons we partnered with Marlin is because the firm'sleadership is completely aligned with Emptoris' management on the strategicdirection of the company. This shared vision and the deep capitalresources Marlin brings to Emptoris will be a winning formula for ourcustomers," said Schneur. "Emptoris' leadership decided now was the righttime to secure a stable and reliable source of capital."
With the investment, Marlin Equity Partners has acquired a majority equityposition in Emptoris, Inc., and becomes the primary investor in thecompany, alongside Emptoris' management and employees. Marlin executivesnoted that the strength of Emptoris' management and product developmentteams were core contributors to the company's success and a key reason forthe firm's investment; and that the company will retain the existingmanagement team, led by Avner Schneur, Chief Executive Officer and founderof the company.
Emptoris is consistently recognized by independent research firms asproviding the market's most robust and proven supply and contractmanagement software solutions. Earlier this year, Emptoris was positionedin the "Leaders Quadrant" in the Gartner research report titled, "MagicQuadrant For Sourcing Application Suites, 2008" and the company alsoreceived overall "positive" rating in the Gartner research report "VendorRating: Emptoris," as well as the highest score for "Current ProductOffering" in "The Forrester Wave: Contract Life-Cycle Management, 2008."Emptoris has an impressive roster of blue-chip customers including Boeing,ConocoPhillips, GlaxoSmithKline, Kraft, and Motorola.
About Emptoris
Emptoris is a world leader in innovative supply and contract management software solutions that empower enterprises torealize best value and accelerate profitable growth. Emptoris solutionsare used by successful Global 2000 companies in every industry. Customersinclude Boeing, ConocoPhillips, GlaxoSmithKline, Kraft, Motorola, OwensCorning and Syngenta. For further information on Emptoris visitwww.emptoris.com.
For further information, contact:Dan Cahill(917) 617-0106Email Contact
Marlin has consistently invested in and partnered with companies to growtheir businesses across all stages of maturity. The firm has specificexperience and investments in other supply chain, enterprise resourceplanning, and manufacturing software companies. Marlin Equity Partners,through its capital resources, provides its portfolio companies withmaximum flexibility in pursuing their objectives.
"Emptoris is a very attractive investment for Marlin Equity Partners. Thecompany has a track record of success in a fast-growing market, a healthyroster of blue-chip customers, award-winning, market-proven solutions andworld-class management and software development teams. Given ourinvestment focus and expertise in enterprise software, we are confident wewill bring the resources and experience Emptoris needs to achieve itslong-term growth objectives," said Nick Kaiser, Partner in Marlin EquityPartners.
With this investment, Emptoris is well positioned to execute its strategicplan for growth. Emptoris' primary focus will remain on providingmarket-leading supply and contract management solutions to its Global 5000customers. "This investment will enable Emptoris to accelerate theinnovation and expansion of its solution suite, and allow for continuedlong-term investment in its global and customer-oriented services, bothorganically and through strategic acquisitions," continued Schneur.
AMR Research, a leading independent research firm, in a 2008 annual report,states that it expects "the supply management market to grow at 10% CAGR[through 2012]" and projects that "sustained double-digit growth willcontinue [fueled by] the call for immediate supply management value withsimplified business processes, cost containment and reduction, and cashacceleration." Emptoris enjoyed strong organic growth of 20% in 2008, anddemand for its solutions continues to grow as Global 5000 companiesincreasingly seek solutions which help them cut costs and risks.
"One of the primary reasons we partnered with Marlin is because the firm'sleadership is completely aligned with Emptoris' management on the strategicdirection of the company. This shared vision and the deep capitalresources Marlin brings to Emptoris will be a winning formula for ourcustomers," said Schneur. "Emptoris' leadership decided now was the righttime to secure a stable and reliable source of capital."
With the investment, Marlin Equity Partners has acquired a majority equityposition in Emptoris, Inc., and becomes the primary investor in thecompany, alongside Emptoris' management and employees. Marlin executivesnoted that the strength of Emptoris' management and product developmentteams were core contributors to the company's success and a key reason forthe firm's investment; and that the company will retain the existingmanagement team, led by Avner Schneur, Chief Executive Officer and founderof the company.
Emptoris is consistently recognized by independent research firms asproviding the market's most robust and proven supply and contractmanagement software solutions. Earlier this year, Emptoris was positionedin the "Leaders Quadrant" in the Gartner research report titled, "MagicQuadrant For Sourcing Application Suites, 2008" and the company alsoreceived overall "positive" rating in the Gartner research report "VendorRating: Emptoris," as well as the highest score for "Current ProductOffering" in "The Forrester Wave: Contract Life-Cycle Management, 2008."Emptoris has an impressive roster of blue-chip customers including Boeing,ConocoPhillips, GlaxoSmithKline, Kraft, and Motorola.
About Emptoris
Emptoris is a world leader in innovative supply and contract management software solutions that empower enterprises torealize best value and accelerate profitable growth. Emptoris solutionsare used by successful Global 2000 companies in every industry. Customersinclude Boeing, ConocoPhillips, GlaxoSmithKline, Kraft, Motorola, OwensCorning and Syngenta. For further information on Emptoris visitwww.emptoris.com.
For further information, contact:Dan Cahill(917) 617-0106Email Contact
For more information, go to www.marketwire.com
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