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Arkestro (Formerly Bid Ops) Named Value Leader in Fall 2021 Spend Matters’ SolutionMap


Spend Matters SolutionMap Value Leader

In November of 2021, Spend Matters announced that they added Arkestro (formerly Bid Ops) to the Spend Matters’ Fall 2021 SolutionMap. Spend Matters has named Arkestro a Value Leader for the small, medium, and large businesses categories. This is Arkestro’s first inclusion in the influential procurement industry technology benchmark, which ranks 68 leading solutions across 12 key technology areas. Spend Matters has previously recognized Arkestro as being a “Future 5” solution, a “Provider to Know,” and a “Provider to Watch.”

Spend Matters SolutionMap 2021

This achievement comes at a landmark time for Spend Matters. 2021 marks just the second major revamp of SolutionMap since its 2017 launch. New for 2021 are updated technology categories, a more focused RFI, and new “market personas.” The evaluation for inclusion on the list involved Spend Matters analysts rigorously testing solutions to provide detailed functionality-based scores. In addition, they included over 900 customer reference scores to account for “real-life” feedback on how systems performed.

Arkestro making Spend Matters’ Fall 2021 SolutionMap amid fierce competition is a significant accomplishment. Placing so highly in the rankings on its first appearance against so many established procurement solutions is a testament to its advanced capabilities and focus on customers.

“There are massive untapped opportunities for predictable, repeatable cost savings with resilient, high-performing supplier relationships.“ said Edmund Zagorin, CEO and Founder of Arkestro. “We’re honored to receive this recognition, and it’s a credit to our trailblazing customers who have leveraged Arkestro to deliver great results to their business stakeholders.”

Founded in 2004, Spend Matters is the global content community and hub for procurement, finance, treasury, and supply chain professionals. SolutionMap launched four and half years ago, and its rankings have been consulted by over 220,000 procurement professionals.

The Fall 2021 revamp of Spend Matters SolutionMap incorporates recent innovations in the industry while accounting for new functionality and evolving industry standards. Reflecting the complexity of the procurement market, the Fall 2021 Spend Matters SolutionMap evaluates 500+ RFI requirements. They span 12 categories of procurement technology and the following 10 market personas:

Our focus on innovation and exceeding the expectations of our customers has paid off with a rising profile and growing recognition within the procurement industry. With a global pandemic and supply chain disruption wreaking havoc, Arkestro’ Predictive Procurement Orchestration capabilities, including AI-powered forecasting, have proven invaluable. It’s kept organizations ahead of shortages and disruptions, helped procurement teams to continuously exceed their targets despite the many challenges, and driven savings.

To learn why Spend Matters’ analysts ranked Arkestro AI-powered predictive procurement software as SolutionMap’s Value Leader, book a free demo. Read full details on the Fall 2021 Spend Matters’ SolutionMap procurement technology benchmark rankings here.

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Rob DeSantis

Founder

As a former co-founder of Ariba running sales, Rob has deep expertise in the procurement space, having helped propel Ariba from zero to $250 million in revenue in four years and IPO of the year in 1999 before its acquisition by SAP a decade later. In addition to co-founding Ariba, Rob was also an early angel investor and board member of LinkedIn, the world’s largest professional online network.

More recently, Rob served as an investor and advisor to a small portfolio of companies including Bloom Energy, AEye, Inc., HiQ Labs, Agiloft, USEND and more. He is also a co-founder of Dibbs Technology and TrueParity. Rob holds a BSME from the University of Rhode Island.

Marty Meyer

Chief Financial Officer

A trusted partner and advisor on the executive team, Marty has a unique background having been the CFO of nine venture backed technology companies. Marty has raised over $300M in venture funding and has closed six strategic M&A transactions with a combined value of over $1B. Marty has deep domain expertise in ecommerce, consumer internet, networking, data security, data privacy, media technology and enterprise software industries. Marty is especially experienced in the finance and operations activities of SaaS companies and is driven by data and metrics to help create outstanding customer experiences and drive efficient growth.

Neil Lustig

President and Chief Operating Officer

Neil is a seasoned executive with over 30 years of experience leading and building teams in Tech. Neil brings insights from a variety of market spaces and company sizes. Most recently Neil was the CEO of GAN Integrity, an innovative SaaS Compliance technology company serving enterprise customers in North America and Europe. Before that Neil was the CEO of Sailthru, a leader in ML driven personalized multi-channel marketing communications for media and e-commerce markets. Prior to that Neil was the CEO of Vendavo, the leader in B2B price optimization and management for large enterprises. Before Vendavo, Neil led the commercial team at Ariba, the market pioneer that defined and created the eProcurement space. Neil served as the GM of Ariba Europe and subsequently the GM of Ariba North America. Neil started his career at IBM where he spent sixteen years, initially as a software developer, and then twelve years in a variety of Sales and Marketing roles

 

Neil has a BS in Computer Science and Applied Mathematics from SUNY Albany. He is a native New Yorker, Brooklyn born, and still resides with his wife and three children in New York City.

Bonnie Adams

Director of People Operations

Bonnie is a People Operations and HR veteran, with over a decade of experience establishing successful people and culture functions for early to mid-stage tech startups going through high growth phases. She has a passion for supporting and creating inclusive and collaborative work environments and is well-versed in driving positive changes in her organizations as a trusted leader. Prior to joining Arkestro Bonnie worked as the People & Culture Coordinator for Ionic Security, helping them scale from 5 to over 200 employees in addition to a $120M funding round. Most recently she was the Head of People & Culture for blockchain innovator Storj Labs and was the Director of Human Resources at PrizePicks, the largest independently owned Daily Fantasy Sports platform in North America.

Arym Diamond

Chief Revenue Officer

Arym Diamond joined Arkestro in January 2022 bringing over 20 years of experience in the enterprise software and consultancy industry.  He is responsible for the worldwide go-to-market revenue strategy. Prior to Arkestro, Arym was Chief Revenue Officer at CalAmp focused on Telematics and Logistics. He also served as the area vice president of North American Sales within the Salesforce.com Enterprise Business unit for Einstein Analytics & AI, where analytics and machine learning were re-imagined for the front office.  Prior to that, he spent over 10 years at Oracle in various sales positions. Arym holds an MBA from the University of Southern California Marshall School of Business, and an undergraduate degree from California State University.

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