NET(net) and xPeerient Partner to Transform Enterprise IT Sourcing

Author: Steven Zolman

NET(net) and xPeerient, the world’s first social enterprise IT marketplace, announced today the launch of NET(net) VET™, designed to reshape the way enterprises source and purchase technology.

NET(net) VET™ is powered by xPeerient’s peer networking and strategic IT sourcing platform, launched in 2011 to simplify and accelerate the discovery, diligence and selection of best-in-class IT service providers.  Its award-winning technology matches IT project requirements against thousands of pre-screened and professionally evaluated suppliers and enables enterprises to evaluate multiple supplier candidates quickly and anonymously in one convenient place.  xPeerient leverages social and peer networking in a new and powerful way, enabling trusted peers to share supplier experiences confidentially through a powerful ratings and review engine.

NET(net) has been providing IT Investment Optimization Services to IT buyers for 10 years and has more than 1,500 global clients.  As a result, NET(net) has amassed significant market intelligence and developed best practices in optimizing client investments with IT suppliers. Users of the NET(net) VET™ system will have access to this federated market intelligence, as well as NET(net) IT Advisory and Investment Optimization Services for assistance in the strategic sourcing and/or strategic supplier management process.

With NET(net) VET™, the complementary offerings of NET(net) and xPeerient dovetail to create a completely auditable operating environment of world-class strategic IT sourcing that assures every purchase is optimized both economically and strategically. This includes supplier discovery and diligence, supplier and product ratings, extensive benchmark data and category-specific expertise that can be leveraged to achieve best-in-class pricing and terms and conditions. The vetting process is further enhanced by direct interactions with peers experienced with the same projects, products and solution providers.  Through the partnership with Xpeerient, NET(net) clients will also have the added and exclusive benefit of best-in-class subscription pricing of NET(net) VET™.

“xPeerient offers private peer collaboration and anonymous supplier matchmaking,” said Mark Hall, CEO and founder of xPeerient.  “NET(net) now enables us to offer professional supplier assessments, and custom supplier benchmark data from NET(net)’s vast databases of Federated Market Intelligence.  In addition, subscribers have preferred access to NET(net)’s IT Advisory and Optimization & Negotiation Services, It’s a complete package that gives IT and business executives an unprecedented level of strategic transparency and governance.”

“Enabling our clients to rapidly vet the IT supplier marketplace through NET(net) VET™ is a game-changer, and greatly accelerates the time to value for our clients,” said Steven C. Zolman, CEO of NET(net), Inc.  “The partnership between xPeerient and NET(net) gives our clients and all subscribers a powerful combination of peer perspectives, competitive bidding, professional supplier assessments and benchmark data, and expert strategic sourcing and strategic supplier management services that eliminates overspending, and improves and accelerates decision-making.  It also gives suppliers a way to shift their focus from demand generation to demand facilitation, assuring they don’t miss the chance to compete, which is one of the biggest problems they face in the market.”

“xPeerient and NET(net) have fundamentally transformed the way information technology is purchased for the enterprise and deliver a sourcing experience that reduces risk while optimizing your IT investments,” said Brian Shield, EVP and CIO at The Weather Channel and an xPeerient Advisory Board Member.

Additional information on NET(net) VET™, including subscription, is available at www.netnetweb.com.

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About NET(net)
Founded in 2002, NET(net), Inc. is the leading global provider of IT Investment Optimization Services, serving more than 1500 clients worldwide, in virtually every industry sector, with over 15,000 professionally managed field engagements to its credit, NET(net) has helped clients capture incremental value approaching $100 billion. Additional information is available at www.netnetweb.com.

About xPeerient
Launched in 2011, xPeerient.com is the world’s first enterprise IT marketplace focusing on the discovery and vetting of best-in-class IT service and channel partners.  Designed by leading CIOs and technology executives, xPeerient saves time and maximizes IT project outcomes by providing strategic exchange with trusted peers, and an efficient “safe harbor” from which to discover and engage suppliers.  Additional information is available at www.xpeerient.com.

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