Emptoris acquires diCarta Inc. and Gets Serious About Compliance. An Article written by Jeff Moad, MA Editorial Staff – Posted on Wednesday, April 12, 2006
Emptoris Inc.’s acquisition this week of diCarta Inc. will allow Emptoris to more rapidly integrate compliance management features into its supply management software suite, according to President and CEO Avner Schneur. “Over the last few years we’ve seen more and more need for contract and compliance management, so we felt we wanted to beef up that whole area,” said Schneur, who will continue to oversee the privately owned combined company bearing the Emptoris name.
Schneur declined to reveal how much Burlington, MA-based Emptoris paid for diCarta, a privately owned vendor of sell-side and buy-side contract and compliance management software. Prior to the acquisition, diCarta had about $31 million in annual sales and Emptoris had about $70 million in annual sales, according to estimates from Forrester Research.