RESEARCH TRIANGLE PARK, N.C. – Jan. 4, 2017 – JAGGAER, the world’s most powerful and comprehensive Source to Pay solutions suite, finished 2016 with the strongest financial and business position in the company’s 22-year history. JAGGAER ended the year with its highest revenues ever and over 50 new customers, while remaining the market leader in higher education. JAGGAER also expanded extensively into new commercial market sectors including transportation, manufacturing and consumer packaged goods, with many contracts for multiple suite solutions in all industry sectors.
As the number one choice in higher education, JAGGAER solutions are being used by over 280 major colleges and universities worldwide. 30 new schools and school systems customers selected JAGGAER, including SUNY, Utah Valley University, Liberty University, Florida State University, Loyola University of Maryland, Macquarie University of New South Wales, University of Auckland and the University of Warwick in the United Kingdom.
JAGGAER crossed the business expansion threshold in 2016, with over 50% of the customer base now in commercial; this includes manufacturing, consumer packaged goods, and transportation. Significant customers include Starbucks, Levis, Kimberly-Clark, Safeway, J.M. Smucker and Rite-Aid.
The JAGGAER Select Partner program was launched in 2016 and has already yielded nearly ten new customers in the commercial and higher-education sectors, further proof of success with the company’s business expansion plans. Partners in this new program include Denali, The Hackett Group, E&I Consulting, Huron Consulting Group, among others.
“The depth and breadth of our solutions is unmatched in the marketplace. We are now coupling customer feedback with market analysis, and our focus is to provide the most complete, user friendly Source to Pay suite available for any business needs, from simple to complex. Our goal in 2017 is to become the dominant spend management solutions network, across multiple industries,” says Robert Bonavito, JAGGAER CEO.
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.
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