|By Business Wire||
|June 6, 2014 10:48 AM EDT||
Zycus, a recognized global leader in the source-to-pay suite of software solutions reiterated, today, that it is determined to remain self-funded, independent and strong. This announcement comes on the heels of some of the latest acquisitions in the procurement solutions market raising a question on these acquired companies’ business continuity and product integrity.
Zycus, for years, has assured its customers of its commitment to remain a privately held company with no exit pressure, no venture capital funding and no intention of getting acquired. Repeating the message sent out over the last many years, and at Zycus’ flagship procurement industry conference, Horizon, CEO, Aatish Dedhia said, “Along with comprehensiveness, ease-of-use and responsiveness, we have seen, what the companies also require is a long-term, trustworthy partnership. With our innate immunity to market acquisitions, we are best placed to serve the procurement professionals with a single minded focus of helping them make a difference to their organizations.”
The company’s position on mergers and acquisitions is strongly in line with its R&D strength and investments and Zycus has always believed in organic growth, building all its procurement software modules from the ground up and endowing them all with a single DNA. Presently, it boasts of a fully self-developed, highly competitive and innovative suite of SaaS based technology solutions across the Source-to-Pay lifecycle. Recognition of its technology’s strength and customer satisfaction clearly shows in the ratings by leading analysts in the space.
In order to further prove its strength and commitment in this market space, Zycus has offered to take over existing contracts of customers of the acquired or merged competitors at zero migration costs and at the initial contract price to help companies transition to its software solutions without any additional expense. Interested prospects can book a demo of Zycus solutions here.
Aatish concludes, “With mergers and acquisitions rampant in the industry, Zycus believes its ability to deliver and support its customers will be a unique advantage for them in the years to come, while mitigating business risks and creating long term business partnership.”
Zycus is committed to positioning procurement at the heart of business performance. With our spirit of innovation and a passion to help procurement create even greater business impact, we have evolved our portfolio to a complete Source-to-Pay suite of procurement performance solutions - Spend Analysis, eSourcing, Contract Management, Supplier Management, eProcurement, eInvoicing and Financial Savings Management. We are proud to have more than 200 solution deployments among Global 1000 clients across verticals like Manufacturing, Automotive, Banking and Finance, Oil and Gas, Food Processing, Electronics, Telecommunications, Chemicals, Health and Pharma, Education and more.