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Paris and California based spend management platform Ivalua has raised $70m in growth equity minority funding from KKR. Ivalua’s cloud-based software is used by procurement and finance organizations in large, global companies, and every day more than 500,000 users and millions of suppliers from over 70 countries log into the Ivalua platform.
Ivalua's Source-to-Pay (S2P) platform is relied on by over 250 blue chip customers globally, including Honeywell, the City of New York, Veolia, Thales, Orange, Michelin, and Deutsche Telekom. Its market-leading end-to-end spend management platform uniquely combines a comprehensive full-suite offering with significant flexibility, which allows large multinational organizations and public sector players to easily configure the solution to their complex needs. Ivalua's solution was recognized by Gartner as a Leader in its 'Magic Quadrant for Strategic Sourcing Application Suites 2017', as well as a Value Leader and Customer Leader in the latest eProcurement SolutionMap released by SpendMatters.
http://www.businesswire.com/news/home/20170425006282/en/Ivalua-Raises-70M-KKR
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