MOUNTAIN VIEW, CA -- (Marketwired) -- 07/09/13 -- BDNA, the leading Data as a Service (DaaS) company, today announced it has been named a Gartner Research "Cool Vendor in Procurement and CLM" (Contract Lifecycle Management) for 2013(1). BDNA's DaaS provides an industrialized approach, which combines market intelligence with enterprise IT data to deliver insights that enable enterprises to drive greater efficiencies and innovation.
BDNA's DaaS delivers clean and enriched IT data that is leveraged across several IT processes such as, IT Procurement, IT Service Management and IT Transformation. This results in improved analytics, better decision-making, planning, forecasting, and improved ROI. BDNA's DaaS is available both on-premises and in the cloud. It allows enterprises to focus on the critical task of acting on the insights provided by clean, contextualized data rather than wasting valuable resources just capturing, filtering and aligning information, which are the exact challenges enterprises face today.
A recent third-party led survey showed that BDNA solutions provided an average savings of $7M per customer*, with 8 out of 10 customers reporting savings in less than 9 months*.
In the Cool Vendor report, Gartner concludes, "The procurement technology market continues to mature. We see a clear trend toward suites, with vendors offering complete strategic sourcing suites and full source-to-settle functionality. Some vendors, however, continue to innovate and carve out new niches, leveraging broader advances in analytics, social functionality and multi-enterprise support."
"To be acknowledged by Gartner as a Cool Vendor in Procurement and CLM is yet another milestone for BDNA and one we believe validates our Data as a Service business model," said Constantin Delivanis, CEO of BDNA. "One of the areas where BDNA's DaaS helps enterprises is improving their technology spending, planning and analysis. With BDNA's DaaS customers can drive innovation by immediately identifying opportunities for product consolidation, reducing waste and decreasing license and maintenance costs. Moreover, we empower CIOs and Purchasing Officers with more control and leverage during pricing negotiations and audits with vendors. That is a big shift in the power equation."
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
(1)Gartner Cool Vendors in Procurement and CLM, 2013, Magnus Bergfors, Deborah R Wilson, Michael Dominy, May 2, 2013.
*Based on TechValidate survey, a third-party validated survey of BDNA customers
BDNA is the leading Data as a Service company whose industrialized approach to delivering clean data enriched with the right market intelligence solves the challenge enterprise IT has faced for years in wasteful spending, recognizing risk, improving IT processes and unlocking new value streams. Using BDNA's Technopedia as the common language, data intelligence flows to the right places of an organization, applications now give valuable insights and organizations are better connected with each other and their customers. Venture backed, the company has locations around the globe and is headquartered in Mountain View, California. For more information, please visit www.bdna.com.
HORN on behalf of BDNA
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