Boston, MA – According to filings with the U.S. Securities and Exchange Commission, FairMarkIT is raising $35,600,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Kevin Frechette played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About FairMarkIT
Fairmarkit is the intelligent sourcing platform that empowers organizations to more efficiently purchase the goods and services they need. By equipping procurement and supply-chain teams with automation and data, Fairmarkit promotes competitive bidding while reducing manual work within existing processes. Leveraged by innovative procurement departments across a number of industries, such as Univision, ServiceNow, and the MBTA, Fairmarkit aims to revolutionize the way organizations make purchases.

To learn more about FairMarkIT, visit http://www.fairmarkit.com/

Contact:
Kevin Frechette, Chief Executive Officer
774-364-4446
https://www.linkedin.com/in/kevin-frechette-49652921/

SOURCE: http://www.intelligence360.io
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