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Iasta

Software supply management solutions


Company Details
Location: Carmel, IN
Founders: David Bush, 36, Jason Treida, 30, Todd Epple, 35, Mike Treida, 60
Year Started: April 2000
Initial Investment: $57,000

Turned a Profit: 2001
First Million: 2004

2007 Sales: $3.7 million

Number of Employees:
Day 1: 5
2007: 35
2008: 40*

* Projected by 2009
Company Background
Iasta is a software and global service provider of cost-effective Supply Management solutions. We help companies of all sizes and locations make better purchasing decisions. Companies use Iasta’s product platforms to automate their strategic sourcing processes and provide buyers with the ability to collect and analyze supplier information. The SmartSource™ platform enables companies to communicate with buyers and suppliers through built-in, integrated components such as e-RFx / Auction, Project Management, Decision Optimization, Document Library, Contract Management and Management Dashboard. Iasta’s spend analysis platform, SmartAnalytics, enables companies to improve the quality of decision-making by providing better visibility into information about goods, services and suppliers. SmartOptimization™, Iasta’s decision optimization platform, streamlines decision-making by eliminating separate spreadsheets, thereby helping buyers implement savings sooner. SmartSupport™ and Iasta Collaborative Services compliment Iasta’s product platforms and provide access to sourcing expertise focused on helping improve team effectiveness. Customers include industry leaders such as ServiceMaster, Timex, Monsanto, YUM! OfficeMax, Burlington Coat Factory and Brunswick.
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