Xometry Acquires Thomas
Xometry’s acquisition of Thomas is expected to rapidly expand the company’s buyer and seller base and enhance its global digital marketplace for manufacturers.
Xometry, a global marketplace for on-demand manufacturing, has acquired Thomas, a leader in product sourcing, supplier selection and digital marketing solutions.
The acquisition of Thomas is expected to rapidly expand Xometry’s buyer and seller base, enhancing Xometry’s global digital marketplace for manufacturers. Xometry also expects to leverage Thomas’ marketing and data services to deliver a suite of end-to-end services for sellers with additional fintech and digital marketing products.
Randy Altschuler, CEO of Xometry, says, “Thomas brings strong brand equity, trusted and extensive relationships, proprietary data and advanced full-funnel marketing services — assets that perfectly complement our digital marketplace. Together, we will introduce new services, cross-sell to our combined base and expand our suite of products, particularly in fintech and digital marketing.”
“Thomas has a long and proud history of bringing active buyers and sellers together on our Thomasnet.com platform and providing the data and marketing services that inform decision-making,” says Tony Uphoff, president and CEO of Thomas. “In joining forces with Xometry, we’re uniting our products with the power of the Xometry marketplace so we can do even more for industry together.”
Xometry connects enterprise buyers across industries such as aerospace, consumer products, defense, industrial, automotive, medical, energy, robotics, green-tech and more with sellers of custom-manufactured parts worldwide. Leveraging AI and machine-learning technology, the Xometry marketplace is said to provide immediate pricing, delivery lead times and quality assurance in a highly fragmented environment, as well as a suite of financial products that enable manufacturers to grow their businesses.
Thomas’ Thomasnet.com platform reportedly boasts more than 1.3 million registered users and more than 500,000 commercial and industrial sellers, including 45,000 diversity certified sellers. According to the company, more than 20 million sourcing sessions are initiated each year on Thomasnet.com, generating extensive first-party buyer intent data across multiple sectors.
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