Dubai, UAE – JAGGAER, the world’s largest independent spend management company, today announced a record breaking quarter in terms of global revenue, new customer orders, and bookings growth. JAGGAER ended CQ1 2018 with bookings that were up over 37% compared to the fourth quarter of last year.
JAGGAER added 40 new customers in the US, APAC and EMEA including their joint venture in the Middle East Tejari, representing manufacturing, retail, education, materials handling, distribution, life sciences, consumer packaged goods, public sector, electronics and business services. This reflects JAGGAER’s focus on providing specific solutions to vertical industries. JAGGAER now serves nearly 1900 customers globally.
Many of these companies took advantage of JAGGAER’s Source to Pay solution encompassing JAGGAER’s Advantage, Indirect and Direct spend management solutions.
“The results of our first quarter are a solid validation of our business strategy, the strength of our solutions and the market demand for spend management tailored for specific industries. It’s by listening to customers that we are able to deliver what the market needs. Our aggressive technology roadmap will continue to enhance our Source to Pay solutions,” says Robert Bonavito, CEO, JAGGAER.
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About JAGGAER: Global Indirect and Direct Spend Management Solutions
JAGGAER is the world’s largest independent spend management company, with nearly 1,900 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS based indirect and direct eProcurement solutions with advanced spend analytics, complex sourcing, supplier management, contract lifecycle management, savings tracking, and intelligent workflow capabilities. We have pioneered spend solutions for over two decades and continue to lead the innovation curve by listening to customers and analyzing the market. Our solutions suites are trusted by the world’s largest education, manufacturing, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com
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About Tejari
Tejari operates as an integral part of JAGGAER company with an exclusive focus on the Middle East and North Africa. Its growing team composed of more than 75 professionals across Dubai and Abu Dhabi provide effective support to a rising portfolio of local clients as well as multi-national organizations operating in the region.
With its market leading global strategic procurement platform, 15+ years of practitioner experience, directly serving over 70 countries, Tejari as part of the JAGGAER group, helps more than 650 companies and 150,000 purchasing professionals worldwide unlock the power of procurement to drive financial performance, build procurement organizational excellence, manage risk, and influence innovation. Tejari’s approach to strategic procurement consistently delivers business outcomes to enable customers to outperform.
For more information about Tejari, please visit the website: www.tejari.com, or follow us through 'Twitter' @Tejari_UAE, in addition to our account in 'LinkedIn'.
Media contacts:
Sana Kamal
Four Communications
© Press Release 2018
