The shareholders of Mobile Workers have sold the company to BravoSolution SpA, a subsidiary of Italcementi SpA, for US$6 million.
Mobile Workers provides spend analysis and purchasing performance tools. Its spend analysis solution collects and analyses expenditure to review the performance of a procurement strategy. The company was founded in 2000 and is based in Noiseau, France. Its expertise and professional approach have made Mobile Workers a leading publisher of analytical solutions and expenditure performance for the purchasing function. Some of Mobile Workers' clients include Nexans, Alcatel, Lafarge and Michelin.
BravoSolution SpA provides supply management software and services for sourcing and procurement organizations. Its suite of software products include, among others, Program Management that facilitates the rollout of re-usable program and process management; Spend Visibility delivers a solution to analyze spending patterns for monitoring compliance and identifying sourcing opportunities; and Sourcing solutions delivers tools for creating, collaborating, publishing, negotiating, and analyzing auctions and RFX's. The company was founded in 2000 and is headquartered in Milan, Italy, with additional offices in China, France, Mexico, Spain, the Netherlands, the United Kingdom, and the United States.
Oaklins' team in France advised the seller in this transaction.
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