Spend Network

Name

Spend Network

Legal name

Ticon UK Ltd.

Website

https://spendnetwork.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Public Procurement Intelligence Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

E-Procurement & Spend Analytics (BPAIAEAI)

akta.pro secondary industries

Public Procurement & Contracting (BPAIAEAE), Spend Analytics & Reporting Support (BPAAAJAJ)

Keywords

• Public procurement data
• Tender intelligence platform
• Government contract analytics
• Procurement API services
• Open contracting data

Headquarters

HQ city

Croydon

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Open Opportunities Subscription: Subscription-based web application providing global tender search with branding options. Provides thousands of open tender opportunities from 160 countries through a simple-to-use service with flexible pricing tiers.
2. API Data Access: Comprehensive procurement data delivered via API for integration into customers' own databases. Targets consultancies, data vendors, and researchers who need programmatic access to procurement data.
3. White Label Solutions: White label web app licensing for export portals and trade promotion organisations to promote trade and contract opportunities to their exporter members.
4. Newsletter Subscriptions: Newsletter subscription service providing insights for the $13tn market, collecting contact information to deliver procurement market intelligence.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Spend Network aggregates public-sector procurement tender and contract data from 743 sources across 160 countries, standardizes and AI-enhances each record, and exposes the resulting dataset through its 'Open Opportunities' subscription web application, a comprehensive API, and white-label portals for trade promotion organizations. Customers use the platform to discover and bid on government tenders, power advisory analytics, enrich proprietary data products, and run procurement market research across the estimated $13 trillion global public procurement market.

Product overview

Spend Network operates as a global procurement data and analysis platform covering a $13 trillion market. The company's product portfolio consists of Open Opportunities as the primary subscription web application for global tender search with AI-enhanced data, complemented by a comprehensive API for database integration, white-label customization options for partners, and the Export Portal Partnership for trade promotion organizations. The core offering enables users to search tender opportunities across 160 countries from 743 unique sources, with data enhanced through automated harvesting, standardization, and AI-powered cleaning and categorization.

Differentiator

Problem solved

Functional benefit

Brands

• Open Opportunities: Subscription web service for searching business opportunities across 160 countries.
• Open Opportunities Export Partnership
• API

Products and services

• Open Opportunities Subscription web application that lets public sector suppliers, trade promotion organisations, and other buyers search thousands of open tender opportunities from 160 countries using AI-enhanced, standardised data. Branded in the customer's colours and offered with flexible pricing.
• Spend Network API API providing AI-enhanced public procurement contract and tender data from 743 sources worldwide, enabling consultancies, data vendors, and researchers to integrate the dataset directly into their own systems.
• White Label Web Application White-label edition of the Open Opportunities platform that organisations such as export promotion agencies and industry groups can rebrand and license to promote trade and contract opportunities to their exporter members.
• Open Opportunities Export Partnership Export Portal Partnership program that lets trade promotion organisations and industry associations distribute Spend Network tender opportunities to their member exporters via a white-label portal.
• Enrich My Data Procurement data enrichment service that cleans, standardises, and enhances customers' raw procurement data with additional fields and attributes to improve analysis and decision-making.

Quantifiable outcome

• Covers $13 trillion global public procurement market
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

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

• Open Contracting PartnershipcoreStrategic or Co-development Partner · 1 September 2020Strategic research partnership to quantify global public procurement value. Partners conducted research to produce an updated estimate of global public procurement value and the value of public contracts published as open data. The collaboration produced the $13 trillion global procurement valuation report.
• World BankflagshipGTM or Marketing PartnerWorld Bank logo displayed in 'Trusted around the world' section of website, indicating partnership or endorsement relationship for procurement data initiatives.
• European CommissionflagshipGTM or Marketing PartnerEC logo featured in 'Trusted around the world' section, suggesting data usage or endorsement for EU procurement transparency initiatives.
• Exporting Is GreatcoreGTM or Marketing PartnerUK government export promotion programme logo displayed in trusted partners section, indicating collaboration to help UK exporters access global procurement markets.
• Switzerland Global EnterprisecoreGTM or Marketing PartnerSwiss trade promotion organisation logo displayed, suggesting collaboration to help Swiss exporters access public procurement opportunities globally.
• Open ContractingcoreTechnology or IntegrationOpen Contracting logo displayed, indicating support for Open Contracting Data Standard (OCDS) integration. Spend Network collects data using OCDS framework and contributes to standardisation efforts.
• SAPminorGTM or Marketing PartnerSAP logo displayed in trusted partners section, suggesting integration or endorsement relationship in enterprise procurement space.
• OracleminorGTM or Marketing PartnerOracle logo featured in trusted partners section, indicating technology partnership or endorsement in enterprise data ecosystem.
• VodafoneminorGTM or Marketing PartnerVodafone logo displayed in trusted section, suggesting endorsement or customer relationship for procurement services.
• SunGardminorGTM or Marketing PartnerEnterprise software company logo featured, indicating partnership in financial and enterprise technology ecosystem.
• Information Commissioner's Office (ICO)minorGTM or Marketing PartnerUK data protection authority logo displayed, indicating compliance with data protection standards and regulatory endorsement.
• NestaminorGTM or Marketing PartnerUK innovation foundation logo featured, suggesting collaboration on innovation and data-driven public sector initiatives.
• RandstadminorGTM or Marketing PartnerHR services company logo displayed, suggesting endorsement or partnership in workforce/public sector HR procurement context.
• DTZminorGTM or Marketing PartnerCommercial property and facilities management company logo featured, indicating connection to public sector property procurement.

Scale indicators8 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Open Contracting Partnership: Non-profit that develops and promotes the Open Contracting Data Standard (OCDS) used to publish structured procurement data. Direct peer in publishing standardized open public procurement data; Spend Network has a documented research partnership with OCP.
• GovWin (Deltek): Deltek's GovWin platform provides government contracting intelligence and procurement opportunity tracking to suppliers and contractors, primarily in the US. Closest commercial analog to Spend Network's Open Opportunities product in terms of B2B sales motion and customer base.
• TendersInfo (TendersOnTime / Global Tenders): Aggregates global public and private tender notices with multi-country coverage and subscription-based access. Directly competes with Spend Network's Open Opportunities and API offerings for international tender search subscribers.
• Tenders Electronic Daily (TED): Official EU publication of public procurement notices across all EEA jurisdictions. Provides free access to standardized procurement data; Spend Network integrates/complements TED within its broader multi-country coverage.
• Bidhive: Tender notification and bid management platform for suppliers seeking government and public sector contracts. Overlaps with Spend Network's supplier-facing tender discovery use case, particularly in European markets.

Broad incumbents

• SAP Ariba: Market-leading enterprise procurement and sourcing suite owned by SAP, used by large enterprises and government entities for sourcing, contract management, and supplier discovery. A broad incumbent whose logo also appears on Spend Network's partner wall; offers some overlapping spend visibility but not primarily a public-tender data specialist.
• Oracle Procurement Cloud: Oracle's enterprise procurement, sourcing, and supplier management suite. A broad incumbent in the procurement technology space; Oracle's logo also appears as a Spend Network partner/endorser, suggesting integration or data relationships.
• Jaggaer: Enterprise source-to-pay platform covering sourcing, supplier management, and contract lifecycle for large buyers. Adjacent incumbent whose spend analytics and supplier intelligence overlap with Spend Network's procurement data use cases for buyers.
• Coupa (now Thoma Bravo): Large enterprise spend management platform with community-generated transaction data and benchmarking. Adjacent incumbent whose aggregated transaction insights compete conceptually with Spend Network's spend analytics positioning.

Regional players

• Procurious / CIPS Intelligence: Chartered Institute of Procurement & Supply (CIPS) is the global professional body for procurement; CIPS Intelligence publishes market research and data on procurement trends. Adjacent player providing thought leadership and intelligence content to a similar buyer audience, focused primarily on UK/professional community.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/ianmakgill
• Xx.com/spendnetwork

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

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 Spend Network