Spend Radar is a software technology company focused solely on conquering spend analysis and spend management. Spend Radar was founded to overcome many of the challenges that previous generation spend analysis and data classification solutions fail to address in a complete or optimal way. The company's focus is to help any organization working with spend or supplier-related data to take action more quickly and effectively, significantly reducing the time spent to create actionable analysis. By enabling organizations to gather and structure complicated, distributed, and diverse sets of information in a completely new manner, Spend Radar sets a new standard for data management. In October 2012, Spend Radar was acquired by SciQuest. The valuation of Spend Radar was $8 million. Other terms of the deal were not released.