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Ivalua, a cloud spend management company, acquired Directworks, a provider of cloud-based direct materials management for manufacturers. The acquisition aims to enhance Ivalua's capabilities in managing direct materials and supplier collaboration.
“Ivalua, a global leader in Cloud Spend Management, today announced that it has acquired Directworks to better enable customers to manage direct materials and serve the needs of the manufacturing industry.”drapertriangle.com
Summarized from public sources; check the original articles before acting on it.