In May 2019, E2open announced that they have entered into a definitive agreement for the acquisition of Amber Road for an amount of approximately $425 million. As per the agreement, E2open will have a new subsidiary after the acquisition. Additionally, on June 3, 2019 E2open has announced the acquisition of Averetek.
E2open is one of the premier cloud-based providers of networked supply chain solutions, featuring a complete portfolio of applications that enable the world’s most complex supply chains to better plan, collaborate, and execute their end-to-end operations.
Amber Road is amongst the leading vendors in the Global Trade Management market according to the research by Quadrant Knowledge Solutions. Amber Road’s GTM solutions automate import and export processes to enable goods to flow unimpeded across international borders in the efficient, compliant and profitable way. The company’s solutions use a combination of enterprise-class software, intelligent trade content, and a global trade network that connects supply chain participants such as importers, exporters, freight forwarders, customs brokers and transportation carriers.
The combined capabilities of E2open and Amber Road will help their customers fully digitize end-to-end supply chain processes, including sourcing, manufacturing, logistics, distribution, and trade & compliance processes.
E2open has also announced the acquisition of Averetek, a leader in Through-Channel Marketing Automation (TCMA), enabling companies to discover new markets, shape demand and win business through their indirect sales channels. The combination will help global customers to improve visibility and control of their indirect channels. With the addition of Averetek, E2open can now “close the loop”, providing an end-to-end solution for planning, managing and executing channel marketing activities.
Quadrant Knowledge Solutions is conducting a detailed market outlook research on Global Trade Management market. The study will provide a detailed competition analysis in the form of the SPARK Matrix. SPARK Matrix analysis offers a snapshot of key market participants and a visual representation of market participants and provides strategic insights on how each vendor ranks related to their competitors, concerning various performance parameters based on the category of technology excellence and customer impact. Additionally, the research will provide a detailed analysis in terms of market size and market forecast of the global GTM Market and its segments.
For more information, please contact the lead analyst for Global Trade Management research, Akshaysingh Chandel at AkshayS@quadrant-solutions.com.
Source: E2open, Amber Road, Averetek