NPI, an Atlanta, GA-based provider of data-driven IT procurement solutions for large enterprises, received an investment from Falfurrias Growth Partners.
The amount of the deal was not disclosed.
This transaction will accelerate the company’s continued growth by enabling further investments in new AI-powered technology, enhanced products, and sales and marketing while also bolstering the ongoing innovation of its proprietary artificial intelligence and machine learning technology platforms.
Led by CEO and Founder Jon Winsett, NPI is a provider of data driven intelligence and tech-enabled services designed specifically to assist large enterprises with IT procurement cost optimization. NPI delivers transaction-level price benchmark analysis, license and service optimization analysis, and vendor-specific negotiation intel that enables IT buying teams to drive material savings and measurable ROI. NPI analyzes billions of dollars in spend each year for clients spanning all industries that invest heavily in IT. NPI’s team includes over 300 subject matter experts that help clients get the best deal on every material IT purchase and renewal with coverage spanning more than 1,500 vendors.
Commenting on the news, Jon Winsett said: “In partnership with Falfurrias, our ongoing mission is not just to scale up but to be pioneers in enterprise IT procurement. This year, we’re poised to launch groundbreaking AI-powered technology that is purpose-built for IT procurement practitioners to streamline the IT purchase negotiation process and secure world-class deal outcomes with unparalleled ease, speed, and confidence.“
FinSMEs
25/01/2024