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Last €0.19 EUR
Change Today +0.01 / 5.56%
Volume 22.2K
HBW On Other Exchanges
EN Paris
As of 11:35 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

hubwoo (HBW) Snapshot

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hubwoo (HBW) Details

Hubwoo provides spend management and collaborative business process automation solutions for goods and services in the cloud. The company operates The Business Network, an open collaborative business platform that allows buyers and sellers to search, connect, and collaborate in an electronic system. It also offers catalog management solutions; services procurement solutions; invoice process management solutions; spend management applications, which allows its customers to access to spend analysis, sourcing, and contract management solutions in a unified platform; and implementation, sourcing, and consulting services. The company primarily operates in Paris, Houston, Chicago, Bonn, London, Manila, and Leuven. Hubwoo is headquartered in Paris, France. As of July 29, 2015, Hubwoo operates as a subsidiary of Perfect Commerce Holdings, LLC.

178 Employees
Last Reported Date: 04/30/15

hubwoo (HBW) Top Compensated Officers

Chairman and Chief Executive officer
Total Annual Compensation: €384.2K
Compensation as of Fiscal Year 2014.

hubwoo (HBW) Key Developments

Hubwoo Reports Unaudited Consolidated Revenue Results for the Second Quarter and Six Months of 2015

Hubwoo reported unaudited consolidated revenue results for the second quarter and six months of 2015. For the quarter, the company reported EUR 6.2 million compared to EUR 6.9 million reported a year ago. The recurring SaaS component of revenue was EUR 5.2 million, down from the same quarter of 2014 as a consequence of the end of customer contracts relating to the technology transition that the company has been experiencing over the last eight quarters. The evolution of Services revenues on sequential quarters shows a decline of 25%, essentially due to the end of the first phase of the implementation of For the six months, the company reported EUR 13.0 million compared to EUR 13.8 million reported a year ago.

Hubwoo Announces Availability of Encryption Capabilities for its Cloud Solutions

Hubwoo announced the immediate availability of encryption capabilities for its Source to Pay solutions in the cloud. This new offering comes as part of the company's continued commitment to its customers, by providing people, process and technology to help them realize the full savings potential of their source-to-pay investments whilst helping them achieve procurement process excellence throughout their global operations. In an ongoing effort to help companies move to the cloud, Hubwoo now provides a data encryption option to ensure that its customers can comply with strict, both internal as well as regulatory, data security requirements. This option allows more companies the opportunity to move to the cloud, even those with the strictest of data security protocols, such as financial institutions. The company's Transparent Data Encryption (TDE) capability takes place at the database level, ensuring the protection of customer data against access from unauthorized users, safeguarding competitive information such as source of supply, award decisions, volume and unit price information. TDE provides the ability to encrypt sensitive data, meaning even if the encrypted data is retrieved, it cannot be understood until authorized decryption occurs. The company provides TDE column encryption which enables the user to encrypt sensitive data stored in select table columns, as well as TDE tablespace encryption which means the user can encrypt all data stored in a tablespace. Both TDE column encryption and TDE tablespace encryption use a two-tiered, key-based architecture. The availability of Transparent Data Encryption comes as part of the company's continued focus on data security for its customers. Already a French publicly traded company with its data centers hosted in Europe, by adding TDE, the company takes security to the next level to help customers stay compliant with data security regulations, avoid risk, and still enjoy the efficiencies and savings of a collaborative source-to-pay business network.

Hubwoo Announces Partnership Agreement with Odesma Ltd

Hubwoo announced a new partnership with Odesma Ltd. The agreement will combine Hubwoo's business process automation solutions with Odesma's procurement expertise, helping both companies' clients realise more savings. This new partnership comes as part of Hubwoo's continued commitment to its customers, to provide people, process and technology to help global companies realise the savings potential inherent within their Source-to-Pay process and achieve procurement process excellence. The agreement enables Odesma to offer Hubwoo's spend management and automation solutions to its customer base, as part of Odesma's commitment to its customers to help them create immediate and sustainable improvements in the performance of their business.


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