Tuesday, June 18, 2019
Technology News
Technology News Delivered Daily
Home / Business  / Ivalua Acquires Directworks to Further Strengthen Direct Materials Management Capabilities

Ivalua Acquires Directworks to Further Strengthen Direct Materials Management Capabilities

Ivalua Acquires Directworks to Further Strengthen Direct Materials Management Capabilities
Credit: ivalua.com

Ivalua, a global leader in Cloud Spend Management, announced that it has amassed Directworks to better enable customers to manage direct materials and serve the needs of the manufacturing industry.

Directworks allows highly engineered product manufacturers to work collaboratively across teams and with suppliers to develop, launch, and deliver more profitable products. Leading manufacturers use the company’s cloud-based platform to more effectively engage stakeholders and suppliers and achieve greater product success.

“Our acquisition of Directworks reflects our continued commitment to ensuring the Ivalua platform provides deep capabilities to manage all company spend categories and processes,” said David Khuat-Duy, corporate chief executive of Ivalua. “By incorporating Directworks’ extensive knowledge and capabilities into our platform, we will better enable management of direct materials and advance the innovations we have already made in managing Bill of Materials and enabling deep collaboration with suppliers and internal stakeholders. We are thrilled to welcome the talented and knowledgeable Directworks team into the Ivalua family.”

“Directworks has helped manufacturers turn their suppliers into a competitive advantage,” said Michele Myers, president of Directworks. “Directworks’ customers will now be able to do so and manage the entire Source-Pay process with a single, analyst-recognized leading platform.”