Arkestro Expands European Operations Amid Rising Demand for Predictive Procurement
Arkestro, a predictive procurement platform, is expanding its European presence due to significant growth, with nearly $300 million in European spend now processed on its platform and year-over-year spend increasing by 93%.
Arkestro, a company specializing in predictive procurement technology, announced plans to expand its European operations at DPW Amsterdam 2026. The expansion comes as the company reports substantial growth in the region, with European spend on its platform increasing by 93% year-over-year to nearly $300 million.
Spend across international procurement events facilitated by Arkestro has seen a 330% rise between 2024 and 2025, with an additional 47% growth projected for 2026. This momentum is attributed to existing global clients extending their use of Arkestro to additional European teams, categories, and supplier networks. Companies are seeking to accelerate procurement decisions, improve supplier engagement, and navigate market volatility.
Customer adoption within Europe has also intensified, with platform users growing by 78% annually. This indicates a shift from sporadic procurement events to more consistent application of predictive procurement and AI across diverse business functions and markets. Arkestro's platform now spans supplier networks across 34 European countries, with customers achieving an average of 10% savings on completed procurement events.
"Europe is an important market for predictive procurement because many of the challenges enterprises are managing, like cost pressure, fragmented supplier networks, regulation and geopolitical volatility, reward organizations that anticipate rather than simply react," said Rob DeSantis, CEO of Arkestro. The company plans to discuss its European growth and the future of procurement technology at upcoming industry events, including DPW Amsterdam and its own Optimal '26 conference in Houston.