SOURCE: Lavante Inc.

Lavante Inc, Connecting Companies and Suppliers, Recovery Audit, Supplier Information Management Solutions

April 12, 2016 09:05 ET

Lavante Continues Trend of Phenomenal Growth Through Q1 2016

Lavante Enjoys Continued Revenue Growth, New Client Acquisition, and Record Sim Bookings Through Q1 2016

SAN JOSE, CA--(Marketwired - April 12, 2016) - Lavante, the leading provider of SaaS solutions for Profit Recovery and Supplier Information Management (SIM), today announced strong growth and record results through the first quarter of 2016 in terms of revenue, bookings and new client acquisition.

Lavante rolled along in the first quarter of 2016, experiencing 2.4X growth in bookings for their award winning SIM solution suite over the same period from last year. The bookings amount also marked a record for the company for Q1 results in any year. At the same time Lavante, once again, out-produced their revenue projections for a quarter. The company also saw multiple major client wins for both product lines, Lavante Recovery and Lavante SIM across multiple industries including health care, retail, manufacturing, defense, transportation, wholesale, and energy.

"Major enterprises from different market segments and industries across the world are placing increased importance on the underlying supplier data that drives their Procure-to-Pay initiatives," states Lavante Co-founder and CMO Tom Flynn. "More than ever before, companies are coming to us and seeking out solutions to better manage suppliers and supplier data." 

Flora Pletman, Sr. Manager, Cash Operations at Gensler, the world's leading design and architecture firm with over 4,000 employees in offices across 16 countries underscored the importance of the Lavante solution, "Supplier data quality is critical to the success of our firm. Better access to suppliers and more reliable data is vital for compliance and operations to run efficiently and hit our goals."

Lavante's top line success and new customer acquisition comes in parallel to a number of other major company milestones during the quarter:

  • Lavante secured major partnership alliances with Taulia Inc and Beroe Inc -- the leading providers in the Supply Chain Finance and Procurement Intelligence markets respectively. 
  • Lavante released a plug-and-play version of its award winning SIM solution suite into the Mid-Market.
  • Two Lavante executives -- Tom Flynn, along with Doug Markle, SVP of Worldwide Sales -- were both recognized as "Pros to Know" by Supply & Demand Chain Executive Magazine
  • Lavante launched a five-part Spring Webinar and Thought Leadership series aimed at educating the market on the importance of Supplier Data Quality. 

About Lavante
Lavante is the leader in on-demand supplier information management and recovery audit solutions. Built on the patented Lavante Connect Platform, Lavante solutions generate and delivers the highest-quality data to clients and suppliers while syndicating data solutions to partners throughout the P2P ecosystem. Lavante data optimizes supplier value and supports better decision making across enterprise environments. Lavante solutions are deployed across Fortune 1000 companies including the hospitality, retail, entertainment, manufacturing, and medical industries. Headquartered in San Jose, California, Lavante is privately held and was founded in 2001. For more information please visit www.lavante.com.

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