‘Deal of the Year’ Elevates SpendHQ’s Position as Global Procurement Pioneer

SpendHQ, the best-in-class Spend Intelligence and Procurement Performance Management solutions provider, today announced it has been recognized as a ‘Deal of the Year’ in the cross-border category presented by the Atlanta Business Chronicle and the Association of Corporate Growth (ACG). This achievement signifies SpendHQ’s strategic integration of a shared vision between two companies across continents, culminating in a single, innovative solution that allows for a continuous flow of data between analytics, strategy and execution.

The 'Deal of the Year' recognition honors the most impactful transactions that closed between July 1, 2022, and June 30, 2023, across a breadth of industry categories within the region. For SpendHQ, this recognition highlights the acquisition of Per Angusta, a procurement performance management (PPM) technology company based in Lyon, France. Facilitated by a $65M investment from Pamlico Capital, this acquisition not only expanded SpendHQ’s operational footprint but also pioneered the creation of a unified strategic procurement platform.

"There were many obstacles facing us when the journey began to bring these two companies together. It was a ‘double bank shot with a moving backboard’ unlikely to happen," said Tom Beaty, Founder and Chairmen of SpendHQ. "But our shared vision with Pierre Laprée, formerly CEO of Per Angusta and current chief product officer of SpendHQ, and our great teams including Pamlico Capital led us to success."

The solution is now setting industry standards, reflecting the vision and agility with which SpendHQ solves global challenges in the procurement domain.

"Our team’s commitment to innovation and our drive to shape the next frontier of procurement technology brought this deal to life," said Scott Macfee, CEO of SpendHQ. "To achieve this recognition based on bringing together two companies, two cultures, two platforms and creating a market differentiator, all while adding value to our clients globally, is an incredible recognition."

Demonstrating its local impact and commitment to employee satisfaction, SpendHQ was also named a Top Workplace in 2023 by the Atlanta Journal-Constitution. Additionally, its growth trajectory and contribution to the local business landscape was acknowledged by The Atlanta Chapter of the Association for Corporate Growth® (ACG) naming SpendHQ to the 2023 Georgia Fast 40 which celebrates the state’s fastest-growing middle-market companies.

"Being acknowledged both for our workplace culture and market growth is a validation of our holistic approach to business," said Laprée. "We’re not just focused on delivering cutting-edge procurement solutions; we’re also nurturing a workplace environment where innovation thrives. These honors reflect the balance we strike between product excellence and fostering a vibrant and collaborative team."

For more insights on how strategic procurement management can positively impact and accelerate core business objectives, visit www.spendhq.com/resources.