Procurement intelligence becomes "empowered."

August 22, 2006

Thirty Percent of procurement intelligence provider Cutting Edge Procurement (CEP) has been acquired by a BEE (Black Economic Empowerment) grouping comprising of Mssrs Teddy Daka (Pictured here), Enos Banda and Althaf Emmamally. CEP provides business intelligence tools for analysing, managing and optimising the procurement environment to some of the largest procurement organisations in the country...

Daka, which will now play the role of CEP Chairman, says that he chose to acquire a stake in CEP because the company has “a competitive edge in the procurement intelligence market that will take other players years to replicate.”

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