Newport News-based Perfect Commerce LLC, a sourcing and procurement solutions company, has acquired WebProcure, a business unit of Canada-based Cogsdale Corp.
WebProcure produces a product designed for the needs of the state and municipal governments.
Perfect Commerce said the acquisition of WebProcure will allow it to gain a foothold in the government sector. Perfect Commerce has traditionally served the private sector.
“This is a technology suite built on top of Commerce One [owned by Perfect Commerce], bringing with it an entire technology portfolio and new customer community focused on the state and municipal government as well as the utility sectors and universities. The workflow functionalities in this product cater explicitly to the unique approvals required for public sector business,” Hamp Wall, the CEO of Perfect Commerce, said in a statement.
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