CVM's purpose is to support every supplier diversity program coast-to-coast and beyond.
Working as a trusted advisor to the Supplier Diversity community, CVM's mission is to support every program by providing innovative 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.
2019 has brought us forward and we have been acquired by supplier.io, a leader and innovator in the supplier diversity data and technology space. With this recently announced transaction, we remain a strong company solely focused on helping supplier diversity programs improve their impact by providing solutions that enhance their productivity, give greater insight into spending patterns and communicate their economic impact from their supply chain purchasing.
We are proud to say that after 17 years of business, CVM is running as strong as ever. Building on our years of expertise and leveraging existing product data, we continue to produce industry-leading solutions that support every stage of a supplier diversity program. From providing high-quality data enrichment to managing entire corporate Tier 2 programs, we can't wait for the next 17 years.
Regardless of your supplier diversity program's maturity level, CVM's unmatched data and world-class technology empower you to realize your goals.
CVM's Supplier Registration portal enables diverse and small suppliers to be discovered by companies looking for new sources of supply.
CVM is here to help every step of the way in the development of your supplier diversity program to provide guidance, consulting, and expertise around best practices.
We take pride in knowing that we have played a significant role in helping supplier diversity programs grow consistently over the course of more than a decade. As a token of our success, our clients represent half of the Fortune 100, the Billion Dollar Roundtable, and the 2018 Diversity Inc. Top 50.
We've been an advocate for the Supplier Diversity movement and a leader in the industry for many years, but we're also just as passionate about diversity inclusion. If you walk the halls of our headquarters in Westchester, Illinois, you will see a very diverse community of Women, Gay and Lesbian, African Americans, Asians, Latinos and Asian Indians. Over 50% of the overall workforce is diverse and 75% of our management team is made up of representatives of at least one diverse category. CVM, for example, is a huge advocate for women in higher management positions and, as a result, women represent almost 50% of our leadership.
It's difficult to understand the needs of a customer unless you have truly walked in their shoes. Well, we have. We've assembled a team of seasoned professionals who themselves come from the supplier diversity community and, as a result, personally understand the requirements of a robust supplier diversity program.
Collectively our team represents over five decades of experience in supplier diversity.