AUSTIN, Texas — July 18, 2019 — Ignite Technologies and ESW Capital announced today PurchasingNet is now part of Ignite’s enterprise solutions portfolio through a reorganization of ESW Capital’s operating companies.
PurchasingNet, an enterprise procurement platform, was previously aligned with ESW’s Versata portfolio.
“The merger will be an exciting one for existing PurchasingNet customers,” said Davin Cushman, CEO, Ignite Technologies “Ignite will be making material investments in enhancing customer value through a 5x larger Prime program and a new product strategy allowing individual customers to turbo-charge customization of the PurchasingNet platform to best meet their needs.”
With PurchasingNet, customers optimize their organization’s procurement processes to lower cost and improve supplier management. PurchasingNet includes four product suites: PNet eProcurement, PNet ePayables, PNet Financial Management, and PNet Services.
By joining Ignite, PurchasingNet customers now have access to the company’s innovative Ignite Prime program, a one-of-a-kind customer benefit. The Ignite Prime program is an Enterprise License Agreement (ELA) which provides access to a robust catalog of 17 Ignite software solutions. The program enables customers to accelerate digital transformation initiatives and modernize sales, marketing, finance and IT operations on unprecedented, customer-friendly economic terms.
With the merger, PurchasingNet will be marketed, sold, and supported as one of Ignite’s finance and operations solutions.