Value Innovation Technologies (VIT) Market Research Report

Company Overview

• Name: Value Innovation Technologies (VIT)

• Mission: Empowering diversity spend through B2B e-commerce solutions by connecting large corporations and government agencies with MWBEs (Minority/Women-Owned Business Enterprises) and HUB (Historically Underutilized Business) certified businesses.

• Founded: 1992

• Founder: Ray Kennedy, who transitioned from an executive role at Truist Bank to start this venture, initially as American Product Distributor (APD).

• Key People:

• Ray Kennedy, Co-Founder and Chairman

• Cy Kennedy, Chief Executive Officer

• Eva Dinion, Co-Founder & Senior Vice President of Technology and Operations

• Tamara Tyrell, Director of Operations

• Juanita Richardson, System Administrator

• Dr. Winslow Sargeant, Senior Advisor

• Mark Newsome, Senior Advisor

• Jonathon Nash, Senior Advisor

• Headquarters: 222 S. Church St., Suite 326, Charlotte, NC 28202

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Specializes in connecting large corporates and agencies with certified diverse businesses through advanced B2B e-commerce solutions and platforms.

Products

• Products Offered:

• eLink technology: A cloud-based software solution aimed at managing procurement spend.

• High-Level Description:

• An eCatalog solution focused on repetitive procurement purchases.

• An eCommerce system integration tool designed to help resellers, distributors, and wholesalers increase efficiency and sales.

• Key Features:

• Customizable, cloud-based platform.

• Incorporates eCommerce best practices with procurement principles.

• Awarded for global innovation, particularly through collaboration with Red Hat.

• Patented technology acknowledged for improving B2B commerce efficiencies.

Recent Developments

• Recent Developments:

• Awarded the Red Hat Accelerate, Integrate, Automate Award for innovative work in software development.

• Significant emphasis on the development and management of B2B marketplaces for various stakeholders.

• New Products Launched: No information is available

• New Features Added: No information is available

• New Partnerships: Collaboration with Red Hat on software development.

This detailed exploration of Value Innovation Technologies (VIT) highlights its unique approach to enhancing B2B interactions through nurturing diversity in commerce, combined with a strong technological foundation and leadership.