The Manufacturing Marketplace MFG.com announced (here) it has secured Funding for Global Expansion. The amount is kept confidential. On the other hand, MFG-SourcingParts (the 2 companies merged in 2006) announced as well (there, in french) an impressive growth of 49% in 2006, which means a total revenue of (4M€+15M€)*1,49%=28M€, if my understanding is right (i.e it is 49% of total 2005’s revenue and not 49% of SourcingParts revenue only (4M€)).
This rockets MFG-SourcingParts amongst the top 10 biggest global providers of eSourcing solutions like Procuri, Perfect, BravoSolution, Ariba, I-Faber, Emptoris or VerticalNet…
MFG-SourcingPart has signed 26 new contracts in 2006 and has now subsidiaries in China and India, to accomodate current worldwide globalisation and probably to create a compelling new competitive differentiator.
Definitly, MFG-SourcingParts is worth keeping in mind as a potential eSourcing solution alternative.
MFG is an oft-mentioned company over on Spend Matters. Some background on MFG can be found at:
etc.
and also on SI at:
http://blog.sourcinginnovation.com/2007/02/16/mfg-a-community-in-the-making.aspx