Periscope called Procurement “Cool Vendor”
New Report By Leading Analyst Highlights Niche Procurement Vendors
AUSTIN, Texas 10-MAY 2010
- Periscope Holdings, Inc. today announced that Gartner, Inc. featured the company in a report titled “Cool Vendors in Procurement Applications, 2010”.
- Periscope met Gartner’s criteria of “interesting, new and innovative vendors, products and services.”
- Gartner recognizes that state and local governments have unique procurement processes, such as budget encumbrance and two-stage, sealed-bid opening.
- Periscope meets the above requirements and more at an affordable price-point with a solution that does not unduly tax IT resources.
- The “cool vendor” research also cites a previous report, Critical Capabilities for Best-of-Breed E-Procurement Vendors (June 2009) in which Gartner gave Periscope’s BuySpeed solution a rating of 3.7 overall.
- According to Gartner, “Various vendors are crowding the procurement applications markets with competitive solutions. This year’s cool vendors have identified and addressed unmet needs for a particular spending category, industry or geographic region.”
Periscope’s BuySpeed Solution
- BuySpeed offers complete strategic sourcing, e-procurement and P2P or “procure-to-pay” capabilities. Capabilities include online vendor registration, requisitions, bids/quotes, contract management, reverse auctions, P-cards, punchouts, receiving and inventory control.
- Orders can be received in a distributed environment and paid through seamless integration with most existing accounting or financial systems.
- BuySpeed helps organizations of all sizes enable transparency and streamline processes, reducing purchasing costs, buying cycle, and the overall cost of goods and services.
- For more information about the BuySpeed solution, please visit www.buyspeed.com.
Supporting Quotes
- “We believe in saving taxpayer money while increasing transparency and efficiency in government. Periscope is pleased to be a ‘cool’ vendor for procurement in Gartner’s eyes” says Brian Utley, President and CEO of Periscope Holdings, Inc. “We strive for continuous product improvement by working closely with our current BuySpeed customers as well as meeting the challenges outlined in the Gartner reports. “
Supporting Resources
Analyst Report
Gartner reports are available at www.gartner.com. Cool Vendors in Procurement Applications, 2010 is the latest report (ID Number: G00174983) and Critical Capabilities for Best-of-Breed E-Procurement Vendors (ID Number: G00167401) was released June 2009.
ABOUT GARTNER’S COOL VENDORS SELECTION PROCESS
Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.
Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.
ABOUT PERISCOPE HOLDINGS, INC.
Periscope Holdings, Inc. (www.periscopeholdings.com) is a privately held technology company headquartered in Austin, Texas. Periscope focuses on working with public entities and private companies to achieve best practices in procurement through comprehensive software solutions and consulting services. Every day Periscope delivers time- and money-saving results for more than 100,000 users throughout the United States.
BuySpeed (www.buyspeed.com) customers include the states of Arizona, Louisiana and New Jersey, the counties of Kern and Onondaga, the cities of Baltimore and New Orleans, Virginia Beach Public Schools, Alaska Department of Transportation and Chicago Housing Authority. Periscope also holds the exclusive license to maintain, enhance and market the NIGP Commodity/Services Code on behalf of the National Institute of Governmental Purchasing, Inc. (www.nigp.org).