News | April 16, 2018

IBISWorld Procurement Is now ProcurementIQ

Name change reflects the division's commitment to its clients and products in the procurement and purchasing sector

Los Angeles, CA /PRNewswire/ - IBISWorld Procurement, a global leader in procurement category research and market intelligence, has unveiled its new name – ProcurementIQ.

IBISWorld Procurement was founded in 2013 and has grown to become the largest and most trusted provider of market intelligence to the procurement community. The change to ProcurementIQ recognizes the company's customers and products in the brand and brings better clarity to the structure of the business and its relationship to parent company IBISWorld.

"From our inception, helping procurement practitioners purchase smarter has been our mission," says Matthew Faulks, Chief Operating Officer, ProcurementIQ. "Changing our name to ProcurementIQ differentiates us from our parent company and allows us to fully focus our products and services on our audience – procurement and purchasing professionals."

ProcurementIQ's suite of products helps procurement practitioners purchase smarter, get a seat at the table and align purchasing strategies with overall organizational goals. With the rebrand, the company's core offering – more than 1,000 procurement research reports – will remain unchanged. In the coming months, ProcurementIQ will be launching several innovative products and enhancements that cater to the needs of purchasing and supply chain professionals.

Learn more about the company's name change at

About ProcurementIQ:
Recognized as a trusted and independent source of procurement research, ProcurementIQ offers a comprehensive library of data and analysis on over 1,000 categories. With an extensive online portfolio valued for its depth and scope, ProcurementIQ equips procurement professionals with the insight necessary to make better, faster purchasing decisions. ProcurementIQ is a division of IBISWorld and serves a wide range of public and private organizations from its US headquarters in Los Angeles. For more information, visit or call 1-888-878-9429.

SOURCE: ProcurementIQ

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