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  6. EC Sourcing Acquires BidMode

M&A Deal Summary

EC Sourcing Acquires BidMode

On October 13, 2020, EC Sourcing acquired information technology company BidMode

Acquisition Highlights
  • This is EC Sourcing’s 1st transaction in the Information Technology sector.
  • This is EC Sourcing’s 1st transaction in the United States.
  • This is EC Sourcing’s 1st transaction in Indiana.

M&A Deal Summary
Date 2020-10-13
Target BidMode
Sector Information Technology
Buyer(s) EC Sourcing
Deal Type Add-on Acquisition

Target

BidMode

Carmel, Indiana, United States
BidMode is a Sourcing Optimization and Analytics Specialist. Bid Mode offers logistics and procurement software as a service. BidMode focus on supply chain makes it possible to bring the most savings as the software is built to discover supply chain cost reduction opportunities.

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Buyer(S) 1

Buyer

EC Sourcing

Morristown, New Jersey, United States
Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

EC Sourcing is a global procurement technology solutions provider comprised of former sourcing & procurement veterans. Recognized for its robust sourcing-centric functionality and practical ease of use with any existing technologies. EC Sourcing was founded in 2001 and is based in Morristown, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
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