E2open, the leading provider of cloud-based solutions for collaborative planning and execution across global trading networks, today announced that it has acquired icon-scm, a market leader in supply chain planning and collaboration, in a transaction valued at approximately $34 million in total consideration. By combining icon-scm's integrated planning and analytics capabilities with the E2open Business Network, E2open expands its market opportunity and solution portfolio, accelerates its product roadmap, and extends its position as the leader in the collaborative planning and execution space.
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, 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."
