Sievo is a Finnish software as a service (SaaS) company that specializes in procurement analytics.

History

Sievo was founded in 2003 by Sammeli Sammalkorpi[1] and Matti Sillanpää in Helsinki. In 2017, a subsidiary corporation, Sievo Inc., was established in Chicago, Illinois, USA, and in 2022, a second subsidiary named Sievo Procurement Analytics S.R.L. was founded in Bucharest, Romania.

In 2022, Sievo announced $44 Million growth investment from Susquehanna Growth Equity.[2]

Technology

Sievo software provides procurement analytics solutions for spend analysis, contract management, CO2 analytics, spend forecasting and benchmarking.[3]

Sievo has been listed in the Spend Matters Almanac’s 50 procurement providers to know for 2023[4] and has received the Procurement Technology Award from the World Procurement Awards, organized in association with Ivalua.[5]

References

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  1. ^ "Vuoden ohjelmistoyrittäjä on sujuvapuheinen koodari, joka haluaisi muuttaa työelämää leikkisämpään suuntaan". www.talouselama.fi. 9 December 2021. Retrieved 30 January 2024.
  2. ^ "Sievo Raises $44M to Grow Procurement Analytics Platform in US, Europe". www.pymnts.com. 19 September 2022. Retrieved 19 January 2024.
  3. ^ "Top 10 Procurement Companies in the UK & Europe". www.procurementmag.com. September 2023. Retrieved 19 January 2024.
  4. ^ "Vendors to Know in 2023". www.spendmatters.com. Retrieved 19 January 2024.
  5. ^ "World Procurement Awards 2023 Winners Announced" (PDF). www.accelerate.procurementleaders.com/. 18 June 2021. Retrieved 30 January 2024.