Press Releases

Spend Matters recognizes SirionLabs as a ‘Provider to Watch’ in Procurement Technology

Recognized for disrupting the status quo with its integrated vendor management technology

Troy, MI, USA, 20 June 2016: SirionLabs, the premier SaaS provider of vendor management technology for buyers of outsourcing and other complex services, today announced that it has been recognized by leading procurement and supply chain analyst firm Spend Matters in its prestigious ‘50 Providers to Watch’ almanac listing for 2016.

The ‘50 Providers to Watch’ is an annual listing by Spend Matters that recognizes providers who are pushing the envelope through innovative procurement technology and services. As a leading analyst and research firm for procurement and sourcing, Spend Matters routinely reviews the latest offerings in this space. The ‘50 Providers to Watch’ list is prepared by Spend Matters analysts on the basis of thorough research and deep analysis, and reflects their unbiased, independent view of the providers.

“It’s difficult – and getting even more so – to make Spend Matters’ 50/50 lists, and we’re thrilled SirionLabs made it onto the 2016 Spend Matters 50 to Watch list,” said Jason Busch, founder and head of strategy at Spend Matters. “This list is the product of intense debate, discussion and refinement each year by our analysts. This year saw new coverage areas and increased competition among providers in existing segments. SirionLabs earned a deserved spot as one of the procurement providers worth getting to know in 2016.”

“Spend Matters is one of the most trusted thought leaders for procurement and vendor management. SirionLabs’ recognition as a ‘provider to watch’ by Spend Matters is an important development for us as a company.” said Ajay Agrawal, CEO, SirionLabs. “What makes this more significant though is that it reflects the increasing focus of procurement and business leaders worldwide on solving the issue of value leakage in outsourcing engagements.”

The complete list of ’50 Providers to Watch’ for 2016 is available here.