FairMarkIT Selected for the Oracle Scaleup Ecosystem Accelerator and Nominated for Future of Sourcing Award

6/6/18 – FairMarkIT today announced that it has joined the Oracle Scaleup Ecosystem program and has been nominated for a Future of Sourcing Award through the Sourcing Industry Group (SIG). FairMarkIT is a Boston-based procurement startup, focused on tail spend management.   FairMarkIT will work with the Oracle Scaleup Ecosystem, the global resources, cloud technology and expertise offered, as the company moves into its next phase of growth. Through their SIG nomination, the inaugural Future of Sourcing Awards program recognizes FairMarkIT as an organization that shows innovation, leadership and transformation in the sourcing industry.   FairMarkIT’s Tail Spend Solution delivers…


FairMarkIT Raises First Institutional Fundraising Round to Transform Procurement

BOSTON, May 24, 2018 FairMarkIT is proud to announce its first round of institutional funding and their new board of directors. FairMarkIT is a Boston-based tail spend management firm and will use this funding to support their continued growth. The Board of Directors will provide leadership and guidance as they oversee the ongoing activities of the organization. FairMarkIT's SaaS platform enables companies to achieve increased savings on their tail spend purchases, by delivering a highly functional product to mitigate risks, reduce costs and drive business value. Gathering insights from unstructured tail spend data and applying machine learning techniques to automate RFQs, FairMarkIT's…