Foster City, Calif.—July 30, 2013—E2open, a provider of cloud-based solutions for collaborative planning and execution across global trading networks, has acquired icon-scm, a supply chain planning and collaboration company, 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.
“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,” said Mark Woodward, President and CEO, E2open. Additionally, icon-scm's impressive customer roster and employee base significantly broadens our international presence and addressable market."
For more information, visit www.e2open.com.