E2open acquires icon-scm
E2open has acquired icon-scm with the intention of creating a stronger service for collaborative planning and execution. This development is designed to enable brand owners and their trading partners a way to work together to improve supply chain performance by continuously solving real problems with better information.
The transaction, valued at approximately $34 million in total consideration, 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.
E2open is regarded by shippers as a leading provider of cloud-based solutions for collaborative planning and execution across global trading networks.
“The combined E2open and icon-scm solution focuses on network planning and response solutions which consist of Rapid Optimization and Rapid Resolutions,” said Mark Woodward, President and CEO, E2open in an interview.
“These solutions manage network data from multiple trading partners and are designed to execute rapidly but can be used in a weekly batch scenario as well.”
Woodward added that the acquisition rapidly enables E2open to broaden the addressable market.
“E2open can sell more solutions to its install base customers, as well into icon-scm’s customer base, and additional solutions to win new customers,” he added.
According to Woodward, the icon-scm was an “excellent fit” with E2open’s Cloud connectivity and multi-tier, collaborative process capabilities for planning, orders, inventory and in-transit.