DALLAS, May 17, 2011 /PRNewswire/ -- Implicit PurchasePooling Solutions, L.P. announced today that it has engaged an investment banking firm to assist it in exploring strategic alternatives to exploit its patented procurement software solution.
"After achieving public sector market validation and success, we realize that our SasS procurement platform can provide significant value in numerous industries; we are seeking strategic marketing and distribution partners to expand our industry coverage," said Steven Day, Senior Vice President of sales and marketing for Implicit. "I think our technology is poised for significant growth."
Implicit Solutions was awarded its U.S. Utility Patent 7,788,149 ("Method and Computer Program for the Acquisition of Capital Equipment using Web-Based Purchase Pooling") on August 31, 2010. This software enables manufacturers and their consultants to aggregate similar kinds of equipment, which may nonetheless have variations on their individual specifications into single manufacturing runs. Expanded manufacturing runs reduce costs and bring efficiencies to supply chain management. To date, Implicit Solutions' software has been utilized nationally by municipal transit agencies (http://transitpool.com) and locally in the public education space (http://district-connection.com).
About Implicit PurchasePooling Solutions, L.P.: Implicit PurchasePooling Solutions, L.P. is a privately funded software development firm that has enjoyed substantial success in innovating a variety of software solutions, finding applicability both nationally and internationally. Implicit's software products are typically marketed and distributed by one or more firms that dominate the markets in their respective spaces. For more information, please visit http://Implicits.com or contact Brian Beneke at Brian.Beneke@Implicits.com or (214) 891-7013.
SOURCE Implicit PurchasePooling Solutions, L.P.
