Dubai, UAE, April 22, 2018: JAGGAER, the world's largest independent spend management company, today announced a record breaking quarter in terms of global revenue, new customer orders, and bookings growth.
JAGGAER ended CQ1 2018 with bookings that were up over 37% compared to the fourth quarter of last year.
JAGGAER added 40 new customers in the US, APAC and EMEA including their joint venture in the Middle East Tejari, representing manufacturing, retail, education, materials handling, distribution, life sciences, consumer packaged goods, public sector, electronics and business services.
This reflects JAGGAER's focus on providing specific solutions to vertical industries. JAGGAER now serves nearly 1900 customers globally.
Many of these companies took advantage of JAGGAER's Source to Pay solution encompassing JAGGAER's Advantage, Indirect and Direct spend management solutions.
“The results of our first quarter are a solid validation of our business strategy, the strength of our solutions and the market demand for spend management tailored for specific industries.
It's by listening to customers that we are able to deliver what the market needs.
Our aggressive technology roadmap will continue to enhance our Source to Pay solutions,” says Robert Bonavito, CEO, JAGGAER.