LEHI, Utah, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Sirion, a global AI-native leader in Contract Lifecycle Management (CLM) software, announced today that it has been named to The Hackett Group's 2025-2026 ‘50 to Know’ list as part of its annual assessment of the global procurement technology market. The program recognizes emerging, leading, and enduring solution providers shaping the procurement technology market. The lists are compiled by The Hackett Group's Solution Intelligence analysts, formerly the Spend M ...

Core Insights - LightSource has been recognized in The Hackett Group's 2026 "50 to Watch" list, highlighting its role in shaping the procurement technology market [1][5] - The company focuses on addressing the underserved area of Direct Materials procurement, which constitutes a significant portion of external spend [2][5] Company Overview - LightSource is an AI-native sourcing platform specifically designed for enterprise procurement, automating the entire sourcing process from supplier discovery to award [6] - The platform aims to enhance efficiency, sourcing outcomes, and collaboration through AI-powered insights, benefiting both buyers and suppliers [6] Evaluation Criteria - The Hackett Group's evaluation process for the "50 to Watch" list involved assessing approximately 220 procurement technology vendors based on technology capability, solution maturity, innovation, customer adoption, and overall market impact [3][4] - The assessment reflects a rapidly evolving landscape where AI-enabled capabilities are increasingly integrated across procurement platforms [4]