ProcurementIQ

What ProcurementIQ does

ProcurementIQ is a B2B market intelligence platform purpose-built for procurement and strategic sourcing professionals. Founded in 2013 and headquartered in Venice, California, the company delivers category-level market intelligence covering 1,000+ procurement categories across the United States, Canada, and Europe. The core product combines subscription-based market intelligence reports, a proprietary SupplierIQ database of 5,000+ supplier profiles (including financial ranges for private companies), forward-looking price forecasting, a dynamic Buyer Power Score, an interactive Competitor Matrix, state-by-state wage differential analysis sourced from the Bureau of Labor Statistics, and ESG summaries. ProcurementIQ also offers Custom Research engagements and pre-built RFP Templates as add-on modules, and its full collection has been migrated onto IBISWorld's dynamic platform under a shared login at my.ibisworld.com.

The business operates a sales-led GTM motion targeting enterprise procurement departments, Fortune 500 companies, government agencies, and regional operators. Revenue is generated through SaaS subscriptions (annual or multi-year), supplemented by custom research services and a 7-day free trial used as a low-friction acquisition mechanism. ProcurementIQ is a subsidiary of IBISWorld, the global market intelligence provider, and operates as a US affiliate within the IBISWorld umbrella alongside Australian, UK, and Indonesian affiliates. Named customers include Fairfax County Department of Procurement and Material Management, Santa Clara County, CJ Logistics, Ally Bank, Amtrak, Ernst & Young, and an unnamed Fortune 500 retailer.

Name

ProcurementIQ

Legal name

ProcurementIQ

Website

https://procurementiq.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

ProcurementIQ is a B2B SaaS market intelligence platform providing category research, supplier profiling, price forecasting, and RFP tools for enterprise procurement professionals across the US, Canada, and Europe, operating as a subsidiary of IBISWorld.

Ownership category

akta.pro rank

Product category

Procurement Market Intelligence

NAICS

Software Publishers (5132), Marketing Research and Public Opinion Polling (541910)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)

akta.pro primary industry

Procurement & Strategic Sourcing (BPAHAHAB)

akta.pro secondary industries

Sourcing Support & RFx Administration (RFI/RFP/RFQ) (BPAAAJAC), Spend Analytics & Reporting Support (BPAAAJAJ)

Keywords

• Procurement market intelligence
• Supplier research
• Category intelligence
• Strategic sourcing data
• Supplier benchmarking

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Subscription-Based Market Intelligence: SaaS subscription model providing access to market intelligence reports, supplier profiles, and procurement tools. Revenue generated through annual or multi-year subscription contracts with free trial acquisition period.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

ProcurementIQ provides a SaaS market intelligence platform that delivers category intelligence, supplier benchmarking, price forecasting, and contract strategy data for procurement professionals. Its core products include Market Intelligence reports covering 1,000+ categories across the US, Canada, and Europe, a SupplierIQ database with 5,000+ supplier profiles, custom research services, and RFP templates designed to reduce sourcing lead time by up to 50%.

Product overview

ProcurementIQ is a web-based SaaS platform providing procurement market intelligence and supplier research tools. The core product is Market Intelligence covering 1,000+ categories across US, Canada, and Europe, supported by Supplier Profiles (SupplierIQ) with over 5,000 supplier profiles featuring financial data and competitive analysis. The platform also offers Custom Research services for tailored procurement projects and RFP Templates to streamline the request for proposal process. The offering operates as a unified platform with market intelligence reports and supplier intelligence tools that users access through a web interface, with recent migration of the full collection to IBISWorld's dynamic platform.

Differentiator

Problem solved

Functional benefit

Brands

• SupplierIQ: Supplier intelligence platform providing financial data, competitor rankings, and SWOT analysis for vendor selection

Products and services

• Market Intelligence Market intelligence reports covering 1,000+ categories across the United States, Canada, and Europe, providing pricing data, supplier intelligence, price forecasts, buyer power analysis, and negotiation levers for strategic sourcing decisions. Targeted at enterprise procurement professionals.
• Supplier Profiles (SupplierIQ) Database of over 5,000 supplier profiles providing financial data, competitor rankings, SWOT analysis, execution scores, operational capabilities scores, and market share information to support vendor selection and competitive analysis for procurement teams.
• Custom Research Tailored procurement research services where ProcurementIQ's analysts tackle custom projects to answer specific procurement questions. Primarily delivered for Fortune 500 clients requiring bespoke category intelligence, supplier evaluation, and contracting research.
• RFP Templates Pre-built request for proposal templates infused with market-specific content, outlining the key elements of a strong RFP to help procurement professionals save time when creating RFPs.

Quantifiable outcome

• Up to 50% reduction in sourcing lead time
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• IBISWorldflagshipTechnology or IntegrationProcurementIQ's full collection has been migrated to IBISWorld's dynamic platform, combining ProcurementIQ's procurement-focused market intelligence with IBISWorld's established research infrastructure. This integration provides expanded market insights and new report features for customers, with shared login infrastructure (my.ibisworld.com).
• IBISWorld Inc. (USA)coreStrategic or Co-development PartnerUS affiliate of IBISWorld operating as part of the international organization providing market intelligence services. Listed among Affiliates in privacy policy documentation.
• IBISWorld Pty Ltd (Australia)coreStrategic or Co-development PartnerAustralian affiliate of IBISWorld operating as part of the international organization with facilities for data storage and processing.
• IBISWorld Ltd (UK)coreStrategic or Co-development PartnerUK affiliate of IBISWorld operating as part of the international organization serving European markets.
• PT. Dataindo Inti Swakarsa (Indonesia)minorStrategic or Co-development PartnerIndonesian affiliate of IBISWorld operating as part of the international organization serving Southeast Asian markets.

Scale indicators6 records

Recent moves1 record

Expansion highlights6 records

Direct peers

• Beroe Inc. Beroe is a procurement market intelligence provider offering category-specific reports, supplier risk data, and price benchmarks to enterprise sourcing teams — a closely aligned offering to ProcurementIQ's market intelligence reports and SupplierIQ database.
• Spend Matters: Spend Matters provides procurement research, analysis, and solution provider intelligence for sourcing and supply chain professionals, directly competing with ProcurementIQ in the procurement intelligence content category.
• Sievo: Sievo is a procurement analytics SaaS platform providing spend visibility, supplier benchmarking, and category insights for enterprise procurement — a direct functional competitor to ProcurementIQ's analytics and supplier profiling capabilities.
• Supplyframe: Supplyframe provides supply chain intelligence and supplier discovery tools for electronics and industrial sourcing, with overlapping supplier profiling and price benchmarking capabilities relative to ProcurementIQ's SupplierIQ.

Emerging players

• Keelvar: Keelvar provides AI-powered sourcing optimization and category intelligence tools for procurement teams, overlapping with ProcurementIQ's strategic sourcing and supplier benchmarking use cases with a more automation-centric approach.
• Craft (formerly Tealbook): Craft (which acquired Tealbook) provides supplier intelligence and procurement data enriched with company financials and risk signals, directly competing with ProcurementIQ's SupplierIQ supplier profiling and financial data offering.
• HICX Solutions: HICX provides supplier information management and master data solutions for procurement, overlapping with ProcurementIQ's supplier profiling and vendor qualification use cases within enterprise procurement functions.

Broad incumbents

• The Hackett Group: The Hackett Group provides procurement advisory, benchmarking, and market intelligence services to enterprises, overlapping with ProcurementIQ's procurement benchmarking and category intelligence use cases at a broader advisory scale.
• Gartner (Procurement Research): Gartner's procurement and supply chain research practice provides market intelligence and category insights to enterprises, competing with ProcurementIQ at the high end of the procurement intelligence market with a much broader research portfolio.
• Forrester (Procurement Research): Forrester provides enterprise research including procurement and sourcing technology coverage, overlapping with ProcurementIQ's category research and supplier intelligence offerings as part of a much larger research portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/procurementiq
• Facebookfacebook.com/ProcurementIQ
• LinkedInlinkedin.com/company/procurementiq

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ProcurementIQ