August 09, 2012
ReactorNet Announces Strategic Technology Partnership with Market Dojo
By Calvin Azuri
ReactorNet recently entered into strategic technology partnership with Market Dojo, U.K.-based provider of easy-to-use and affordable eSourcing software solutions.
“We see eSourcing as the precursor to eProcurement in that the eSourcing process helps collect the data that drives the eProcurement process,” said Phillip Day, cofounder and vice president of Information Technology, ReactorNet. “As demand for eSourcing and reverse auctions grows, partnering with the number one online negotiations provider in the U.K. is a strong asset for us.”
Under the terms of the new partnership, the eSourcing software from Market Dojo and ePRO offering from ReactorNet will be combined within a centralized platform. Collaboration between both companies will drive the development of an optimized end-to-end solution for customers that will support electronic management of formalized RFQs for products and services through a reverse auction process.
This will be the first step within the eProcurement workflow.
"ReactorNet is an established entity in the U.S. within the procurement space, and this partnership is a tremendous opportunity for Market Dojo to gain visibility in this new market,” said Nick Drewe, cofounder, Market Dojo. “ReactorNet will not only promote our cloud solutions, but will provide customers with in-depth knowledge and expertise of eProcurement projects to maximize their total investment.”
Market Dojo's online negotiation software has been designed to enable buyers and suppliers to find the most optimized market price for their goods and services. The ePRO eProcurement platform from ReactorNet makes it easy for buyers to work with supplier’s directly ensuring greater control over spend management and increased level of purchasing power.
The resulting integrated solution delivered by both companies will allow centralized negotiations to drive sales process, enhance purchasing efficiency and bring down costs by 20 percent.
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Edited by Braden Becker