AgencySpotter.com Acquired by Private Investors; Parent Company Rebrands to SpotSource Inc.

AgencySpotter.com, a prominent rating and review platform for marketing and IT agencies, has been acquired by a private investment group with expertise in technology and service marketplaces. This acquisition aims to solidify AgencySpotter.com's core mission of promoting verified customer reviews in the service provider selection process. Financial details of the deal remain undisclosed.

Following this acquisition, the parent company of AgencySpotter.com, previously known as Agency Spotter Inc., will undergo a rebranding to become SpotSource Inc. This change underscores the company's strategic focus on its main business: SpotSource, an enterprise service supplier management (SSM) software platform.

"We are thrilled to see AgencySpotter.com continue its journey under new ownership," stated Brian Regienczuk, Founder and CEO of SpotSource Inc. “This move allows us to sharpen our focus on developing and scaling our enterprise SaaS solution, SpotSource.”

Regienczuk highlighted the evolving landscape of service procurement, noting, “Spend on services continues to increase, and the business landscape is only getting more complex with regulation and other compliance issues. SpotSource believes it should be easy for any subject matter expert, like a marketer, to find the best service provider, manage and collaborate on their work together, and streamline payments. SpotSource is doing this while ensuring compliance, governance, and seamless integration with existing enterprise systems.”

According to a report by Grand View Research, the global workflow automation market size is projected to reach $31.4 billion by 2028, growing at a CAGR of 23.2% from 2021 to 2028. Additionally, MarketsandMarkets forecasted the professional services automation (PSA) software market to reach $14.39 billion by 2023, growing at a CAGR of 10.8% from 2018 to 2023. These trends highlight the increasing demand for effective service supplier management solutions in the professional services sector.

Over the past 12 years, AgencySpotter.com has been instrumental in connecting marketing and advertising leaders at global companies with millions of small, medium, and large businesses. Notably, Agency Spotter pioneered the use of verified customer reviews in the marketing industry. The new ownership structure, organized as Agency Spotter LLC and led by the acquiring private investment group, is dedicated to continuing this legacy and fostering innovation.

SpotSource empowers companies to create private internal marketplaces or hubs for managing relationships with a wide range of service providers, including marketing agencies, IT firms, R&D partners, and external manufacturers. This strategic shift reinforces SpotSource's position as a leader in service procurement, offering an intuitive platform for managing the entire service provider lifecycle.

SpotSource's expanding client base includes major enterprises across the Fortune 1000, such as one of the largest global consumer packaged goods (CPG) companies, demonstrating the platform's capacity to meet the needs of significant businesses.

SpotSource Inc. (formerly Agency Spotter Inc.) is a cloud-based service supplier management (SSM) software platform that enables companies to manage all aspects of their service provider relationships. SpotSource streamlines the procurement process from discovery and selection to project management, invoicing, and performance reviews.