CombineNet
Acquired by Jaggaer
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CombineNet Snapshot
CombineNet is trying to outbid the standard online auction application. The company's online procurement and strategic decision support software helps companies manage their bulk purchasing processes. Its system allows potential bidders to propose a variety of terms for each deal and then finds the optimal bid based on a given set of parameters. CombineNet serves commercial customers in such industries as consumer goods, retail, transportation, and energy; it also serves public sector customers. Clients include Best Buy, General Mills, and Siemens. The company, which was founded in 2000 by chief scientist Tuomas Sandholm, has received capital investments from Revolution Ventures and Sherpalo.
