We are pleased to share with you our Supply Chain Software Market Update. Supply chain is increasingly at the nexus of several transformative technology and business trends: Autonomous Vehicles, Internet of Things, digital twins, and automation and robotization of warehouses and distribution centers. As a result, supply chain and ERP remains robust as PE firms continue to invest in consolidation platforms for older technologies, which in turn continue to execute aggressive acquisition programs, and public companies are benefiting from continued growth in target markets and strong global equity capital markets. eProcurement / Spend Management M&A has been particularly active during the past 3 years with nearly 45 transactions, as ongoing consolidation in the sector is being driven by challenges such as Coupa and private equity players acquiring mid-market players. This report includes an overview of M&A and investment activity, current trends, and our landscape of companies in the ecosystem.