Emptoris "Procures" Zeborg's Spend Management Expertise
Part Three: Challenges and User Recommendations
P.J. Jakovljevic - November 20, 2003

Challenges

Emptoris, Inc., a privately-held provider of e-sourcing solutions that support the strategic sourcing needs of global 5000 companies, early in 2003 announced the completion of financing from new and existing investors totaling $20.5 million. Menlo Ventures led the third funding round, with participation from new investor HarbourVest Partners and all existing investors, including NETinvest, from previous two funding rounds. Emptoris then pledged to use the funds to finance further expansion of the company in a number of areas, including sales, marketing, product development and penetration into new global markets...