ODP acquires BuyerQuest Holdings, Inc.
February 19, 2021
Following the announcement of Prentis Wilson joining ODP to lead its new B2B Technology Business, the company announced the acquisition of BuyerQuest Holdings, Inc., a leader in cloud-based enterprise Procure-to-Pay (P2P) software.
The acquisition, the company said, accelerates its technology development and enables it to deliver an integrated, eCommerce, P2P, and supply chain platform designed to transform how businesses buy and sell.
Since the company’s inception nine years ago, BuyerQuest has delivered eCommerce experiences to procurement organisations all around the world. The software streamlines and enhances corporate buying processes, allowing customers to increase user adoption, drive contract compliance, and save money. BuyerQuest customers include some of the most recognised names in the consumer packaged goods, hospitality, public sector, manufacturing, and restaurant industries, among others.
“We are committed to delivering on our vision to be a leading B2B company. With the addition of BuyerQuest’s market-leading capabilities, and our recent announcement that Prentis Wilson has joined ODP, we are well on our way to fulfilling that vision,” said Gerry Smith, Chief Executive Officer of The ODP Corporation. “We are excited to welcome BuyerQuest into the ODP family as we accelerate our digital transformation.”
ODP recently announced that Wilson, a B2B technology veteran, joined the company to help establish and scale a newly launched technology business.
“BuyerQuest’s strong customer focus, coupled with a world-class product, has allowed it to disrupt a crowded P2P market. As a result, BuyerQuest manages billions of dollars in monthly spend for some of the world’s most reputable organisations,” said Wilson. “The combination of BuyerQuest’s P2P platform and ODP’s digital commerce technology and supply chain capabilities drive efficiency and growth for customers – buyers and suppliers alike.”
“Our success has been a result of focusing on customers and delivering an intuitive platform that meets the needs of organisations of all size,” said Jack Mulloy, CEO & Founder of BuyerQuest. “Gerry and Prentis share our customer obsession and vision around the future of B2B commerce. We look forward to accelerating our ability to deliver unprecedented value to our customers.”
Categories : City News
Tags : Acquisition B2B The ODP Corporation
