PurchasingNet
PurchasingNet is a privately-held enterprise software company founded in 1984 and headquartered in Red Bank, New Jersey, providing web-based eProcurement and ePayables software to mid- and large-sized companies.
- Company typePrivate
- Founded1984
- HeadquartersRed Bank, United States
- Headcount—
- GTM typeB2B
- OfferingSoftware
What PurchasingNet does
PurchasingNet is a privately-held, for-profit enterprise software company founded in 1984 and headquartered in Red Bank, New Jersey. According to its firmographic profile, the company provides web-based eProcurement and ePayables software to mid- and large-sized companies, positioning it in the procurement automation and accounts-payable workflow segment of the enterprise software market. Its website is purchasingnet.com. The only listed officer in the source data is Eileen Durkin (Director/Controller).
The firmographic record does not include product architecture details, technology stack, pricing model, customer composition, distribution channels, recent product launches, funding history, or a broader management team. The remaining aggregated source data is overwhelmingly about IgniteTech, an unrelated AI-first enterprise software company headquartered in Austin, Texas and operating as a subsidiary of ESW Capital Group. IgniteTech's portfolio includes AI-native products (Eloquens AI, MyPersonas, Adminio AI), legacy enterprise software brands (GEMINI, GENSYM AI, JIVE AI, GRID AI, INFOBRIGHT AI, GOMEMBERS AI), and acquired companies (Khoros, Suuchi Inc.). No source explicitly confirms a corporate, operational, or ownership relationship between PurchasingNet and IgniteTech, so this information is reported as context rather than direct evidence about PurchasingNet's own business operations.
PurchasingNet firmographics
Firmographics- Name
- PurchasingNet
- Legal name
- Ignite Enterprise Software Solutions, LLC
- Website
- https://purchasingnet.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Short description
- PurchasingNet is a privately-held enterprise software company founded in 1984 and headquartered in Red Bank, New Jersey, providing web-based eProcurement and ePayables software to mid- and large-sized companies.
- Ownership category
- akta.pro rank
PurchasingNet industry classification
Industry- Product category
- eProcurement Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI)
- akta.pro secondary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where PurchasingNet is headquartered
LocationHeadquarters
- HQ city
- Red Bank
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PurchasingNet business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Enterprise Software Subscriptions: IgniteTech generates revenue through enterprise software subscriptions, offering mission-critical solutions to organizations worldwide. Their AI-powered products like Eloquens AI, MyPersonas, and Adminio AI are offered via subscription with 14-day free trials.
- Acquisition and Portfolio Revitalization: The company acquires enterprise software companies (such as Khoros and Suuchi Inc.) and revitalizes their portfolios, creating multiple revenue streams from diverse software products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Trial Tier - 14-day free trials available for AI tools |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
PurchasingNet product offering
Product offeringCore offering
PurchasingNet provides Web-based eProcurement and ePayables software to mid-and-large-sized companies. The software is designed to enable organizations to manage purchasing workflows and accounts payable processing electronically through a web-based platform.
Product overview
IgniteTech is an AI-first enterprise software company that operates a platform-plus-portfolio architecture. The company has three flagship AI-powered innovations: Eloquens AI (email automation), MyPersonas (AI-powered digital clones of company experts), and Adminio AI (intelligent meeting scheduling). Additionally, IgniteTech maintains a diverse portfolio of enterprise software solutions including GEMINI, GENSYM AI, and GOMEMBERS AI (Functional Process Automation), GRID AI (Commerce & Digital Engagement), INFOBRIGHT AI (IT Acceleration), and JIVE AI (Communications & Remote Engagement). The company has also acquired Khoros for customer engagement capabilities and Suuchi Inc. for supply chain management. New AI-powered capabilities have been embedded across the broader software portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- Eloquens AI: AI-powered tool that reads and responds to routine emails in minutes, 24/7.
- MyPersonas AI
- Adminio AI
- GEMINI
- GENSYM AI
- GOMEMBERS AI
- GRID AI
- INFOBRIGHT AI
- JIVE AI
Products and services
- eProcurement Software
- ePayables Software
Quantifiable outcome
- Record profits achieved following AI transformation and workforce restructuring
Companies that use PurchasingNet
Customer profileSegments2 records
Ideal customer profiles1 record
PurchasingNet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature9 records
PurchasingNet partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- KhoroscoreIgniteTech acquired Khoros to transform customer connections in the AI Answer Engine Era. Khoros enhances IgniteTech's customer engagement capabilities with AI-powered solutions.
- Suuchi Inc.coreIgniteTech acquired Suuchi Inc., adding supply chain management capabilities to their enterprise software portfolio. This acquisition expands IgniteTech's vertical market reach.
Scale indicators4 records
Recent moves1 record
Expansion highlights1 record
PurchasingNet competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key highlights4 records
Customer concentration
PurchasingNet social profiles
Digital presencePurchasingNet financial estimates
Financial estimateRevenue estimate
Valuation estimate
PurchasingNet leadership team
Management profileNumber of profiles
PurchasingNet subsidiaries and ownership
Company hierarchySubsidiaries2 records
PurchasingNet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PurchasingNet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PurchasingNet
What does PurchasingNet do?
PurchasingNet provides Web-based eProcurement and ePayables software to mid-and-large-sized companies. The software is designed to enable organizations to manage purchasing workflows and accounts payable processing electronically through a web-based platform.
Is PurchasingNet a public or private company?
PurchasingNet is a private company. It is classified as unknown and is currently operating.
When was PurchasingNet founded?
PurchasingNet was founded in 1984.
Where is PurchasingNet based?
PurchasingNet is headquartered in Red Bank, United States, in the North America region.
How does PurchasingNet make money?
Two revenue lines are on record. Enterprise Software Subscriptions are the primary driver. The others are acquisition and Portfolio Revitalization.
Does PurchasingNet have an API?
No public API is recorded for PurchasingNet.
What industry is PurchasingNet in?
PurchasingNet's product category is eProcurement Software. Its primary akta.pro industry code is BPAAAJAI, Catalog & eProcurement Enablement (Punchout, Item Master), with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 513210 and its SIC code is 7372.