Acquiring Company
Enverus
Acquired Company
BidOut
AustinHoustonInformation TechnologyEnergySoftwareArtificial IntelligenceRenewable EnergySaaSAnalyticsEnergyOil And GasDescription
Enverus, the most trusted energy-dedicated SaaS company, has announced the acquisition of BidOut, the industry's premier AI-powered procurement platform specializing in requests for anything (RFx). This strategic acquisition reinforces Enverus' commitment to driving efficiency and technological advancements across the energy sector, providing users with a single Source-to-Pay platform for managing their entire procurement process.
Quick answer
Enverus is acquiring BidOut, announced August 6, 2024. Enverus is based in Austin, Texas, United States.
- How much did Enverus pay for BidOut?
- The deal value was not disclosed.
- What does Enverus do?
- Enverus is the most trusted energy-dedicated SaaS company, with a platform built to maximize value from generative AI, offering anytime, anywhere access to analytics and insights.
- Where are Enverus and BidOut based?
- Enverus is based in Austin, Texas, United States. BidOut is based in Houston, Texas, United States.
- Who are the decision-makers at Enverus?
- Fundz holds 1 contact at Enverus. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired BidOut?
BidOut was acquired by Enverus, based in Austin. The deal was reported on August 6, 2024. Enverus is the most trusted energy-dedicated SaaS company, with a platform built to maximize value from generative AI, offering anytime, anywhere access to analytics and insights. Enverus is privately held and operates in Information Technology.
When did Enverus acquire BidOut?
Enverus's acquisition of BidOut was reported on August 6, 2024. Enverus, the most trusted energy-dedicated SaaS company, has announced the acquisition of BidOut, the industry's premier AI-powered procurement platform specializing in requests for anything (RFx). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does BidOut do?
BidOut is the leading procurement platform in the energy industry, streamlining the procurement process and connecting service providers directly to the buyers. It is privately held, operating in Energy, and is based in Houston.
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