Jaggaer Explained

JAGGAER
Industry:Internet Software & Services
Predecessors:-->
Successors:-->
Founded:1995 in Durham, North Carolina United States
Founders:-->
Hq Location City:Durham, North Carolina
Hq Location Country:United States
Area Served:Global
Locations:Chicago, IL, US; Pittsburgh, PA, US; Newtown Square, PA, US; Milan, Italy; Paris, France; Munich, Germany; London, UK; Madrid, Spain; Dubai, UAE, Belgrade, Serbia Serbia
Key People:Andy Hovancik, CEO; Jeff Laborde, CFO
Products:Source-to-Pay and Spend Management Software
Owners:-->

JAGGAER, formerly SciQuest, is a provider of cloud-based business automation technology for Business Spend Management. Its headquarters is in Durham, North Carolina and it has offices around the world.[1]

Company history

SciQuest was established in 1995 as a B2B eCommerce exchange.The company went public with an IPO in 1999.[2] In 2001, SciQuest transitioned from a B2B exchange company into eProcurement software and supplier enablement platforms. SciQuest was taken private in 2004 and continued to move into eProcurement, inventory management and accounts payable automation. SciQuest completed an IPO in September 2010 raising approximately $57 million.[3] [4] [5] SciQuest, and its 510 person workforce, was taken private in June 2016 as part of a $509 million acquisition by Accel-KKR, a private equity firm headquartered in Menlo Park, CA.[6] [7]

In 2017 SciQuest was rebranded as JAGGAER and announced increased focus on offering a complete, integrated source-to-pay suite.[8] [9] Along with the name change, the company expanded its market focus to manufacturing, healthcare, consumer packaged goods, retail, education, life sciences, logistics and the public sector.[10]

JAGGAER acquired the European direct materials procurement specialist Pool4Tool in June 2017 giving it end-to-end direct as well as indirect materials procurement coverage.[11]

JAGGAER acquired spend management company BravoSolution in 2017,[12] and entered into a joint venture with United Arab Emirates-based Tejari. Gartner, Inc. named JAGGAER (Advantage) highest for Ability to Execute in its 2018 “Magic Quadrant for Strategic Sourcing Application Suites.”[13] JAGGAER was named as a Leader in Gartner, Inc's 2018 “Magic Quadrant for Procure-to-Pay Suites” in early 2018 and again in 2019.[14] [15]

In February 2019 JAGGAER launched JAGGAER ONE, which unifies its full product suite on a single platform.[16]

In 2019 the UK-based private equity firm Cinven acquired a majority holding in the company.[17] Jim Bureau was subsequently named JAGGAER's Chief Executive Officer. Bureau joined JAGGAER in 2018 and had been responsible for the company's sales and commercial operations.[18] Bureau left the firm in March 2023, and Andy Hovancik was announced as the company's CEO in June.[19]

Product Categories

The JAGGAER ONE platform supports the following products:

Acquisitions

SciQuest acquired the following companies:[20]

JAGGAER acquired the following companies:

Notes and References

  1. Web site: JAGGAER Contact page. 2 August 2024.
  2. ftp://ftp.software.ibm.com/software/solutions/pdfs/g325-6614-01.pdf
  3. Web site: Exploring e-Procurement Market Trends: No Winner Here. 13 January 2014 . 11 February 2014.
  4. News: SciQuest Shares Surge After $57 Million Software IPO - Bloomberg. Bloomberg . 24 September 2010 . bloomberg.com. 2014-02-11.
  5. News: SciQuest Gains 29% in IPO Debut. Wall Street Journal . 24 September 2010 . 11 February 2014 . Cowan . Lynn .
  6. . July 2016 . SciQuest . Business North Carolina . 36 . 7 . 29 . 0279-4276 . 1 July 2023 . Gale General OneFile (Wikipedia Library).
  7. News: Bracken . David . June 1, 2016 . Private equity firm buying SciQuest . A10 . . Business . July 1, 2023 .
  8. Web site: SciQuest Rebrands as JAGGAER. 20 February 2017.
  9. Web site: SciQuest changes name to JAGGAER. 20 February 2017.
  10. Web site: JAGGAER About Us. 20 February 2017.
  11. Web site: Jaggaer and Pool4Tool to Merge: The Start of a Trend in Direct Materials Solutions. 5 June 2017 . 28 October 2019.
  12. Web site: JAGGAER Officially World's Largest Independent Spend Management Solutions Company With Completion Of The Acquisition Of BravoSolution. 28 December 2017 . 3 April 2018.
  13. JAGGAER Places Highest for Ability to Execute in the Leader's Quadrant in the 2018 Magic Quadrant for Strategic Sourcing Application Suites. 6 August 2018 . 10 September 2018.
  14. JAGGAER Named a Leader in Gartner's Magic Quadrant for Procure-to-Pay Suites. June 2018 . 10 September 2018.
  15. Web site: Gartner Procure-to-Pay Suites Market. 25 October 2018.
  16. Web site: JAGGAER Introduces the JAGGAER ONE Unified Platform to Address Spend Management. 25 October 2019.
  17. Web site: Cinven Gets Software Firm Jaggaer Stake in $1.5 Billion Deal. . 25 October 2019.
  18. Web site: JAGGAER names new CEO, creates COO position. 16 October 2019 . 25 October 2019.
  19. Web site: JAGGAER Announces New Chief Executive Officer, Andy Hovancik . JAGGAER . 6 June 2023 . 7 June 2023.
  20. Web site: SciQuest Looks Ahead: Product Planning and Acquisition Integration (Part 1). 19 April 2013 . 11 February 2014.
  21. Web site: SciQuest Acquires AECSoft -- P2P and Supplier Management Consolidation Accelerates « Spend Matters. 21 December 2010 . spendmatters.com. 2014-02-11.
  22. Web site: SciQuest Acquires Assets of Upside Software |. paystreamadvisors.com. 2014-02-11.
  23. Web site: SciQuest Acquires Assets of Spend Radar (and Rounds Out Its Spend Management Suite). technologyevaluation.com. 2014-02-11.
  24. Web site: Supply Chain News: More Consolidation in the Procurement Software Space, as SciQuest to Acquire CombineNet. scdigest.com. 2014-02-11.
  25. Web site: JAGGAER And POOL4TOOL Merge To Offer Only Global Indirect And Direct Spend Solutions Suites. 5 June 2017 . 10 September 2018.
  26. Web site: JAGGAER Acquires BravoSolution Creating a Powerhouse in Spend Management . 10 September 2018 . dead . https://web.archive.org/web/20180910203915/https://www.jaggaer.com/jaggaer-acquires-bravosolution/ . 10 September 2018 .

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