Scanmarket, part of Unit4 Strengths, Domain Expertise, and Key Differentiators
Founded in 1999, Scanmarket is a provider of a Strategic Sourcing platform. Its sole focus is on driving real, measurable business results via an easy to deploy, easy to use platform which includes: Spend Analysis, eSourcing (RFx & Auctions), Project Management, Contract Management, Supply Base Management, and eLearning.
The company's domain expertise in strategic sourcing, coupled with its comprehensive product portfolio, puts it on the map in the industry. Scanmarket's platform incorporates advanced AI and ML features, empowering procurement professionals to achieve measurable cost savings.
Scanmarket, part of Unit4 Recent Developments
Scanmarket has been actively enhancing its offerings to cater to the changing needs of the market. In January 2021, the company integrated artificial intelligence and analytics into its Source-to-Contract platform, introducing a new Spend Analytics module. This move showcases Scanmarket's commitment to providing cutting-edge functionality to its customers. Furthermore, in October 2019, Scanmarket released the latest version of its Supply Base Management (SBM), reinforcing its position as a provider of easy-to-use and implement strategic sourcing solutions.
Scanmarket, part of Unit4 Mergers and Acquisitions (M&A) Activities
On June 1, 2022, Unit4, a prominent provider of enterprise cloud applications catering to mid-market people-centric organizations, formally announced its commitment to acquiring Scanmarket. Through this strategic acquisition, Unit4 aims to enhance its service portfolio by offering organizations a comprehensive and integrated Source-to-Pay journey, thereby complementing its existing suite of Enterprise Resource Planning (ERP) and Procure-to-Pay (P2P) solutions.
In October 2021, the company acquired Symfact, a Switzerland-based Enterprise Contract Lifecycle Management and Third-Party Risk Management software company. This acquisition enabled Scanmarket to leverage Symfact's expertise in artificial intelligence and machine learning for the legal market.
Additionally, in January 2021, Scanmarket acquired the artificial intelligence company MIA Data to further enhance its analytics capabilities. Notably, in January 2019, Verdane Edda, a private equity firm, invested in Scanmarket to strengthen its position as a best-of-breed eSourcing solution.
Scanmarket, part of Unit4 Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Scanmarket, part of Unit4 applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Scanmarket, part of Unit4 and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Scanmarket Spend Analytics, Project Management, eRFx, eAuction, Contract Lifecycle Management, Supplier Risk & Performance Management. customers.
Scanmarket, part of Unit4 Overview
Solbjerg Hedevej 39
Solbjerg, x, 8355, Denmark
45 70 275 900
https://www.scanmarket.com/
Ownership: - x
Number of Employees: 101
Functional Markets: Procurement,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Scanmarket, part of Unit4 Key Enterprise and Cloud Applications
Scanmarket Spend Analytics, Project Management, eRFx, eAuction, Contract Lifecycle Management, Supplier Risk & Performance Management.
Scanmarket, part of Unit4 Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Scanmarket, part of Unit4 Revenue Breakdown By Type, $M:
Scanmarket, part of Unit4 Enterprise Applications Revenues By Functional Markets, $M:
Scanmarket, part of Unit4 Enterprise Applications Revenues By Verticals, $M:
Scanmarket, part of Unit4 Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Scanmarket, part of Unit4 Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Scanmarket, part of Unit4 Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Scanmarket, part of Unit4 Customers
No. of Scanmarket, part of Unit4 Customers: 500
No. of Scanmarket, part of Unit4 Enterprise Applications Customers: 500
No. of Scanmarket, part of Unit4 Cloud Customers: x
No. of Scanmarket, part of Unit4 Cloud Subscribers: x
Scanmarket boasts a diverse customer base, with over 350 customers across more than 80 countries. Its clientele includes renowned organizations such as Zep, ISS, Grundfos, Assa Abloy, Emirates Flight Catering, Danfoss, Nissan, Liberty Global, Convatec, and Takeda. This broad customer base reflects Scanmarket's ability to cater to various industries and regions.
Scanmarket, part of Unit4 Market Opportunities, M&A and Geo Expansions
Scanmarket enjoys significant market opportunities on both the horizontal and vertical levels. The integration of its platform with primary systems such as Microsoft Dynamics, Oracle, SAP, Coupa, and Sievo enables seamless integration for customers. Furthermore, the expansion into new regions and the continuous development of innovative solutions provide Scanmarket with ample opportunities for growth and market penetration.
Scanmarket, part of Unit4 Risks and Challenges
Over the past couple of years, the company has been busy changing up its product offerings, developing new solutions, and in some cases, redeveloping legacy solutions to meet the changing needs of the market.
Internal risks may involve the challenges of effectively executing its go-to-market strategy, ensuring efficient product implementation, and maintaining customer satisfaction. External risks include competition from other strategic sourcing providers, potential shifts in market dynamics, and technological advancements that may disrupt the industry.
Scanmarket, part of Unit4 Ecosystem, Partners, Resellers and SI
Scanmarket has established valuable technology integrations and ecosystem partnerships, facilitating its customers' procurement processes. The company collaborates with system integrators and value-added resellers, leveraging network effects to provide holistic solutions to its customers. Additionally, Scanmarket has formed partnerships with consulting companies and solution providers such as Advanced Business Systems, Basware, KPMG, and Spend360. These collaborations extend Scanmarket's reach and enhance its ability to serve customers effectively.
Scanmarket, part of Unit4 Cloud Infrastructure Insights
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- Scanmarket, part of Unit4 Public Cloud and Infrastructure (IaaS)
- Scanmarket, part of Unit4 Platform (PaaS)
- Scanmarket, part of Unit4 Application Delivery
- Scanmarket, part of Unit4 Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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