LogicSource’s OneMarket Technology Receives Spend Matters’ “50 To Watch” List for Second Consecutive Year

Norwalk, Connecticut, October 27 February 2022 /PRNewswire/ — LogicSource, a leading provider of purpose-built procurement services and technology solutions, announced today that it has been named to Spend Matters’ 2022 50 To Watch List for the second year in a row. Based on months of extensive research, customer references and a data-driven approach, the list recognizes the fastest-growing technology providers in the procurement and supply chain markets.

LogicSource was selected for its OneMarket® technology suite, a services and data-enabled platform that automates the procure-to-pay procurement lifecycle, comes with pre-built tools and templates, and is Portfolio spending market intelligence and price-driven benchmarks. Designed by practitioners for practitioners, OneMarket provides industry-leading procurement automation and value realization for the world’s most recognized brands in one integrated platform.

“We are honored to be recognized as a leader in procurement technology for the second year in a row,” said David Pennino, founder and CEO of LogicSource. “Our mission is to provide procurement professionals with best-in-class technology, expert support services and critical market intelligence to help them create value for their organizations. OneMarket’s redesigned and fully integrated user experience, coupled with , spending matters further strengthen our momentum.”

The “50 Suppliers to Watch” list recognizes leading suppliers in the procurement and supply chain industries who continue to develop innovative products to further enhance the capabilities of the procurement department. The list, compiled after multiple rounds of debate by Spend Matters’ technology analysts, assesses the capabilities of companies in 10 sourcing technology market segments and reflects their unbiased, independent views of vendors.

“OneMarket, a suite provider powered by BPO company LogicSource, has completed an extraordinary transformation in 2022, placing its technology offering front and center,” Nick Heinzman, Vice President of Research at Spend Matters. “One $180 million External growth investments should play a considerable role in driving further growth and product expansion, which certainly makes OneMarket a vendor to watch closely. “

For more information about LogicSource and its OneMarket platform, please visit www.logicsource.com.

Regarding the logic source:
As an innovation leader in procurement services and technology, LogicSource aims to drive profit, reduce risk and ensure supply chain continuity through better procurement. LogicSource focuses on the procurement and procurement of indirect goods and services, which typically account for 20% of an organization’s revenue and where spending inefficiencies are the most severe. These include complex categories such as marketing, packaging, corporate services, facilities, information technology, distribution and logistics, and organizations often lack the capability, focus, and scale to enable best-in-class buying. Unlike traditional advice-based advisors, LogicSource is a purpose-built buying utility with assets that are configured to the client’s needs and ready to deploy. By combining decades of sourcing and sourcing expertise, superior market intelligence, cross-portfolio spend leverage, and their OneMarket® Source-to-Pay technology, LogicSource executes customized solutions that deliver immediate savings and sustainable value . For more information, visit www.logicsource.com.

Regarding expenses:
Spend Matters is the leading source of solution intelligence for procurement and supply chain professionals. Combining in-depth technical analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is regarded by CPOs, advisors, investors and solution providers alike as their sourcing technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.

Media Contact:
Prosek Partners on behalf of LogicSource
Alex Otenstein



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