Commerce Decisions
Commerce Decisions delivers proven software, best practice knowledge and expert services to assist in high risk sourcing projects.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 | round | |
£9.9m Valuation: £9.9m | Acquisition | ||
| Total Funding | 000k | ||
| GBP | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 5 % | 8 % | 25 % | (2 %) | (8 %) | 81 % | 33 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 29 % | 37 % | 33 % | 22 % | 14 % | 18 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 24 % | 17 % | 20 % | 24 % | 20 % | 14 % | 9 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Established in 2001, Commerce Decisions is a provider of software and expert services designed to support complex and high-risk procurement decisions. The company was founded by four individuals who identified a need for a specialized evaluation solution in a market dominated by e-tendering tools. One of the founders, Peter Marshall, brought 20 years of experience in strategic public sector procurement and a decade in software process improvement and requirements management to the company. After initial growth supported by angel investors and venture capital, the company was acquired by QinetiQ in 2008 for nearly £10 million. In November 2020, N. Harris Computer Corporation, a subsidiary of Constellation Software, acquired Commerce Decisions from QinetiQ for £10 million.
Commerce Decisions operates in the procurement software market, serving both public and private sector clients involved in strategic sourcing projects. Its client base includes most UK central government departments, the National Health Service, local authorities, and organizations in sectors such as defense, infrastructure, and commercial industries across several countries including the UK, Australia, Canada, and the United States. The business generates revenue through software licensing, secure hosting, consultancy, training, and maintenance services.
The company's flagship product is the AWARD® Solution, a web-based platform that assists buyers and bidders with the tender assessment and management process. This solution is designed to enhance the effectiveness of evaluations and provide a clear audit trail for decisions, which is particularly beneficial for high-risk and strategic procurements. The AWARD® suite includes modules such as AWARD-Plan, AWARD-Prepare, and AWARD-Execute, which cover different stages of the procurement process. The platform's key features support market engagement, criteria development, weighting, and evaluation, aiming to ensure that procurement teams can make well-informed decisions. For suppliers, the software aims to improve the quality of bids and maximize their potential for winning contracts. The company also offers a range of support services, from a standard helpdesk and knowledge base to enhanced support packages like ExpertAssist and ExpertAssist+, which provide access to procurement experts for guidance and configuration assistance.
Keywords: procurement software, tender evaluation, strategic sourcing, bid management, public sector procurement, government procurement, defense procurement, supplier management, risk management, procurement services, evaluation software, tender management, acquisition support, complex procurement, contract management, procurement consulting, e-procurement, procurement analytics, sourcing software, supplier evaluation