NEWPORT NEWS, Va.--(BUSINESS WIRE)--Perfect Commerce announced today it has finalized the purchase of controlling ownership of the share capital of Hubwoo S.A. (HBWO.PA), a leading provider of comprehensive spend management and business process automation solutions, headquartered in Paris, France. Effective immediately, the combined company will provide world-class sourcing and procurement solutions to the enterprise and public market sectors for true end-to-end, global spend management.
This acquisition signifies a substantial milestone in Perfect’s global growth strategy, extending its suite of procurement and sourcing solution capabilities in both vertical and geographical markets. “The unification of Perfect Commerce and Hubwoo brings together two powerful global companies, both of which have roots in Commerce One, have established a strong global presence, particularly in North America and Europe, and offer a complementary customer portfolio,” said Perfect Commerce CEO, Hampton Wall. “Leveraging Hubwoo's catalogue management and business network-based process automation capabilities with the strength of Perfect's source-to-pay applications and solutions will organically create enhanced process automation and savings for our combined customers.”
Perfect will continue to support Hubwoo clients and partners, as well as augment its technologies, while allowing Hubwoo clients to take advantage of the extensive Perfect Commerce portfolio. Significant Hubwoo customers include BASF, Eni, Shell, Evonik, Microsoft, Nationwide, Henkel, CONSOL Energy, Suramericana, ING and Cemex. Hubwoo’s global partnerships include SAP, IBM, and TrustWeaver. Hubwoo has major operations in Paris, Houston, Chicago, Bonn, London, Manila, and Brussels. "We're excited to officially join the Perfect Commerce team and have been hard at work combining Hubwoo’s strength’s and capabilities with Perfect's extensive suite of software and service solutions," said former Hubwoo CEO, Gregory Mark.
About Perfect Commerce (www.perfect.com)
Perfect Commerce provides global best-in-class SaaS sourcing and procurement solutions to the enterprise and public market sectors. Perfect’s true end-to-end platform enables businesses to reduce costs while increasing operational efficiency. With the broadest global reach and deepest global capabilities of any independent provider, Perfect’s cloud solutions and services solve complex industry challenges—throughout the spend lifecycle.
About Hubwoo (www.hubwoo.com)
Hubwoo connects companies—providing cloud-based, comprehensive spend management and collaborative business process automation solutions for goods and services—through The Business Network. Our global solutions integrate with any ERP or financial system for an intuitive, one-stop purchasing experience—driving adoption, compliance and savings.
Hubwoo is a Perfect Commerce Company.
