Supply chain visibility hub provider looks to expand into heavy equipment, auto, telecom sectors; also targets China, Europe
Redwood City, CA — July 19, 2005 — Solution provider E2open has secured new financing that the company says it will invest in accelerating its growth into additional industries and geographies.
A provider of software-as-a-service for visibility and control over distributed global supply networks, E2open said it has deployed and operates more inter-company hubs ("eHubs") than any other company in the world.
The company reported this week that it has secured "substantial, late-stage financing" that will be used to fuel further growth in E2open's market position in the electronics industry and to extend into additional industries, including heavy equipment, automotive, telecommunications, consumer durable goods and aerospace and defense.
The company also is looking to expand its recently established presence in China and Europe, where E2Open says it is experiencing increasing customer demand. The company did not reveal the amount of the new funding.
E2open said the new funds would be used to improve the company's financial strength, an important selection criterion for large enterprises evaluating competitive solutions in this space. To more cost-effectively support its growth, E2open said it would use some funds to relocate a majority of its product development and service delivery resources to its operations in Texas and Kuala Lumpur.
"E2open's substantial financial strength established from its original founding continues to satisfy the scrutiny of major global corporations that trust us with the deployment and operation of their mission-critical, inter-company process management solutions," said Greg Clark, E2open president and CEO. "This new round of funding and our operational efficiencies will increase our financial strength even further."
Additional Articles of Interest
— Words of wisdom from one university professor go a long way to help business students excel in supply chain management. Read "Interview with Dr. John T. Mentzer: Teaching Supply Chain" in the June/July 2005 issue of Supply & Demand Chain Executive.
— Benchmarking is one way to improve your supply chain's competitive advantage. For easy guidelines that will help overcome any challenges benchmarking may present, read "Standardizing Benchmarking to Achieve Results."
— Hard data and sophisticated planning are key when goods and materials start flowing upstream through the reverse supply chain. Read more in "Meeting the Reverse Logistics Challenge" in the June/July 2005 issue of Supply & Demand Chain Executive.
Redwood City, CA — July 19, 2005 — Solution provider E2open has secured new financing that the company says it will invest in accelerating its growth into additional industries and geographies.
A provider of software-as-a-service for visibility and control over distributed global supply networks, E2open said it has deployed and operates more inter-company hubs ("eHubs") than any other company in the world.
The company reported this week that it has secured "substantial, late-stage financing" that will be used to fuel further growth in E2open's market position in the electronics industry and to extend into additional industries, including heavy equipment, automotive, telecommunications, consumer durable goods and aerospace and defense.
The company also is looking to expand its recently established presence in China and Europe, where E2Open says it is experiencing increasing customer demand. The company did not reveal the amount of the new funding.
E2open said the new funds would be used to improve the company's financial strength, an important selection criterion for large enterprises evaluating competitive solutions in this space. To more cost-effectively support its growth, E2open said it would use some funds to relocate a majority of its product development and service delivery resources to its operations in Texas and Kuala Lumpur.
"E2open's substantial financial strength established from its original founding continues to satisfy the scrutiny of major global corporations that trust us with the deployment and operation of their mission-critical, inter-company process management solutions," said Greg Clark, E2open president and CEO. "This new round of funding and our operational efficiencies will increase our financial strength even further."
Additional Articles of Interest
— Words of wisdom from one university professor go a long way to help business students excel in supply chain management. Read "Interview with Dr. John T. Mentzer: Teaching Supply Chain" in the June/July 2005 issue of Supply & Demand Chain Executive.
— Benchmarking is one way to improve your supply chain's competitive advantage. For easy guidelines that will help overcome any challenges benchmarking may present, read "Standardizing Benchmarking to Achieve Results."
— Hard data and sophisticated planning are key when goods and materials start flowing upstream through the reverse supply chain. Read more in "Meeting the Reverse Logistics Challenge" in the June/July 2005 issue of Supply & Demand Chain Executive.
- More articles about E2open.
