Enverus completed the acquisition of BidOut.

Enverus, an energy-dedicated SaaS company, completed the acquisition of BidOut, a premier AI-powered procurement platform specializing in requests for anything. Financial terms were not disclosed. The synergy between BidOut’s RFx platform and Enverus’ existing Source-to-Pay solution presents an exciting opportunity for the energy industry. By connecting BidOut’s sourcing capabilities with Enverus’ solutions, users can now manage their entire procurement process in our single Source-to-Pay platform. The integrated offering will enhance decision-making, save costs and time, and improve compliance and supplier management, ultimately optimizing procurement and enhancing supplier relationships.