Globality named on Hackett '50 to Know' procurement list

Globality has been named to The Hackett Group's 2025-2026 "50 to Know" list, which tracks procurement technology providers identified by the advisory firm's Solution Intelligence analysts.

The list is part of The Hackett Group's annual review of the global procurement technology market. Globality said it was the only "autonomous sourcing pure-play specialist" included.

Market Review

The Hackett Group's Solution Intelligence analysts, formerly the Spend Matters analyst team, compile the "50 to Know" list through a year-round process that draws on market intelligence, product evaluations, solution demonstrations, and supplier engagement.

For the 2025-2026 review cycle, the firm evaluated about 220 procurement technology vendors globally. Criteria included technology capability, maturity, customer adoption, innovation, and market influence.

The Hackett Group also noted shifting buyer expectations as procurement teams seek clearer returns on technology spending. It said AI features have moved from optional add-ons to baseline requirements in many procurement tools.

Globality's Positioning

Globality describes its product as an agentic technology platform for autonomous sourcing, covering enterprise sourcing from intake through award.

In a statement, Co-founder and CEO Joel Hyatt said the recognition validates Globality's approach to procurement automation and how companies buy goods and services.

"We are honored to be recognized by The Hackett Group on its '50 to Know' list of procurement technology leaders," said Joel Hyatt, Co-Founder and CEO, Globality. "Globality was founded with a simple but transformative mission: to apply agentic technology to reinvent how companies buy the goods and services they rely on. Our autonomous sourcing solution transforms enterprise sourcing from intake through award, dramatically accelerating sourcing cycle times and delivering material cost savings that improve operating efficiency and profitability for our customers. This recognition reflects the dedication of our team, the trust of our customers, and our commitment to building the world's most advanced and effective autonomous sourcing solution."

Globality says its platform uses software agents to interpret purchase intent, generate sourcing documentation, identify suitable suppliers, and execute negotiation strategies, producing award recommendations for procurement teams.

Analyst View

The Hackett Group described the "50 to Know" list as a reference point for buyers assessing procurement technology options, noting that the market is becoming more crowded as AI features spread across platforms.

In a statement, Nikhil Gaur, director of strategic projects and research analyst at The Hackett Group, said differentiation increasingly depends on demonstrated outcomes as well as product innovation.

"These lists often serve as a starting point for organizations evaluating procurement technology investments," said Nikhil Gaur, director of strategic projects and research analyst at The Hackett Group. "As the market becomes more crowded and AI adoption accelerates, providers that stand out are those demonstrating both innovation and the ability to deliver real business impact," said Gaur.

Procurement Software

Procurement technology has expanded beyond traditional source-to-pay suites, with specialist tools focused on supplier discovery, contract management, risk monitoring, and spend analytics. The category has also seen a surge of vendors marketing automation for sourcing and supplier negotiations.

Globality estimated there are at least 15 autonomous sourcing players. It said its inclusion on the "50 to Know" list is notable because the list includes only 50 vendors overall.

Hackett's criteria suggest a balance between product sophistication and market traction. Advisory firms often use customer adoption and maturity as indicators that procurement teams can deploy tools at scale and run them consistently across categories.

Globality said its approach aims to shorten sourcing cycle times and reduce costs, linking sourcing automation to operating efficiency and profitability, particularly for large organisations with complex spend portfolios.

The Hackett Group is expected to continue its vendor recognition programme as it tracks AI adoption and consolidation in procurement software markets.