# Ivalua acquires Directworks to strengthen direct materials management

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.

- Type: Acquisition
- Announced: 2017-11-14
- Where: United States
- Status: completed
- Products: cloud-based spend management software, direct materials management platform
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ivalua](https://endata.com/companies/9598.md) (acquirer)
- [Directworks](https://endata.com/companies/28123.md) (target)

## Sources

- [drapertriangle.com](https://drapertriangle.com/ivalua-acquires-directworks-strengthen-direct-materials-management-capabilities/), 2017-11-14: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.