Freemarkets Inc. - FMKT- Profile

Freemarkets Incorporated. The Group's principal activity is to provide software, services and solutions that enable companies improve their sourcing, supply management processes and enhance their supply management capacity. The software and services provided helps companies identify savings, enhance their sourcing efficiency and achieve their strategic sourcing goals by enabling them to source goods & services in our online markets. The solutions provided combines software, services and information to address the GSM market that helps companies lower costs and reduce their supply risks. The sourcing solutions portfolio includes FreeMarkets(R) GSM Solutions, FreeMarkets(R) FullSource(TM), FreeMarkets(R) QS(TM), FreeMarkets(R) ES(TM) and FreeMarkets(R) Spend Visibility Solution.The customers include buyers of industrial parts, raw materials, commodities and services. It serves its customers from 17 locations in 13 countries on five continents. During the year, the Group acquired Covisint LLC Provides software, services and solutions that enable companies to improve their sourcing and supply management processes