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Submitted URL: http://techcrunch.com/2010/12/01/rearden-commerce-ketera/
Effective URL: https://techcrunch.com/2010/12/01/rearden-commerce-ketera/
Submission: On March 23 via api from CA — Scanned from CA
Effective URL: https://techcrunch.com/2010/12/01/rearden-commerce-ketera/
Submission: On March 23 via api from CA — Scanned from CA
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TechCrunch Login Join TechCrunch+ Searchsearch * TechCrunch+ * Startups * SVB Crash * Venture * Security * AI * Crypto * Apps * Events * More Close Screen twitter(opens in a new window)facebook(opens in a new window)linkedin(opens in a new window)reddit(opens in a new window)mail(opens in a new window)Copy Share Link Link CopiedLink Copied TC E-COMMERCE PLATFORM COMPANY REARDEN COMMERCE ACQUIRES KETERA / Invalid DateTime• comment Comment Effective immediately, Ketera Technologies is now part of e-commerce platform company Rearden Commerce. Terms of the deal were not disclosed. Ketera aims to transform corporate buying and selling via the Ketera Network, an online spend management solution and business community of nearly 1 million companies. Patrick Grady, founder and CEO of Rearden Commerce, commented on the acquisition thusly: > “We believe that for the first time, a single company can deliver a > comprehensive offering of both goods and services to businesses and consumers. > The marriage of these two solutions will be game changing not only for > procurement, finance and travel professionals, but for anyone who does > business on the web. Rearden Commerce has raised a whopping $240 million in venture capital to date, and we’ve tipped them as an IPO candidate before (for 2010, admittedly, and it hasn’t happened yet). Ketera had raised $14 million from notable investors such as Kleiner Perkins Caufield & Byers, DAG Ventures, American Express and Foundation Capital. Its founding CEO is Stephen Savignano, former vice president of AOL. 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