JAGGAER Announces Record Third Quarter

Morrisville, North Carolina, UNITED STATES

World’s largest independent spend management company on track to deliver record year

RESEARCH TRIANGLE PARK, N.C., Oct. 11, 2018 (GLOBE NEWSWIRE) --  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, Weinberger Clay Building Materials Europe, 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 JAGGAER (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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About JAGGAER: Global Source to Pay Spend Management Solutions  

JAGGAER is the world’s largest independent spend management company, with nearly 2000 customers connected to a network of 3.7 million suppliers in 70 countries, served by offices located in North America, Latin America, throughout Europe, the United Kingdom, Australia, Asia, and the Middle East. JAGGAER offers complete SaaS-based Source to Pay eProcurement solutions with advanced Spend Analytics, Sourcing, Supplier Management, Contract Lifecycle Management, Savings Tracking, and intelligent workflow capabilities. JAGGAER has pioneered spend solutions for over two decades and continues to lead the innovation curve by listening to customers and analyzing the market. Our solution suites are trusted by the world’s largest manufacturing, education, health care, retail, consumer package goods, logistics, construction, utilities companies and public service organizations. Additionally, JAGGAER holds 38 patents–more than any other spend management company. www.JAGGAER.com

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Steve Lundin