CVM strategically supports supplier diversity programs of all sizes at all stages of it's life cycle.
Working as an innovative leader in the Supplier Diversity community, CVM's mission is to support every program by providing strategic and superior end-to-end Supplier Diversity data and technology solutions. Equipped with unparalleled data intelligence, superior technology and expert guidance, businesses can effectively establish and advance their supplier diversity initiatives. CVM partners with corporate supplier diversity programs in every stage of their evolution; from those that are just getting started, to the most advanced, world-class programs.
Supplier Diversity is a business strategy that encourages the use of diverse suppliers in the procurement of goods and services for any business or organization. Supplier Diversity emphasizes the creation of a diverse supply chain that ensures the inclusion of diverse groups in the procurement plans for government, not-for-profits, and private industry. Statistics show that companies who embrace diversity are more profitable than companies who don’t.
CVM was originally founded in 2002 after two minority entrepreneurs, one with a supplier data company and the other with technology solutions, realized that both data and technology were needed to build a successful Supplier Diversity program. As a result, the two companies merged, and this began the vision for CVM to provide end-to-end solutions to the Supplier Diversity market. Experiencing explosive growth in the following decade, CVM quickly became the industry leader for supplier data and information management solutions.
From 2011 to 2018, CVM Solutions continued its growth under two successive corporate parents. First, in 2011, we were acquired by Kroll, a leading provider of risk solutions. Then in 2018, Kroll itself was acquired by Duff & Phelps, a global advisor in the risk and compliance areas.
In 2019 we have gotten back to our roots after being acquired by supplier.io, a leader and innovator in the supplier diversity data and technology space. With this transaction, we have become stronger, focused solely on the supplier diversity industry. Our programs provide solutions that enhance productivity, give greater insight into spending patterns and communicate the economic impact of their supply chain purchasing.
After 17 years of business, CVM is now better than ever. Building on our combination of strategic planning and leveraging superior analytics, we continue to produce industry-leading solutions that support every stage of a supplier diversity program. From providing high-quality data enrichment to strategically managing entire corporate Supplier Diversity programs, CVM continues to innovate.
Regardless of your supplier diversity program's maturity level, CVM's strategic approach and world-class technology empower you to realize your highly desired goals.
CVM's Supplier Registration portal enables diverse and small suppliers access to and to be discovered by corporations looking for new supplier sources.
CVM provides guidance, consulting, and expertise around best practices in the Supplier Diversity industry. We can help you discover what is possible with your program.
CVM has played a significant role in helping the supplier diversity programs of our clients grow consistently over the course of nearly twenty years. As a testament of our success, CVM clients represent over 50% of the Fortune 100, the Billion Dollar Roundtable, and the 2018 Diversity Inc. Top 50.
CVM has been an advocate for the Supplier Diversity movement and a leader in the industry for many years, and we're also just as passionate about diversity inclusion. Within the walls of CVM, our staff consists of a very diverse community of Women, Gay and Lesbian, African Americans, Asians, Latinos and Asian Indians. Over 50% of CVM's overall workforce is diverse and over 75% of our management team.
It's difficult to understand the needs of a customer unless you have truly walked in their shoes. Well, we have. Our team of seasoned professionals come from the supplier diversity community and, as a result, personally understand the importance of a robust supplier diversity program.
Collectively our team represents over five decades of experience in supplier diversity.