AgencySpotter.com Acquired by Private Investment Group, Rebrands to SpotSource Inc.
AgencySpotter.com Acquired by Private Investment Group, Rebrands to SpotSource Inc.
Key Takeaways (TLDR)
Acquisition by private investment group positions AgencySpotter.com to focus on verified customer reviews, gaining competitive advantage in service provider selection.
SpotSource Inc. rebrands to focus on SpotSource, a leading enterprise service supplier management software platform, streamlining the procurement process.
SpotSource's strategic shift aims to empower businesses to manage service provider relationships, streamlining the procurement process and meeting the needs of major enterprises.
Global workflow automation and professional services automation market projections highlight the increasing demand for effective service supplier management solutions in the professional services sector.
Why it Matters
The acquisition and rebranding of AgencySpotter.com to SpotSource Inc. marks a significant shift in the industry, as it enables the platform to focus on championing verified customer reviews within the service provider selection process. With the increasing demand for effective service supplier management solutions in the professional services sector, this move is crucial for businesses looking to streamline their procurement process and manage their service provider relationships more efficiently.
Summary
AgencySpotter.com, a leading public rating and review platform for marketing and IT agencies, has been acquired by a private investment group specializing in technology and service marketplaces. This acquisition will enable AgencySpotter.com to focus on its core mission of championing verified customer reviews within the service provider selection process. Following this divestiture, the parent company of AgencySpotter.com, formerly known as Agency Spotter Inc., will rebrand to SpotSource Inc., reflecting the company's strategic focus on its core business: SpotSource, a leading enterprise service supplier management (SSM) software platform. With the evolving service procurement landscape and the increasing demand for effective service supplier management solutions in the professional services sector, the acquisition and rebranding mark an important shift in the industry.
This news story relied on a press release distributed by Newsworthy.ai. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is AgencySpotter.com Acquired by Private Investment Group, Rebrands to SpotSource Inc..