LexisNexis Acquires Legal Media Organization to Enhance Legal Risk Analysis
In late July, the Dayton Business Journal reported that LexisNexis, the Dayton, Ohio-based provider of legal, media, and risk management solutions for enterprises, acquired MLex, a legal media organization that specializes in international law and regulatory compliance, for an undisclosed sum. According to company officials, MLex will complement LexisNexis’ Legal & Professional business unit, which already features such legal media research and analysis assets as Law360, Nexis, and Moreover. Robert McLeod, CEO and co-founder of MLex, will continue with the company and oversee its expansion into additional global markets where enterprises need insight into local regulatory issues and risks.
Coupa and Deloitte Consulting Partner to Drive Procurement Transformation and Savings
Also in late July, Coupa, the California-based provider of cloud-based spend management solutions, and Deloitte Consulting, announced a strategic partnership aimed at driving procurement transformation and enhancing savings opportunities among Deloitte’s client base, which includes both private and sector sourcing and procurement organizations. Together, the two companies will seek to bring Deloitte’s expertise in procure-to-pay strategies, technologies, and implementation to Coupa’s solutions and user base, helping them to build and drive effective, sustainable procurement transformation projects via Coupa’s spend management solutions.
Infor Acquires GT Nexus for Cloud-Based Direct Spend Management
In early August, Infor, the New York City-based provider of enterprise resource planning (ERP) and supply chain management solutions for the cloud, announced that it is acquiring GT Nexus, an Oakland, CA-based provider of cloud-based business networks and supply chain management solutions for $675 million. According to company officials, the deal will provide Infor and GT Nexus customers with visibility into categories from the shop floor to the warehouse and throughout their supply chains. The acquisition will also allow users to leverage GT Nexus’s business networks and Infor’s CloudSuite applications to integrate marketing, merchandising, and demand data and analyze it for a holistic view and more accurate sales, operations, and production planning. Users of both systems will also be able to leverage Infor’s social collaboration and and e-commerce functionality.
ConnXus Launches New Supplier Diversity Program
In late September, ConnXus, an Ohio-based provider of supplier discovery, diversity, and management systems for the cloud, announced the newest release of its platform with enhanced features and functionality. According to company officials, ConnXus’ web-based platform offers a user-friendly, secure, and scalable suite of applications where buyers and suppliers can find each other and transact. The enhanced platform features a tool called “Scrub,” which identifies and validates suppliers in a company’s existing database. It also features a Supplier Registration Portal that manages supplier information in a central, searchable repository. The new platform also has a direct and indirect spend management tool called TierTracker. Finally, the ConnXus Database features more than 1.7 million suppliers from which to choose.
U.S. Bank and Chrome River Strengthen Partnership, Add Benefits for Joint Customers
At the Global Business Travel Association show in late July, U.S. Bank and Chrome River announced a strategic partnership that integrates U.S. Bank’s business travel payment tools with Chrome River’s expense reporting solution. As a result of this partnership, Chrome River will become the bank’s preferred expense management vendor and joint customers will be able to use a single sign-on for both solutions. This is intended to create a seamless experience for joint customers and further tighten the relationship between the two companies. U.S. Bank will continue to offer integration into any expense management solution their clients want, but Chrome River’s solution will be fully integrated into the U.S. Bank solution straight out of the box.
This type of integration between two complementary solutions is fairly common in the larger solution provider marketplace, so it is not too unusual to see U.S. Bank taking this step. This is practically a no-brainer for Chrome River as well, given that U.S. Bank is fairly sizeable player in the financial services sector; the sheer size of the market this opens to Chrome River can be a game-changer for practically any solution provider. This integration could perhaps also convince some U.S. Bank clients to look at Chrome River who maybe have not before. Either way, a good move for both solution providers.
DATABASICS and Amadeus Integrate Travel and Expense Management Tools for End-to-End Capability
In early August, DATABASICS, a Virginia-based expense management solution provider, and Amadeus,a Chicago-based corporate travel bookings solution provider, announced that they are partnering to integrate their respective solutions for a connected, end-to-end travel and expense (T&E) management solution. The partnership will integrate DATABASICS Expense with Amadeus e-Travel Management (AeTM) tools, allowing business travelers to match booking and itinerary information from AeTM with financial information, like expenses and receipts within the DATABASICS Expense for a streamlined and convenient T&E management and reporting experience. According to company officials, the integration ought to reduce data entry by business travelers and make for a seamless T&E reporting and approval process.
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