PRGX Global Inc. Strengths, Domain Expertise, and Key Differentiators
PRGX Global is a provider of Source to Pay (S2P) services to many of the world’s largest and complex companies. The Company leverages a nearly 50-year history, award-winning technology, 20+ year client relationships, and deep analytics experience to provide solutions that help clients in multiple ways including to recover lost profits, buy smarter, and manage risk. PRGX analyzes over $2 trillion of its clients’ spend data and generates over $1 billion in EBITDA and working capital annually for its clients. Through its emerging business lines in source-to-pay analytics, advisory services and supplier information management (“SIM”), PRGX is dramatically expanding the value it brings to clients while driving new SaaS-based and sustainable revenue for the company.
PRGX Global Inc. Recent Developments
In November 2017, PRGX Global revealed Lavante SIM 7.0, a major expansion of PRGX’s Lavante Supplier Information Management (SIM) solution suite. This release, developed with direct input from several major PRGX clients, will be available in early December and enable clients to quickly enhance, automate and simplify their supplier deduction management process, as well as the ability to receive and resolve many other inbound supplier claims, disputes and inquiries.
In February 2017, PRGX Global launched its PRGX OPTIX suite of analytics tools globally. The PRGX OPTIX suite facilitates Source-To-Pay (S2P) business decisions through actionable, data-enabled insights that are delivered through four primary modules – Product, Payment, Spend and Supplier. Each of these modules is powered by the core PRGX OPTIX platform that provides the ability to process and visualize S2P data delivered via a SaaS interface.
PRGX Global Inc. Mergers and Acquisitions (M&A) Activities
In March 2021 Ardian, private investment house, acquired PRGX Global Inc. Upon acquiring, PRGX will operate as a privately held company.
In February 2017, PRGX Global acquired Cost & Compliance Associates (C&CA), a commercial Recovery Audit and Contract Compliance firm with operations in the US and the UK.
In November 2016, PRGX Global acquired Lavante, a SaaS-based procure-to-pay (P2P) supplier information management (SIM) and recovery audit services firm based in San Jose, CA.
PRGX Global Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PRGX Global Inc. 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 PRGX Global Inc. 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 PRGX Recovery Audit, customers.
PRGX Global Inc. Overview
Ownership: - Ardian
Number of Employees: 1600
Key Verticals: Banking and Financial Services, Communication, Consumer Packaged Goods, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Oil and Gas, Chemicals, Retail, Utilities,
PRGX Global Inc. Key Enterprise and Cloud Applications
PRGX Recovery Audit,
PRGX Global Inc. Revenues, $M:
|Type/Year||2020||2021||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.
PRGX Global Inc. Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
PRGX Global Inc. Enterprise Applications Revenues By Functional Markets, $M:
PRGX Global Inc. Enterprise Applications Revenues By Verticals, $M:
PRGX Global Inc. Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
PRGX Global Inc. Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
PRGX Global Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of PRGX Global Inc. Customers: 1000
No. of PRGX Global Inc. Enterprise Applications Customers: 1000
No. of PRGX Global Inc. Cloud Customers: x
No. of PRGX Global Inc. Cloud Subscribers: x
With over 1,600 employees, PRGX Global serves clients in more than 30 countries and provides its services to 75% of the top 20 global retailers and over 25% of the top 50 companies in the Fortune 500.
PRGX Global Inc. Market Opportunities, M&A and Geo Expansions
PRGX Optix is a powerful suite of analytics tools that provides actionable, data-enabled insights to facilitate Source-to-Pay business decisions. With real-time insights that support finance, procurement, supply chain, category and merchandising business practices, clients can make sense of the vast amounts of data and create true value.
PRGX Global Inc. Risks and Challenges
In March 2021, Michael Lustig has been named PRGX’s new Chief Executive Officer. Mr. Lustig, who serves as an advisor to Ardian, has over 15 years of experience in the source-to-pay industry, including having served as CEO of Apex Analytix, and during a prior tenure, as President and Chief Operating Officer of PRGX. He succeeds Ron Stewart, who will rejoin PRGX’s board of directors.
Their acquisitions, investments, partnerships and strategic alliances may require significant resources and/or result in significant unanticipated losses, costs or liabilities.
In 2019 PRGX Global changed its leadership team.
PRGX Global Inc. Ecosystem, Partners, Resellers and SI
PRGX Global Inc. mostly does direct sales. Acquisitions have contributed and are expected to continue to contribute to their revenue.
PRGX Global Inc. Cloud Infrastructure Insights
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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).
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