ReactorNet and Market Dojo Partner to Bring eProcurement and eSourcing into One Integrated Offering
New technology partnership offers customers in UK and US a comprehensive SaaS-based sourcing and purchasing solution to centralize negotiations, improve efficiency, and reduce costs
San Antonio, Texas (August 8, 2012) - ReactorNet, a premier provider of SaaS-based eProcurement solutions for medium- to large-sized companies, today announced a strategic technology partnership with UK-based Market Dojo, a leading eSourcing software provider offering on-demand RFQs and forward and reverse online auctions. The partnership will integrate Market Dojo's eSourcing and ReactorNet's ePRO functionalities into a centralized platform, providing customers with an efficient end-to-end solution to electronically manage formalized RFQs for products and services via a reverse auction that will serve as the first step to the eProcurement workflow.
"We see eSourcing as the precursor to eProcurement in that the eSourcing process helps collect the data that drives the eProcurement process," said Phillip Day, co-founder and vice president of Information Technology, ReactorNet. "As demand for eSourcing and reverse auctions grows, partnering with the number one online negotiations provider in the UK is a strong asset for us. We look forward to establishing a presence in the UK and are delighted to be partnering with Market Dojo to bring their cutting-edge solutions to our customers."
Market Dojo delivers online negotiation software that helps buyers and suppliers efficiently negotiate the true market price for their goods and services. ReactorNet's ePRO eProcurement platform allows buyers to directly collaborate with suppliers to gain control of spend management and maximize their purchasing power. Together, the integrated solution will enable customers to centralize negotiations to accelerate the sales process, improve purchasing efficiency and reduce costs by 20 percent of total spend within the first year.
"ReactorNet is an established entity in the US within the procurement space, and this partnership is a tremendous opportunity for Market Dojo to gain visibility in this new market," said Nick Drewe, co-founder, Market Dojo. "ReactorNet will not only promote our cloud solutions, but will provide customers with in-depth knowledge and expertise of eProcurement projects to maximize their total investment."
Pricing for the integrated solution is subscription-based, eliminating the need for investing in hardware or software, and allows for customers to be up-and-running in days. There is minimal set-up and integration effort, and an experienced dedicated support team is available to manage all activity 24/7.
For more information on ReactorNet ePRO, or to request a demo, click here.
About Market Dojo
Market Dojo is a pioneering software-as-a-service (SaaS) company that offers professional, intelligent and easy-to-use eSourcing software at commoditized pricing through our unique adoption of the best of today's 'cloud' technology. For more information, please visit www.marketdojo.com.
ReactorNet is a premier provider of SaaS-based, eProcurement solutions for medium- to large-sized companies across industries including automotive, entertainment, hospitality, and restaurants. ReactorNet powers Cinema Solutions and ePRO collaborative platforms, integrating buyers' and suppliers' purchasing responsibilities into a centralized location-removing procurement barriers to reduce operational costs by improving accountability, increasing spend visibility, and maximizing buying power. ReactorNet is a recipient of ThinkStrategies' Best of SaaS Showplace Award.
Founded in 2005, ReactorNet is a privately held company headquartered in San Antonio, Texas. Clients include AMC Theatres, Cinemark Theatres, John Q. Hammons Hotels & Resorts, Vistar (a division of Performance Food Group) and Philips Lighting Company (a division of Philips Electronics). For more information, please visit www.reactornet.com.