Arkestro is a predictive procurement platform that helps procurement teams identify savings, set benchmarks and make data-backed offers before suppliers submit quotes. It brings suppliers into sourcing events with performance and pricing context and supports collaboration with those suppliers. Arkestro is delivered as an online service (SaaS).
Arkestro, Inc. is based in San Francisco, California, so its headquarters are in the United States. A US vendor is subject to US legislation such as the CLOUD Act, even where data is stored in Europe. The published information does not say where the platform hosts data. Its privacy policy states that data may be processed in the United States or other countries outside Europe, and refers to the EU-US Data Privacy Framework and to a representative in the EU and the United Kingdom. The product is not open source. European organisations that enter procurement data and supplier pricing should have the hosting location and the processor terms confirmed in writing before they start.