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Wednesday, 07 August 2013 09:34

E2open acquires icon-scm

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E2open, a provider of Cloud-based solutions for collaborative planning and execution across global trading networks, has acquired icon-scm, a market leader in supply chain planning and collaboration, in a transaction valued at approximately US$34 million in total consideration.

The acquisition represents an important component of E2open's mission to redefine traditional supply chain management with strategic, Cloud-based solutions designed to facilitate collaboration across today's global trading networks. The E2open Business Network features fully-integrated business process management solutions – including multi-tier planning, response management, and analytics –uniquely positioning the company as the industry leader in cross-network collaborative planning and execution.

"I am pleased to announce the addition of icon-scm to E2open and our Business Network of more than 36,000 trading partners around the globe," said Mark Woodward, President and CEO, E2open. "By bringing together icon-scm's planning and response technologies and E2open's portfolio of Cloud-based connectivity, business process, and analytics solutions, we will create the industry's first integrated platform for supply chain control towers. Additionally, icon-scm’s impressive customer roster and employee base significantly broadens our international presence and addressable market."

icon-scm combines world-class supply chain expertise with leading-edge technologies to create solutions that drive measurable improvements in supply chain management and execution. Global market leaders including Hewlett-Packard, Western Digital, Foxconn, and Sanmina rely on icon-scm to achieve significant gains in customer satisfaction, revenue, and profit margin while reducing inventory and liability.

"The pairing of icon-scm and E2open seemed natural from the beginning – in large part because both companies are fundamentally designed to do the same thing: transform global supply chain operations," said Jan Aggerbeck, CEO of icon-scm. "Together, we will be able to offer the marketplace the first truly integrated, real-time solution for supply chain planning, collaboration, and execution. It's a great win for our customers, and an exciting time for our industry."

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