LogicSource
- Company typePrivate
- Founded2009
- HeadquartersNorwalk, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What LogicSource does
LogicSource is a privately held procurement services and technology provider headquartered in Westport, Connecticut, founded in 2009 and operating as a portfolio company of growth equity investor FTV Capital since April 2022. The company focuses exclusively on indirect expenditures, which it estimates typically represent more than 20% of a client's revenue, delivering a combined offering of managed procurement services and the OneMarket Source-to-Pay SaaS platform.
The OneMarket platform comprises five integrated modules: OneMarket Insights (spend analytics with monthly data refreshes, supplier diversity enrichment, and visualization recommenders), OneMarket Portfolio (sourcing project pipeline management), OneMarket Sourcing (RFx event execution with pre-built templates), OneMarket Contracts (contract repository with bulk upload, access controls, and milestone triggers), and OneMarket Procure-to-Pay (procurement workflow completion). The platform is fueled by $65 billion in cross-portfolio spending market intelligence built on $200 billion in cross-industry spend benchmarks, and is delivered alongside a network of 100+ ready-to-deploy category experts and on-site program management. Revenue mechanics combine multi-year managed services engagements (Procurement-as-a-Service) and SaaS subscriptions under an investment-based outcome model, with claimed 4-15x ROI for clients.
LogicSource serves enterprise clients in healthcare (Cleveland Clinic, Stanford Medicine, Ochsner, MUSC Health, Sutter Health, Allina, Hartford Healthcare, UVM Health, VCU Health, SSM Health, OSF Healthcare, Wellspan, Lumeris), retail (Dollar Tree, Lululemon, Subway, Tractor Supply, Gap, Bath & Body Works, Planet Fitness, Columbia Sportswear, Family Dollar, Aritzia, The Fresh Market, GNC, DSW, Bealls, Shutterfly), financial services (Prudential, The Hartford), consumer goods (GSK), education (McGraw Hill, Wiley), wholesale (C&S Wholesale Grocers, Breakthru Beverage), sports (UFC), and energy (Wood Mackenzie). The company reports 400+ employees, executes more than 40,000 sourcing events annually, and has grown revenue at triple-digit rates across four consecutive Inc. 5000 recognitions (2020-2024) and Financial Times Americas' Fastest Growing Companies lists in 2024 and 2026.
LogicSource firmographics
Firmographics- Name
- LogicSource
- Legal name
- LogicSource, Inc.
- Website
- https://logicsource.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
LogicSource industry classification
Industry- Product category
- Procurement Software
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Purchase-to-Pay (P2P) Operations (BPAAAJAA)
- akta.pro secondary industry
- Vendor Master Data Management & Onboarding (BPAAAJAB)
Keywords
Where LogicSource is headquartered
LocationHeadquarters
- HQ city
- Norwalk
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
LogicSource business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Procurement Services: Managed services encompassing all critical components of successful sourcing and buying - managed services delivered by a network of 100+ ready-to-deploy category experts, onsite program management, and a world-class supplier ecosystem. Delivered as 'procurement as a service' with configurable assets ready to deploy.
- Technology Subscriptions (OneMarket): SaaS technology platform subscription enabling source-to-pay lifecycle automation. Fully integrated modules for insights, portfolio, sourcing, contracts, and procure-to-pay. Fueled with expert services and market pricing data.
- Outcome-Based Model: Investment-based business model ensuring clients don't spend a dime until they see results. Proven engagement model delivering 4-15x ROI.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom engagement model based on client needs |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
LogicSource product offering
Product offeringCore offering
LogicSource provides procurement services and technology focused exclusively on indirect expenditures for enterprises. The company delivers Procurement as a Service—managed sourcing and buying delivered by a network of 100+ category experts—and the OneMarket Source-to-Pay SaaS platform, which automates spend analytics, sourcing, contracts, and procure-to-pay. Together these offerings help consumer-facing enterprises reduce indirect spend, which typically represents more than 20% of company revenue.
Product overview
LogicSource operates a platform-plus-modules architecture built around the OneMarket® Source-to-Pay technology platform. OneMarket serves as the core integrated SaaS solution, which LogicSource fuels with expert procurement services and market intelligence. The platform comprises five integrated modules: OneMarket Insights® (data analytics and spend intelligence), OneMarket Portfolio® (project and pipeline management), OneMarket Sourcing® (RFx execution and event management), OneMarket Contracts® (contract lifecycle management), and OneMarket Procure-to-Pay® (procurement workflow completion). These modules work together as a unified system, eliminating data re-keying and providing seamless navigation across all phases of the source-to-contract process. LogicSource complements its technology with Procurement as a Service—managed sourcing and procurement offerings that include category experts, market pricing data, and program management. The company also operates Smarter Sourcing, an independent media brand for the procurement community.
Differentiator
Problem solved
Functional benefit
Brands
- OneMarket: A fully integrated Source-to-Pay technology platform fueled with expert services and market pricing data. Includes modules: OneMarket Insights, OneMarket Portfolio, OneMarket Sourcing, OneMarket Contracts, and OneMarket Procure-to-Pay.
Products and services
- OneMarket Platform A fully integrated Source-to-Pay SaaS technology platform fueled with expert services and market pricing data, enabling procurement teams to manage the complete procurement lifecycle from spend analytics through contract management and procure-to-pay.
- OneMarket Insights Spend and data analytics platform that captures spend data from across an organization, enriches it with third-party data, and provides monthly refreshes for real-time organization-wide spending visibility, with supplier diversity enrichment, visualization recommenders, and advanced reporting.
- OneMarket Portfolio Sourcing project management module enabling users to manage project pipelines, track savings and value projections, and connect sourcing events to contract data for comprehensive procurement command center functionality.
- OneMarket Sourcing RFx execution module providing proven tools and templates for managing sourcing events, supplier selection processes, and price negotiations, including a library of cross-category event prerequisites and pre-built RFx templates.
- OneMarket Contracts Contract management module offering a searchable repository for all contract data, with capabilities for rapid upload (up to 5,000 contracts at a time), user access controls, and advanced triggers and alerts for key milestones such as renewal, termination, expiration, and price changes.
- OneMarket Procure-to-Pay Procure-to-pay module completing the source-to-pay lifecycle by enabling purchase requisitions, purchase orders, and payment processing integration with suppliers.
- Procurement as a Service Sourcing and procurement managed services encompassing all critical components of successful sourcing and buying, including 100+ ready-to-deploy category experts, market intelligence, on-site program management, and a world-class supplier ecosystem delivered as a configurable outsourced solution.
Quantifiable outcome
- 20%+ of company revenue saved through indirect expenditure optimization
- +6 more outcomes
Companies that use LogicSource
Customer profileNamed customers45 records
Segments5 records
Ideal customer profiles3 records
LogicSource technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature6 records
LogicSource partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, major and minor.
- Stanford MedicinecoreLogicSource announced collaboration with Stanford Medicine to improve supply chain and non-clinical spend management amid healthcare funding cuts and supply chain issues. The initiative aims to identify savings opportunities and apply cross-industry data and expertise for operational improvements, reflecting LogicSource's strategy to support healthcare providers in recovering savings and investing in innovation.
- Cleveland CliniccoreLogicSource and Cleveland Clinic collaborate to help health systems with non-clinical procurement practices and benchmarking. Cleveland Clinic's Executive Director of Sourcing & Vendor Management participates in joint webinars and LogicSource developed a Non-clinical Procurement Maturity Model in partnership with Cleveland Clinic leadership.
- University of Vermont Health NetworkmajorLogicSource announced partnership with University of Vermont Health Network to support operational excellence through non-clinical procurement services and optimization.
- Alex's Lemonade Stand FoundationminorLogicSource has supported Alex's Lemonade Stand Foundation for Childhood Cancer since 2013, participating annually in the Million Mile challenge event to raise funds for pediatric cancer research.
- Boys & Girls Club of StamfordminorLogicSource staff participate in annual Corporate 5K event raising funds for local Stamford Boys & Girls Club chapter. Company joined over 100 community teams in raising estimated $130,000.
- College of CharlestonminorLogicSource was a premier sponsor of the College of Charleston's Women for Women Summit as part of their expansion into Charleston, South Carolina community. Event celebrates and builds connections with women from all industries.
Scale indicators17 records
Recent moves8 records
Expansion highlights6 records
LogicSource competitors and assessment
Company assessmentDirect peers
- Coupa Software: Provider of a Source-to-Pay and spend management SaaS platform serving enterprise procurement organizations. Directly comparable to LogicSource's OneMarket platform as a packaged S2P suite with similar modules for sourcing, contracts, and procurement workflows.
- Jaggaer: Procurement and supplier management platform offering source-to-pay, spend analytics, and supplier collaboration. Closely comparable to LogicSource in targeting indirect spend categories with a combination of software and category expertise.
- GEP: Procurement and supply chain services and software provider combining AI-driven procurement software with managed services. Mirrors LogicSource's hybrid platform-plus-services model and indirect spend focus across enterprise customers.
- Ivalua: Provider of a unified Source-to-Pay platform including spend analysis, sourcing, contract management, and procure-to-pay. Comparable to OneMarket as a direct S2P software competitor serving global enterprise procurement teams.
Broad incumbents
- SAP Ariba: SAP-owned procurement platform and business network with deep enterprise penetration across sourcing, contracts, and supplier management. Overlaps with LogicSource's OneMarket platform but is part of SAP's much broader ERP and cloud portfolio.
- Accenture (Procurement & Supply Chain Services): Global consulting and outsourcing giant with large procurement BPO and operations practice serving enterprise clients. Comparable to LogicSource's managed procurement services offering as a much larger, broad-based competitor with deeper delivery scale.
- Bain & Company (Procurement Practice): Top-tier management consulting firm with a dedicated procurement and supply chain practice serving large enterprises. Comparable to LogicSource's category expertise and savings-oriented procurement advisory offerings, though delivered as advice-based consulting rather than tech-enabled managed services.
Emerging players
- Keelvar: AI-powered sourcing optimization platform focused on automated bidding and strategic sourcing. Comparable to the sourcing optimization capabilities of LogicSource's OneMarket Sourcing module, with emphasis on algorithmic category optimization.
- Zip: Procurement intake and orchestration platform for enterprise purchase requests and vendor onboarding. Compares to the Procure-to-Pay and supplier onboarding portions of LogicSource's OneMarket platform, with a newer AI-forward product stance.
- Procurify: Mid-market procurement and spend management platform covering purchasing, approvals, and vendor management. Adjacent to LogicSource's offering but oriented to a smaller-customer segment than LogicSource's enterprise focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
LogicSource social profiles
Digital presenceLogicSource financial estimates
Financial estimateRevenue estimate
Valuation estimate
LogicSource leadership team
Management profileNumber of profiles
Profiles16 records
LogicSource funding detail
Funding detailFunding overview
Funding rounds9 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LogicSource M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LogicSource
What does LogicSource do?
LogicSource provides procurement services and technology focused exclusively on indirect expenditures for enterprises. The company delivers Procurement as a Service—managed sourcing and buying delivered by a network of 100+ category experts—and the OneMarket Source-to-Pay SaaS platform, which automates spend analytics, sourcing, contracts, and procure-to-pay. Together these offerings help consumer-facing enterprises reduce indirect spend, which typically represents more than 20% of company revenue.
Is LogicSource a public or private company?
LogicSource is a private company. It is classified as private equity controlled and is currently operating.
When was LogicSource founded?
LogicSource was founded in 2009. It employs 251 to 500 people.
Where is LogicSource based?
LogicSource is headquartered in Norwalk, United States, in the North America region.
How does LogicSource make money?
Three revenue lines are on record. Procurement Services are the primary driver. The others are technology Subscriptions (OneMarket) and outcome-Based Model.
Who are LogicSource's main competitors?
Direct peers on record are Coupa Software, Jaggaer, GEP and Ivalua. Broad incumbents are SAP Ariba, Accenture (Procurement & Supply Chain Services) and Bain & Company (Procurement Practice). Emerging players are Keelvar, Zip and Procurify.
Does LogicSource have an API?
No public API is recorded for LogicSource.
What industry is LogicSource in?
LogicSource's product category is Procurement Software. Its primary akta.pro industry code is BPAAAJAA, Purchase-to-Pay (P2P) Operations, with a secondary code of BPAAAJAB, Vendor Master Data Management & Onboarding. Its SIC code is 7372.