Spendbase Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Spendbase Inc. is a company specializing in spend management solutions aimed at optimizing software and vendor expenditures for businesses. By integrating advanced SaaS management, vendor management, and cloud discount tools, Spendbase empowers companies to achieve significant cost reductions, streamline procurement processes, and gain comprehensive visibility over their software usage and spending patterns. Product Breakdown: SaaS Management Spendbase offers robust SaaS management capabilities that enable organizations to track and control their software expenses. The platform provides a real-time, 360-degree view of all SaaS subscriptions, helping to identify unused licenses and eliminate shadow IT. Features include automated renewal notifications, license optimization, and the ability to assign software owners to improve accountability and management efficiency. Vendor Management Spendbase's vendor management system simplifies the procurement process by consolidating multiple vendor interactions into a single platform. This includes handling negotiations, securing long-term partner discounts, and providing a single invoice for all software subscriptions. The service ensures that organizations get the best prices and terms, freeing up time and resources to focus on core business activities. Cloud Discounts The platform leverages partnerships to offer substantial cloud service discounts. This feature allows companies to reduce their cloud expenditure significantly by accessing pre-negotiated deals and optimizing their cloud usage. Spendbase takes care of the negotiation process, ensuring that clients benefit from ongoing cost savings on essential cloud services. Discount Marketplace Spendbase includes a discount marketplace where businesses can access exclusive deals on various software and cloud services. This marketplace provides a centralized location for discovering and acquiring software at reduced rates, further enhancing the overall cost efficiency of the organization's tech stack.
Keywords
Keywords
Classified
Private