JAGGAER Announces Record Third Quarter 2018

World’s largest independent spend management company on track to deliver record year
RESEARCH TRIANGLE PARK, NC – October 11, 2018  – JAGGAER, the world’s largest independent spend management company, today announced the best third quarter in the company’s history for global revenue, new customer orders, and expansion of existing business. JAGGAER wrapped Q3 2018 with bookings that were up over 50% compared to the third quarter of 2017, and more than double third quarter 2016.

JAGGAER added 55 new customers in the third quarter in the US, EMEA and APAC, representing manufacturing, retail, education, materials handling, distribution, education, life sciences, consumer packaged goods, public sector, electronics and business services. This reflects JAGGAER’s focus on providing specific solutions to vertical industries. New customers for 2018 include Surface Oncology, Western and Southern Financial Group, McMaster University, Pernod Ricard Espana, Wienerberger AG, Eastern Kentucky University, UniHa, Merck, King Abdullah University of Science and Technology, Dallas Community College and the University System of New Hampshire, among others.

JAGGAER now serves nearly 2000 customers globally. Many of these companies took advantage of JAGGAER’s Source to Pay solution suite encompassing JAGGAER’s Advanced Sourcing, Contract Management, Spend Analytics, and Supplier Management Solutions.

JAGGAER also developed new partner relationships with MasterCard, Velocity Partners and Science Exchange. JAGGAER has heavily increased its international business, serving 1 in 4 of the top performing companies in Germany and Austria, counting 27% of DAX 30 (German Stock Index) companies, and 25% of ATX (Austrian Traded Index) companies among its customers. Additionally 80% of the five largest Italian Airport operators, by passenger volume, as well as Heathrow and Abu Dhabi airports, utilize JAGGAER solutions, along with hundreds of universities, science and research facilities and global manufacturers.

“JAGGAER is on track to deliver the best year in the company’s history. Our business has expended along planned vertical channels, we have developed a solid global footprint and we have the most complete spend management suite in the market, capable of covering literally any business need. We anticipate closing the year with a solid validation of our position as the largest independent spend management company in the world,” says Robert Bonavito, CEO, JAGGAER.

Gartner, Inc. has named JAGGEAR (Advantage) highest for ability to execute in its 2018 “Magic Quadrant for Strategic Sourcing Application Suites.”* Earlier this year JAGGAER was named as a Leader in Gartner, Inc’s 2018 “Magic Quadrant for Procure-to-Pay Suites.”**

*Gartner, “Magic Quadrant for Strategic Sourcing Suites”, Magnus Bergfors, Patrick Connaughton, Desere Edwards, William McNeill, Kaitlynn Sommers, 1 August 2018
**Gartner, “Magic Quadrant for Procure-to-Pay Suites”, authored by Desere Edwards, William McNeill, Magnus Bergfors, Patrick Connaughton, Kaitlynn Sommers, published 29 May 2018.

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Some of the largest commercial, manufacturing and life sciences companies in the world trust JAGGAER with billions of dollars of annual spend. Additionally, JAGGAER is the leading procure-to-pay provider in the higher education and government sectors. JAGGAER eprocurement and strategic sourcing customers across the globe have gained access to the best suppliers, with the best terms, on our scalable, customizable, user-friendly platform. Our SaaS-based, source-to-settle solution provides unparalleled visibility, insights and recommendations to procurement leaders and suppliers. The result is a fluid supply chain driven by powerful spend analysis, comprehensive contract management and efficient accounts payable solutions.

JAGGAER Media Contact