Xeeva, Inc. Strengths, Domain Expertise, and Key Differentiators
Xeeva provides indirect spend management solutions that optimize the entire procurement process. Xeeva transforms indirect spend management with practices around spend analytics, data enrichment, sourcing, and procure-to-pay solutions that drive better, more strategic decision-making and deliver real financial impact to the enterprise. Xeeva is focused on automating indirect spend management solutions through the power of proprietary AI processes, methods, and algorithms. Its technology and proprietary AI are uniquely centered on indirect spend use cases.
Xeeva, Inc. Recent Developments
In December 2020, Xeeva released significant improvements and enhancements to its full suite of products. Xeeva’s latest product release includes a variety of upgrades and enhancements to its software applications, the data assessment components, the guided buying process, and its sourcing strategy. It added additional analytics, improved user experiences, and simplified processes for end users across its entire software suite. The data-driven company continues to evolve its platform to drive cost savings, visibility, and efficiency.
In April 2020, Xeeva implemented enhancements across its solutions portfolio, enabling customers to address key challenges and experience rapid ROI throughout the full procurement process, beginning with the most comprehensive data enrichment capabilities.
Xeeva, Inc. Mergers and Acquisitions (M&A) Activities
In 2016, Xeeva acquired ProcurePack, a cloud-based e-procurement and vendor relationship management solution. Acquiring this technology provides significant value in visibility and collaboration between procurement, finance, and other key stakeholders in the procurement process.
Xeeva, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Xeeva, 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 Xeeva, 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 Xeeva Spend Analytics, Xeeva Data Enrichment, Xeeva Sourcing, Xeeva Procure-to-Pay customers.
Xeeva, Inc. Overview
Ownership: - PeakEquity Partners
Number of Employees: 200
Functional Markets: Procurement,
Key Verticals: Automotive, Consumer Packaged Goods, Life Sciences, Manufacturing, Oil and Gas, Chemicals, Transportation, Utilities,
Xeeva, Inc. Key Enterprise and Cloud Applications
Xeeva Spend Analytics, Xeeva Data Enrichment, Xeeva Sourcing, Xeeva Procure-to-Pay
Xeeva, 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.
Xeeva, 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% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Xeeva, Inc. Enterprise Applications Revenues By Functional Markets, $M:
Xeeva, Inc. Enterprise Applications Revenues By Verticals, $M:
Xeeva, Inc. Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Xeeva, Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Xeeva, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Xeeva, Inc. Customers
No. of Xeeva, Inc. Customers: x
No. of Xeeva, Inc. Enterprise Applications Customers: x
No. of Xeeva, Inc. Cloud Customers: x
No. of Xeeva, Inc. Cloud Subscribers: x
Xeeva initially started in the automotive industry and has since expanded into new industries.
Xeeva, Inc. Market Opportunities, M&A and Geo Expansions
In August 2021, Xeeva unveiled significant enhancements to Marketplace, connecting Xeeva’s global customers to an expanded network of suppliers, helping to expedite sourcing of goods and services across any industry with guided execution from Xeeva’s team of procurement experts. Suppliers can now register in just a few minutes with no fees and start accepting bids from global organizations eliminating the cost of finding and contracting with new customers that need their goods and services. Xeeva’s Marketplace connects customers with suppliers through spend data insights to sourcing opportunities created for supplier discovery and awarding.
In April 2018, PeakEquity Partners invested more than $40 million in Xeeva. The funding came at a key time to accelerate Xeeva’s growth. Xeeva utilized the significant funds raised to grow their company in multiple areas, including further enhancing their product suite, accelerating sales and marketing efforts, and elevating the Xeeva brand to new levels.
Xeeva, Inc. Risks and Challenges
In February 2020, Xeeva appointed Nina Vellayan as its New President and Chief Executive Officer. The direction of the company's strategy might change.
Xeeva, Inc. Ecosystem, Partners, Resellers and SI
In October 2019, Xeeva partnered with Agiloft, forming a new strategic partnership for Source-to-Contract Management, fully integrating source-to-contract experience for enterprise customers. With this partnership, customers will now be able to leverage those strengths in the context of Xeeva’s source-to-pay solution and achieve improved ROI outcomes.
Xeeva Platform integrates with leading ERP providers like SAP, Oracle, PLEX, Epicor, Infor, Informatica, QAD, and many more.
Xeeva, Inc. Cloud Infrastructure Insights
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- Xeeva, Inc. Public Cloud and Infrastructure (IaaS)
- Xeeva, Inc. Platform (PaaS)
- Xeeva, Inc. Application Delivery
- Xeeva, Inc. 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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