Marketmaker4 bags 11 new contracts

BANGALORE, INDIA: Xchanging plc, the business process, procurement and technology services provider, has announced that its recently-acquired eSourcing technology business, MarketMaker4 (MM4), has won 11 new customer contracts since the acquisition in late September 2013.

The new contracts extend MarketMaker4's presence in its key sectors including Retail, CPG, Automotive and Industrial Manufacturing, as well as taking the company into new industries including Financial Services and Healthcare.

In addition, several of the contracts were secured through add-ons to Xchanging's client base, including Severn Trent Services, the water and wastewater solutions supplier, where MM4's eSourcing platform acts as a critical driver in delivering savings for the business.

Closure Systems International is one of the companies implementing MarketMaker4's unique Software-as-a-Service solution that includes MarketMaking (tactical support), a state of the art eSourcing Suite, integrated Company Intelligence and Relevant Market Insights.

MarketMaker4 continues to be marketed under its own brand name in order to leverage its well-established position in the eSourcing market. This will support Xchanging's strategic global growth strategy by extending its presence in North America, a region which has significant growth opportunities for the procurement business, whilst also creating business development opportunities for Xchanging's existing procurement products and services.

When MarketMaker4 is engaged in tandem with Xchanging's services overlay and other products, customers get the benefit of a powerful end-to-end sourcing and procurement solution capable of generating tremendous efficiencies and cost savings. Xchanging is currently the world's third largest procurement services provider with a team of more than 600 sourcing and procurement professionals.