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On June 1st, 2017, POOL4TOOL AG, Austria-based provider of cloud solutions for operative sourcing and supply chain management, has signed an agreement to sell 100% of its shares to JAGGAER, Inc. (former SciQuest), US-based SaaS provider of source-to-pay solutions, which is owned by Accel-KKR, US-based technology-focused investment firm with USD 4.0bn in capital commitments. The merger positions JAGGAER together with POOL4TOOL as the only eProcurement company with a global footprint that offers complete, end to end indirect and direct spend solutions.
“POOL4TOOL is the ideal expansion partner for the development of a truly complete, global eProcurement and spend solutions suite, making JAGGAER the only company in the world to offer this depth and breadth of capabilities. POOL4TOOL has been repeatedly cited by analysts as the number one choice in direct material solutions, and brings specialized capabilities to our expansive eProcurement offerings” says Robert Bonavito, CEO, JAGGAER.
POOL4TOOL AG is the global leader for electronic process optimization in "direct material procurement", with over 300 clients. The only worldwide All-in-One Supply Collaboration Platform brings together all processes from product development through strategic procurement (sourcing), SRM, indirect procurement, SCM up to QM in one workflow-based solution. POOL4TOOL offers best practices within the automotive, engineering and equipment construction, serial production and medical technology branches, as well as a unique supplier network with over 500,000 connected companies.
JAGGAER (former SciQuest) provides cloud-based business automation solutions for spend management. JAGGAER’s SaaS based, Source to Pay (S2P) solutions enable an efficient relationship between buyers and suppliers, covering the entire spectrum of needs, from sourcing to spend analysis, through contract management and AP. Their solutions suite is trusted by the world's largest higher education, commercial, pharmaceutical and life sciences companies that collectively form a network with billions of dollars in annual spend.
Dr. Gernot Wunderle Managing Partner E-Mail
Daniel Bentrup Associate Director
Adelin Trusculescu Associate
Philipp Hartelt Associate