Innovative eProcurement Offering Continues to Gain Acceptance
Shelton, Connecticut — September 1, 2009 — Vinimaya, the leading provider of next generation E-Procurement Catalog and B2B Shopping Solutions for buyers and suppliers, continues to generate significant market momentum as its flagship SmartSearch Catalogtm product and innovative virtual supplier network concept gains acceptance among buyers and suppliers. The company achieved several significant milestones in the first half of 2009, including:
- Adding Major Customers
Vinimaya continues to add new customers in multiple vertical markets; among them one of the world’s largest global financial services companies, a well known global chemical products manufacturer, one of the world’s largest institutions of higher education; and one of the largest state governments in the USA.
- Continued Revenue Growth and Profitable Operations; 100% Renewal Rate
Revenue is up 30% over 2008, and the company continues to operate on a cash-flow positive basis. Since its founding in 2000, every customer that has been up for renewal has extended their commitment to the SmartSearch Catalog solution, creating a multi-million dollar backlog of guaranteed future revenue.
- New Features and Capabilities
Among the new features and capabilities delivered in the first half of 2009 include Punchout Price Audit, improved Supplier Self Service Catalog Upload and Management, SAP Item Master Audit, Custom eForms for Ordering Services, and a Supplier Information Portal.
- Over $1B in Online Orders
Cumulative orders going through SmartSearch Catalog installations across Vinimaya’s client base have exceeded $1B over the last 12 months.
“Demand for Vinimaya’s solution is strong globally despite a challenging economy,” said Gary Hare, CEO of Vinimaya. “The feedback from clients is that they want more, so we continue to re-invest and expand our offerings to meet their e-procurement needs”.
Vinimaya’s, SaaS delivered, patent-pending SmartSearch CatalogTM solves the most challenging issues facing the e-procurement market today; user and supplier adoption. It’s the only solution in the market that gives users the ability to search and shop multiple supply sources concurrently: web sites, industry marketplaces, supplier networks and catalog databases, from a single user interface; while providing the Buying organization the control over user access and pricing they demand. Supplier enablement is made easier and less expensive thanks to the non-invasiveness of Vinimaya’s technology. When complemented by Vinimaya’s B2B TransactionsTM Internet EDI solution, Vinimaya clients create their own “virtual Internet supplier networks”.
Vinimaya, Inc. is a privately held software solutions company that provides innovative E-Procurement Catalog and B2B Shopping Solutions for both buyers and suppliers based on their patent-pending Vinimaya SmartSearch AgentTM technology platform. Vinimaya products are 100% compatible with systems from Ariba, SAP, Oracle and PeopleSoft among others and are used by global companies such as Siemens, Alcoa, 3M, Corning, EDS, Sunoco, UPMC, Cooper Industries and Agilent Technologies. For more information, please visit Vinimaya.com, email email@example.com or call 888-618-8634.
“Vinimaya”, “Vinimaya SmartSearch Catalog”, Vinimaya SmartSearch Agents”, “VISN”, Virtual Internet Supplier Network”, “Vinimaya B2B Transactions” are registered trademarks of Vinimaya, Inc. All other product and company names listed may be the trademarks of their respective owners.