SOURCE: K2 Sourcing, Inc.

K2 Sourcing, Inc.

April 18, 2011 13:00 ET

IT Research Leader Gartner Selects K2 Sourcing as "Cool Vendor"

MILWAUKEE, WI--(Marketwire - Apr 18, 2011) - K2 Sourcing, the service leader in eSourcing and Reverse Auction solutions, was selected as one of three "Cool Vendors" by Gartner in the annual report, "CoolVendors in Procurement and Sourcing Technology, 2011" (ID G00211077 by Deborah R. Wilson). Gartner, Inc. is the world's leading information technology research and advisory company with 4,400 associates, including 1,200 research analysts and consultants, and clients in 85 countries. K2 Sourcing was chosen by researchers as "Cool" due to positive feedback from clients and for providing innovative solutions.

Both government and private sector organizations are aggressively looking for creative ways to control costs and work more effectively and efficiently. K2 Sourcing provides web-based eSourcing and reverse auction applications designed to do just that -- help organizations purchase goods and services more efficiently while at the same time achieving a lower total purchase cost for those goods and services. K2 Sourcing additionally offers support services to help organizations maximize the results of utilizing the technology.

Matt Miller, President of K2 Sourcing, states, "When research clearly demonstrates the use of such technology saves millions of dollars for both private and public sector entities, one can clearly see the continuing increase in the adoption of eProcurement and eSourcing technology." As an example, the US Post Office released that they saved over $100 Million Dollars after adopting the technology.

Miller further explains, "There are many vendors in the Procurement and Sourcing Technology market. To be recognized by Gartner as a result of client feedback and innovative solutions is a tremendous honor and provides affirmation for our mission to provide the best service in eSourcing."

About K2 Sourcing: K2 Sourcing provides SaaS eSourcing applications including vendor registration, Reverse Auction, eRFP, eRFI, eRFB, eQuotes - eRfx. Applications are supported by the Best Service in eSourcing from support and technical writing to event management and global sourcing. More about K2 Sourcing may be found at: www.k2sourcing.com

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