Jared Hyatt named new Globality CEO as Joel Hyatt steps down. October 14, 2026 After a decade of serving as CEO of Globality, Joel Hyatt has stepped down from the role, with Jared Hyatt taking on the reins Co-founding Globality back in 2015, Joel Hyatt founded the company autonomous sourcing platform to create significant value for companies, government agencies, suppliers and stakeholders by putting AI to responsible use in reinventing procurement. "Globality was the first company to recognize that AI could radically improve the procurement operations at large enterprises, substantially reducing costs and increasing efficiencies," says Joel (LinkedIn). Handling all spend, from strategic to tail, indirect to direct, Globality's AI agents don't just automate a workflow; they reason through the data, decide the right approach for what's being sourced and act on a companies behalf with suppliers. "That flexibility is a real gamechanger, whether it's handling a routine purchase or the most complex sourcing event," says Joel in an interview with Procurement Magazine. A graduate from Dartmouth College and Yale Law School, Joel has dedicated his career to entrepreneurship, founding several organisations over the last 50 years. His start-up ventures have spanned several industries including legal services, technology and media. Joel's start-up ventures: * Hyatt Legal Services - providing affordable legal services to lower- and middle-income families nationwide. * Hyatt Legal Plans, Inc. - pioneered employer-sponsored group legal plans (Aquired by MetLife). * Current TV and Current.com - pioneered the concept of user-generated content (Aquired by Al Jazeera). * VideoSurf - a computer vision search engine (Aquired by Microsoft). Who is Jared Hyatt? Jared is a graduate of Dartmouth College and Standford University School of Business and completed a Foreign Study Abroad Program from the Universitat de Barcelona. Over the last two decades, Jared has worked in entertainment, technology, investment and venture capital at Discovery Communications, Google, VideoSurf, Bertelsmann Asia Investments and Norwest Venture Partners. Jared joined Globality in 2018 as Vice President of Sales. In the last eight years, he has held various other positions within the company, including SVP of Customer Success, SVP of Strategic Partnerships and Chief Financial Officer. "The work at Globality continues under the talented leadership of Jared Hyatt, who the Board promoted from CFO to CEO. It has been a great joy working with Jared these last eight years, and I am proud that he is succeeding me," says Joel (LinkedIn). "I am confident that Jared will lead the company to fulfil our ambition: to create significant value for companies, government agencies, suppliers, and stakeholders by putting AI to responsible use in reinventing procurement. We are still at the beginning of the journey, and there is much growth ahead under Jared's leadership." Joel will remain actively involved in Globality as Chairman, alongside Jared and Co-Founder Lior Delgo on new initiatives related to growth and to its work in the public sector. Company Portals

Glo 2.0 ushers in a new era of procurement efficiency. September 8, 2026 Globality has announced Glo 2.0, the latest upgrade to its Glo platform. Glo 2.0 provides an autonomous platform for the end-to-end sourcing process, from intake, through negotiation to award. Ardent Partners Procurement Metrics that Matter 2026 Report (Registration Required) noted that procurement teams still competitively source only 50.7% of addressable spend. That figure has only risen from 47.1% in the 2022 report. Glo 2.0 could change that substantially. Procurement teams fail to competitively source mainly because they lack capacity. They often prioritise higher-stakes procurement engagements. That gap costs businesses millions of pounds. Glo 2.0 provides agents that act as an extension of the procurement team and enable organisations to competitively source the majority of their needs. Glo 2.0 provides a flexible platform where the human-in-the-loop matters, where relationship building is key, but AI can now handle the long tail of procurement. It offers a level of automation with intelligence that has not been possible before. In addition, the platform meets governance and regulatory requirements. Intelligent agents and autonomous decision making. Globality has long led the way in agentic sourcing innovation. Glo 2.0 represents the next wave of this technology. Agents now reason, act, and make decisions on their own. Previously, AI in sourcing was limited to early event stages. It could draft an RFx and flag suppliers before handing off. Procurement managers still had to run the actual event manually. Each manager could only handle a handful of events at once. That meant teams were forced to prioritise which events to pursue. Now, AI runs the entire sourcing event from intake to award. It generates the RFx, finds suppliers, negotiates and analyzes results without human management. Glo 2.0 is trained on current negotiation techniques, handling them autonomously and simultaneously. It focuses on terms like price, quality, delivery, and risk. After negotiation, Glo conducts scenario analysis and recommends the best supplier based on the scenario. Joel Hyatt, Co-Founder and CEO at Globality, commented, "This is the first truly autonomous sourcing platform where AI runs the complete intake-to-award process. "Our agents don't just automate a workflow. They reason through the data. They decide the right approach. They act on your behalf with suppliers." Customizable autonomy and smarter intake. Every sourcing event carries unique risk and value. Glo 2.0 lets teams decide their autonomy levels, with settings applied organization-wide or to single events. In Collaborative Mode, the team leads supplier interactions. The platform delivers commercial reasoning and builds strategy. In Autonomous Mode, the platform runs everything in between. Procurement defines objectives and sets guardrails. The team approves the final award. No other solution offers both options. Importantly, the platform exposes the commercial reasoning behind any decision, so reviewers can inspect it. What happens when issues arise, such as disputes or post-award issues? Globality replied, "If a supplier has concerns during a negotiation, they can escalate through the conversation tab to Globality support or directly to the client team. Post-award disputes are handled through the client's standard supplier management process, with the full negotiation record available as documentation if needed." Globality explained the audit and explainability feature further when asked. "As a part of our enterprise governance layer, every AI decision and action is logged and exportable. This ensures auditability in the event that a supplier's award is ever brought to question. We are capturing the full exchange between Glo and each supplier in real time. "At close, the conclusion tab shows each supplier's final position, and the award scenarios Glo derived from them, so the sourcing team can trace exactly how a recommendation was reached. Additionally, your team can export the supplier data analysis and see what considerations were used. There's no step in the process that isn't visible to the client." Another feature is Glo Intake. Disconnected legacy systems often bury sourcing opportunities. They require training, misallocate spend, and leave users unsure where to go or which rules apply. Glo Intake provides one conversational entry point, interprets requests, applies procurement policies, and routes them correctly without training or system-hopping. It should-cost analysis compares submitted costs with market rates, helping procurement decide which purchases merit competitive sourcing before supplier commitment. Clearing backlogs and delivering real value. Teams now close in days the events that once took six to ten weeks. Customers report running five to nine times more events. This happens without adding any headcount. Global 2000 companies achieved annual cost savings of 10 to 20 percent. Early results show immediate impact for organizations. Steve Dyson, VP of Global Indirect Procurement, HP, stated, "We've been impressed by what Globality has delivered. The early results from autonomous mode are the most exciting yet. We're competitively sourcing spend we simply didn't have the capacity to reach before." Samer Ijaz, Head of Strategic Sourcing, Dropbox, said, "Globality's autonomous sourcing represents a meaningful opportunity to scale our sourcing work, enabling us to run more events efficiently and ultimately deliver greater value." With Glo 2.0, every event receives full commercial rigor. Strategic indirect spend gets the same depth as direct spend. Teams can now run full sourcing events on categories once too small to justify the effort. What is the time to value, though? Globality answered, "Clients typically see initial cost savings identified within the first sourcing event, often within 2 to 4 weeks of that event going live. Actual time to realized savings varies by category and contract terms." The platform. The system enforces policy and guardrails automatically. It runs on a platform certified to SOC 2 and ISO 27001. Globality offers hosting for Glo 2.0 in both the EU and the US to meet data sovereignty requirements, and is GDPR and CCPA-compliant. The platform supports multiple languages for its natural language interface, including English, French, German, Japanese, Polish, Portuguese, Russian, Simplified Chinese, and Spanish. Globality integrates with several enterprise applications, including Beeline, Coupa, SAP Ariba and Fieldglass. The platform uses a mix of documented public API, webhooks and native connectors, enabling it to integrate with many other platforms. Globality indicated that pricing is consumption-based and tied to the volume running through the platform. It means that as adoption grows and the platform gains trust, its value increases as the pricing scales alongside. Glo 2.0 is available immediately as an upgrade to Glo. Additional costs are minimal. Most clients require standard integrations and support, with customer integrations scoped on an individual client basis and priced by complexity. Enterprise Times: what does this mean. Glo 2.0 cements Globality's position as the market leader in autonomous sourcing. It won the best procurement technology provider title at the 2024 World Procurement Awards. What will other autonomous sourcing solutions do now, Keelvar, Akestro and Coupa will need to take note. Globality is transitioning from a tool provider to an essential AI partner. The shift to consumption-based pricing aligns their success with client outcomes. System integrators and implementation partners must update their skill sets. They will need to support Glo 2.0 integrations with major ERPs like SAP Ariba and Coupa. The focus shifts from manual configuration to strategic deployment of AI agents. Procurement consultants need to understand the implications Glo 2.0 will have for their business model, in a world where AI can move faster and automate processes that were not possible before. Procurement teams can now compete for spend that others previously ignored. The ability to run five to nine times more events without new hires is transformative. Organisations can clear backlogs and realise 10 to 20 percent savings quickly. The "in the loop" option allows for safe adoption without losing control. Importantly, existing clients can upgrade today. Globality briefly shared its roadmap with Enterprise Times, promising stronger guardrails and better award recommendations. This evolution ensures procurement teams stay ahead of complexity. The future of sourcing is now fully autonomous while maintaining full control.