PREMIUM CONTENT: Webinar replay: How to match a VMS to your Contingent Workforce Program requirements And just prior to acquiring Ariba, SAP bought SuccessFactors for $3.4 billion in December 2011. In the CWM world, we typically know SAP and Ariba (acquired by SAP for $4.3 billion in May 2012) as a purchase order system to punch-out to, or to map an approval hierarchy, or maintain cost center and location data. While this should provide some comfort to those fearing disruption in an area they are happy to have finally stabilized, it is uncertain how long that status will remain.įieldglass is SAP’s third significant cloud-based acquisition covering e-procurement and online talent management.
Going forward. We have been told it will be business as usual at Fieldglass, that there are no plans for immediate changes to leadership, staff or direction. The acquisition by SAP serves as validation of the industry, validation of Fieldglass’ planned trajectory, and validation of the SaaS company they built and how they built it. Most important, however, is that Fieldglass won its leading market share with a high-integrity, competitive intensity that continues to stoke innovation across the industry.īut it’s big news to the industry as a whole and Brimm summed it for me in one word: validating. Furthermore, Fieldglass has been the leading propellant of market growth, disproportionately contributing to the 21 percent growth in global nonemployee services spend under VMS management. Fieldglass’ financial success is a testament to the growing value of CWM as an industry and concept. Indeed, founder and CEO Jai Shekhawat and the entire Fieldglass team deserve a hearty congratulations from all of us in the contingent workforce management (CWM) industry. When I heard from Rob Brimm, Fieldglass EVP of Global Sales that day, I could hear the smile in his voice, earned by setting a lofty goal and attaining it. The biggest of the big guys - which VMS providers have been painstakingly differentiating themselves from for over a decade - would be acquiring the market-leading VMS. It’s been six weeks since the announcement came out that SAP would acquire Fieldglass.
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