Globality Recognized as HFS Hot Vendor by HFS Research
Globality, the technology company behind the leading AI-powered digital Platform for sourcing complex, enterprise services, has been recognized as an HFS Hot Vendor by HFS Research, the leading analyst advisory authority covering global IT services, emerging technologies and business operations.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210420005687/en/
(Graphic: Business Wire)
In the HFS Hot Vendor Report Q1 2021, HFS commends Globality for having “an innovative solution for smart self-sourcing utilizing the combination of automation, AI, and analytics,” while noting that “early mover advantage in the self-service procurement space provides a competitive advantage.”
As the report highlights:
“With Globality’s sourcing platform, enterprises can embark on intelligent self-service procurement that helps them understand the risks of what they buy, effectively collaborating with stakeholders during the sourcing process, identifying the right partners to drive value, improving efficiency, and increasing the speed of the procurement function. Globality is well positioned to drive digital transformation in the sourcing industry and grow its business.”
“Globality impresses with its Smart Sourcing Platform that empowers procurement leaders to make data-driven sourcing decisions aligning to not only their business goals but also their organizations’ wider sustainability and diversity goals,” said Ramanan Rajagopalan, Consulting Director, and Reetika Fleming, Vice President of Research, HFS who co-authored the report.
“Having this recognition from HFS is tremendous validation of how the industry and our customers view the differentiation of our Platform,” said Keith Hausmann, Chief Revenue Officer, Globality. “With the deep expertise HFS has in evaluating innovative technology solutions, it’s especially meaningful that they recognize the unique value of our AI-driven platform, which eliminates the challenges of the traditional sourcing process and enables companies to gain strategic value and increase competitive advantage as they transform how they buy and sell services.”
HFS Hot Vendors are service and technology providers selected by HFS’s expert analysts to help companies identify innovative ideas that solve today’s complex business problems and capture market opportunities.
This recognition makes Globality part of “an exclusive group of emerging players, each with a differentiated value proposition, based on their offerings’ distinctiveness, ecosystem robustness, client impact and financial position,” according to HFS.
The report is available here on Globality’s website.
Globality is a Silicon Valley-headquartered technology company co-founded by Joel Hyatt and Lior Delgo to connect global companies with the best suppliers at the right price for any sourcing need across every service category. Through its AI-powered platform and Smart Sourcing® technologies, Globality is bringing digital transformation to the sourcing industry. Globality’s AI digital solution replaces the archaic analog Request for Proposal, efficiently and effectively scoping needs, managing demand, matching companies with outstanding suppliers that meet their specific service needs and cutting the sourcing process from months to hours while delivering savings of 20% or more. In January 2021, Globality raised $138 million from Sienna Capital and the SoftBank Vision Fund, bringing the total investment it has raised since its founding five years ago to $310 million. For more information, visit Globality’s website at www.globality.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Nardi Media for Globality
External Communications Team
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
The Council of the Hong Kong Laureate Forum Announced Deferment of Its Inaugural Hong Kong Laureate Forum to November 202218.5.2021 11:01:00 EEST | Press release
Given the prevailing situation of the COVID-19 pandemic, the progress of global and local vaccinations, as well as the global position on safe travel, the Board of the Council of the Hong Kong Laureate Forum Limited (the HKLF) has decided after careful consideration that the inaugural Hong Kong Laureate Forum (the Forum), originally scheduled to be held on 15-20 November 2021, would be deferred for one year to November 2022. Importance of going face-to-face The Board of the HKLF came to the view that the Forum should ideally be conducted in face-to-face mode given that the main aim of the Forum is to inspire young scientists by providing a platform of direct exchange amongst participating Shaw Laureates and young scientists. However, with the current situation of the pandemic, it is uncertain that safe and unrestricted international travel could be resumed in time for in-person meeting. Professor Timothy W. TONG, BBS, JP, Chairman of the HKLF, is confident about delivering a successful
Virtuozzo Reveals New Hybrid Cloud Solution, Designed Specifically for Managed and Cloud Service Providers18.5.2021 11:00:00 EEST | Press release
Virtuozzo, a global leader in high-efficiency virtualization and hyperconverged software solutions, has announced the availability of its newest product, Virtuozzo Hybrid Cloud. The solution enables Managed Service Providers (MSPs) and Cloud Service Providers (CSP) to design, build and sell modern cloud services to customers quickly and more cost-effectively than traditional hyperscalers. The cloud infrastructure market continues to experience strong growth as businesses become increasingly more dependent on cloud-based resources. This evolution presents an opportunity for service providers to carve out an alternative to the often complex and expensive traditional cloud providers. According to Liam Eagle, Research Director, 451 Research, a part of S&P Global Market Intelligence, “As the breadth of organizations seeking cloud solutions continues to grow, a gap in the skills necessary to navigate the complexities of the most advanced cloud platforms is a common limitation. This presents
CSC Expands Its Funds Services Footprint with New Irish Depositary License18.5.2021 11:00:00 EEST | Press release
CSC, the world’s leading provider of business, legal, tax, and digital brand services, has secured a specialised depositary license from the Central Bank of Ireland. On the heels of obtaining CSC’s Irish fund administration license last year, the depositary license further enhances the company’s capabilities in Ireland and advances CSC’s long-term strategy of providing a comprehensive suite of multijurisdictional alternative investment, capital markets, and corporate solutions in key global financial centers. “We’re delighted to be among the first companies to receive authorization to act as a depositary of assets other than financial instruments in Ireland,” said Paul Whelan, managing director of depositary services for CSC Global Financial Markets in Dublin. “I’d like to thank the Central Bank of Ireland for engaging with us throughout the process. This license allows us to provide our clients with additional services while delivering the high level of support and expertise they expe
GLEAMER Publishes in the Prestigious Journal 'Radiology' The Compelling Results of a Clinical Study (AI in Radiology)18.5.2021 11:00:00 EEST | Press release
GLEAMER, a French med-tech company that develops AI-based diagnostic aids for radiology, announces that the results of a clinical study evaluating the performance of BoneView®, its AI solution for fracture detection on radiographs, have been published in the prestigious journal "Radiology". "To our knowledge, this is the first study that evaluates the performance of AI-assisted reading for radiographic fracture detection over the entire appendicular skeleton and on multicenter data," says Dr. Loïc Duron, radiologist at the Adolphe de Rothschild Foundation Hospital (Paris), and first author of the study. “With this publication, the international scientific community validates the quality and robustness of the results generated, in a context where several solutions are marketed without published objective results," added Prof. Antoine Feydy, MSK radiologist at Cochin Hospital (Paris). 600 adult patients in whom radiographs were obtained after a recent trauma, at 17 imaging centers, were
REPLY: New Research Entitled “E-commerce Trends: Mobility and Car Sales” Looks at the Current Perception of the Concept of Mobility and Analyses the Latest Technological Trends18.5.2021 10:30:00 EEST | Press release
Through its proprietary Trend Sonar trend monitoring platform, Reply recently conducted a study to examine how the e-commerce model has evolved over time – particularly in the automotive domain – revolutionising the sector and consequently influencing customer expectations. A digital approach and a strong online presence have become indispensable in the automotive sector, especially since last year when the global pandemic placed the digital realm in a preferential lane, rewarding businesses that have been able to change their business model quickly in favour of digitisation. Over the past year (more specifically from April 2020 to March 2021), analysing the frequency of mentions of millions of online sources – expert media articles, mass media, patents and scientific publications – Reply’s Trend Sonar monitoring platform has, indeed, confirmed a 61% growth in content related to automotive e-commerce compared to the previous 12 months. An evolution that starts from afar. The automotive
Latest Cloud Survey From Denodo Reveals Advanced Workloads Moving to the Cloud While Hybrid and Multi-Cloud Management Skills Are in High Demand18.5.2021 10:00:00 EEST | Press release
Data virtualization leader Denodo’s fourth annual cloud usage survey finds organizations are accelerating their cloud journey to take advantage of its flexibility, control costs, speed time-to-market, and simplify data management. According to survey respondents, which included 150 global business and IT professionals from various industry sectors, hybrid-cloud deployment remains the dominant choice, as more than a third of these organizations (35 percent) use this model. Private cloud has shown some vibrant usage, accounting for almost a quarter of all workloads (24 percent), followed by public cloud, which remained almost flat at 16 percent. Multi-cloud remains a popular choice for almost one in ten organizations (9 percent) who opt to procure best of breed applications, data repositories, and infrastructure orchestration technologies among different cloud service providers to avoid a single vendor lock-in. This press release features multimedia. View the full release here: https://w
Celltrion Confirms Neutralising Potency Against Emerging SARS-CoV-2 Variants With Anti-COVID-19 Monoclonal Antibody Treatment regdanvimab (CT-P59)18.5.2021 09:39:00 EEST | Press release
Celltrion Group today announced that CT-P59, an anti-COVID-19 monoclonal antibody treatment candidate, has confirmed neutralising potency against emerging variants first identified in New York (B.1.526), Nigeria (B.1.525) and India (B.1.617).1 The Korea Disease Control and Prevention Agency (KDCA) has assessed the test by combining the antibody with recent emerging variants first identified in New York (B.1.526), Nigeria (B.1.525) and Brazil (P.1); infecting the host cell with this combination to identify neutralising effect against the variants with CT-P59. The monoclonal antibody candidate CT-P59 demonstrated strong neutralising capability against the New York (B.1.526) and Nigeria (B.1.525) variants and produced neutralising titers against the Indian variant (B.1.617) in an in-vitro pseudo virus assay.1 The company plans to study neutralising titers against additional emerging strains, including the Brazil variant (P.1)2, in order to proactively address the pandemic as the virus con
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom