SAN FRANCISCO–February 14, 2017–Atlas Technology Group (“Atlas”) is pleased to announce they served as exclusive financial advisor to Steelwedge, on the company’s sale to E2open. Steelwedge is a software company focused on best-of-breed Sales & Operations Planning (S&OP) / Integrated Business Planning (IBP) solutions. E2open is the largest and most comprehensive supply chain operating network. E2open is majority owned by Insight Venture Partners.
The combination of Steelwedge and E2open delivers the first collaborative sales and operations planning solution that integrates information across multi-enterprise business networks.
This completes Atlas’ 39th transaction since January 2013. Full details of the transaction are available via the official press release below.
About Atlas Technology Group
Established in 2010, Atlas Technology Group is the advisor of choice in global, software M&A. Since 2013, Atlas has advised on 39 transaction. Based in San Francisco, Atlas leverages its deep software expertise and relationships with strategic acquirers globally. With more partners focused on software companies than any other investment banking firm, Atlas has advised on transactions ranging from $100 million to over a billion dollars. Each of their transactions receives senior-level, hands-on attention, ensuring flawless deal execution and optimizing value for all parties. With all capabilities, but specializing in sell side transactions, they have advised their clients on becoming acquired by companies like Microsoft, GE, Dell, ABB, Nokia, eBay, The Carlyle Group, and Thoma Bravo.
E2open and Steelwedge Join Forces to Deliver Collaborative Sales & Operations Planning Across Multi-Enterprise Business Networks
Leading supply chain operating network adds best of breed S&OP solution
Austin, TX – February 13, 2017 – E2open, the largest and most comprehensive supply chain operating network, today announced that it has merged with Steelwedge, a software company focused on best-of-breed Sales & Operations Planning (S&OP) / Integrated Business Planning (IBP) solutions. The combination delivers the first collaborative sales and operations planning solution that integrates information across multi-enterprise business networks.
Founded in 2000, Steelwedge’s cloud planning platform helps companies align product, sales, demand, supply, strategy, operations and financial decisions across roles, geographies, products, time horizons, channels, customers and suppliers to improve efficiency and outcomes. Leading global enterprises including Canon, Pfizer, HP Inc, Jaguar Land Rover, Lenovo, Nissan and Monsanto rely on Steelwedge’s cloud-based solution.
“Our clients have told us that simply focusing on planning is not enough and they need the ability to execute what they plan,” said Pervinder Johar, CEO Steelwedge. “By joining our companies, we pair Steelwedge’s best-in-class planning with E2open’s operating capabilities and business network to deliver real-time information and responsiveness companies need in today’s fast-moving environments.”
“E2open’s goal is to be the one place, in the cloud, for companies to operate their supply chains in real time. Adding S&OP capabilities increases the breadth of solutions we can offer to our customers, and multiplies the value we deliver,” said E2open CEO Michael Farlekas. “When E2open acquired Terra Technology and Orchestro, we became the first solution to use Point of Sale (POS) data from the channel along with cognitive learning, demand sensing algorithms, to dramatically improve demand forecast accuracy. Adding the world’s best S&OP solution to our platform means E2open can now provide the most accurate demand plan, constraint-based supply plans, and a financial plan to operate the supply chain in real time. E2open delivers the agility, responsiveness, and real time connectivity that ERP systems are missing.”
This combination makes E2open the largest purely cloud-based supply chain software company in the world.
Founded in 2000, E2open provides the largest and most comprehensive Supply Chain Operating Network, including a broad suite of collaborative supply chain solutions. Leading global enterprises rely on E2open to provide greater end-to-end visibility, more accurate data and insights, and real-time business process orchestration across complex, multi-tier trading partner networks. For more information, visit e2open.com.