Matchory announces acquisition of Cybery
Frankfurt am Main, 13 September 2022 - Matchory, the AI-powered supplier database for strategic sourcing, today announces the acquisition of supply chain platform Cybery. The Frankfurt-based company's software solution complements Matchory's automated supplier search with in-depth analytics regarding global supply chain conditions, providing additional transparency when sourcing matching suppliers.
Increasingly complex and fragile supply chains are currently demanding and encouraging a mindset shift in procurement. Matchory's cloud-based and AI-driven sourcing solution is successfully helping procurement departments to diversify their supply chains and supplier networks. The fusion of Cybery and Matchory technologies enables companies to meet current and future challenges in an even more agile, efficient and sustainable way. Using artificial intelligence, Cybery scans millions of translingual data sources and evaluates them in real time. Potential risk factors are identified and addressed at an early stage. This also ensures the monitoring and compliance with environmental and social standards.
Besides the integration of Cybery's smart technologies, employees of the Cybery developer team will also be acquired by Matchory. This ensures optimal knowledge transfer with regard to the existing technology. The expertise and experience of the team will be of enormous value to Matchory not only in the system integration, but well beyond.
"The acquisition of Cybery by Matchory is a win-win situation and unleashes new potential. The technological solutions of both companies as well as their respective teams complement each other perfectly. Together, Matchory and Cybery create an ideal foundation to address the challenges in supply chain management." explains Georgios Brussas, CEO & Co-Founder Cybery.
Aiko Wiegand, CEO & Co-Founder Matchory adds, "Cybery's developments in risk management, supply chain monitoring and supply chain visualization are an excellent match to our existing infrastructure. In the acquisition, we have also taken on developers from Cybery who will help to accelerate the implementation and further expansion of the technology significantly."
Matchory brings transparency to global supply chains and offers strategic sourcing an automated supplier search. By using big data and state-of-the-art technology, supplier information is aggregated worldwide, processed and compiled in a unique database. Intelligent search algorithms and artificial intelligence permanently optimize the search and adapt it to the user. For more information: www.matchory.com, LinkedIn: https://www.linkedin.com/company/matchory. Press contact Matchory: katharina@matchory.com
Cybery specializes in making corporate supply chains robust, transparent and sustainable. Using real-time analysis of global data sources and the application of machine learning models, companies can examine their supply network in general, but also individual suppliers. This enables company-specific risks to be identified, allowing appropriate remedial action to be taken at an early stage. Companies can control and evaluate these analyses and measures centrally in a cloud application. In this way, companies can achieve a competitive advantage in an increasingly complex purchasing environment.
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