Source: sdcexec

The acquisition comes as companies increasingly look to digitalize procurement processes. Research from Digital Procurement World highlights a significant gap between procurement goals and execution, often due to technology limitations. Cleo’s own findings show that 97% of supply chain executives are investing in automation to boost efficiency.

“Cleo’s vision is to deliver true supply chain orchestration by bridging the gap between planning and execution,” says Mahesh Rajasekharan, president and CEO of Cleo. “With DTS’s technology embedded into CIC, we’re empowering procurement teams to reduce costs, improve efficiency and minimize supply chain risks—all through automation.” 

Many companies still rely on manual procurement processes, leading to inefficiencies and increased costs. By integrating DTS’s procurement automation capabilities, Cleo will provide businesses with a comprehensive, digital-first solution.