|Description||Supply Chain Management Software|
|Venture Round, 2/05 |
Lake Street Capital
Frictionless Commerce, Inc. delivers supplier relationship management software to the purchasing organizations. It offers Sourcing software, an enterprise sourcing platform that minimizes the cost of acquisition for various direct and indirect materials, services, and capital equipment. The company serves banking, insurance, professional services, consumer products, discrete manufacturing, life sciences, telecommunications, and utilities markets. Frictionless Commerce, Inc. was founded in 1998 and is based in Newton Square, Pennsylvania with an additional office in London, England. As of June 5, 2006, Frictionless Commerce, Inc. is a subsidiary of SAP AG.