Sievo
Sievo, founded in 2003 by Sammeli Sammalkorpi and Matti Sillanpää in Helsinki, Finland, is a procurement analytics company that has grown to become a significant player in the enterprise software space.
Profile
Sievo provides procurement analytics solutions that help large organizations manage and analyze their procurement data to drive efficiency and cost savings.
Sievo, founded in 2003 by Sammeli Sammalkorpi and Matti Sillanpää in Helsinki, Finland, is a procurement analytics company that has grown to become a significant player in the enterprise software space. The company specializes in helping large organizations manage and analyze procurement data to drive efficiency and cost savings. Sievo's solutions are designed for enterprises with over $1 billion in revenue, and its customer base includes global giants like Mars, Levi's, and Deutsche Telekom.
The company has raised $44 million in growth investment from Susquehanna Growth Equity in 2022, which has fueled its expansion and product development. Sievo's State of Spend 2025 report, built on $2 trillion of real procurement data, provides industry-specific benchmarks across six major sectors, offering unprecedented accuracy in procurement benchmarking. The company continues to innovate, recently acquiring Provalido to strengthen its UK presence and enhance its procurement performance management capabilities. Sievo's focus on leveraging real enterprise data and its commitment to evolving its offerings make it a key player in the procurement analytics market.
Who buys this
- Large enterprises with over $1 billion in revenue
- Global procurement organizations
- Companies in healthcare, chemicals, manufacturing, FMCG, infrastructure, and retail sectors
- Organizations looking for industry-specific procurement benchmarks
- Enterprises seeking to improve ESG performance and supplier diversity
Publicly disclosed clients
- Mars
- Levi's
- Deutsche Telekom
Strengths and what to watch
Strengths
- Built on $2 trillion of real procurement data, providing unparalleled accuracy in benchmarking
- Industry-specific KPI benchmarks tailored to unique procurement challenges
- Strong customer base including global giants like Mars and Deutsche Telekom
Watch for
- Economic pressures and tech layoffs affecting the broader tech industry
- Rapid adoption of AI and automation reshaping procurement functions
- Potential challenges in maintaining data privacy and security with large-scale data aggregation
Recent moves
Key Information
- Founded
- 2003
- Headquarters
- Helsinki, Finland
Frequently Asked Questions
What does Sievo do?
Sievo provides procurement analytics solutions that help large organizations manage and analyze procurement data to drive efficiency and cost savings. Founded in 2003, Sievo specializes in enterprise software for companies with over $1 billion in revenue, offering industry-specific benchmarks and performance management tools.
Who are Sievo's notable clients?
Sievo's notable clients include global giants like Mars, Levi's, and Deutsche Telekom. These organizations leverage Sievo's procurement analytics solutions to manage complex procurement processes, improve efficiency, and achieve significant cost savings across various industries such as healthcare, manufacturing, and retail.
What makes Sievo's procurement analytics unique?
Sievo's procurement analytics are built on $2 trillion of real procurement data, providing unparalleled accuracy in benchmarking. The company offers industry-specific KPI benchmarks tailored to unique procurement challenges, helping large enterprises optimize their procurement processes and achieve measurable cost savings.
What industries does Sievo serve?
Sievo serves large enterprises across various industries, including healthcare, chemicals, manufacturing, FMCG, infrastructure, and retail. The company's solutions are designed for organizations with over $1 billion in revenue, helping them manage procurement data and improve efficiency in complex supply chains.
What recent developments has Sievo made?
Sievo recently acquired Provalido to strengthen its UK presence and enhance procurement performance management capabilities. The company also released its State of Spend 2025 report, built on $2 trillion of real procurement data, offering industry-specific benchmarks across six major sectors.
What challenges does Sievo face?
Sievo faces challenges such as economic pressures, tech layoffs, and rapid AI adoption reshaping procurement functions. Additionally, maintaining data privacy and security with large-scale data aggregation remains a critical concern as the company continues to innovate and expand its procurement analytics solutions.
Sources
- sievo.com — Sievo's State of Spend 2025 report built on $2 trillion of real procurement data
- sievo.com — The Hackett Group recognizing Sievo as a Technology and Customer Value Leader in Spring 2026 SolutionMap
- techcrunch.com — Tech layoffs affecting the broader tech industry in 2025
- www.informationweek.com — Economic pressures and rapid adoption of AI reshaping procurement functions