SEG Client, Datalliance, Acquired By TrueCommerce
Sept. 14, 2017 -- Software Equity Group (SEG) announces its client, Datalliance, the world’s largest provider of technology and services to support collaborative replenishment programs such as vendor managed inventory (VMI) and related business needs, has been acquired by TrueCommerce, a global provider of trading partner connectivity and integration solutions. This addition complements the TrueCommerce portfolio of offerings by providing a strategic technology service that extends its commerce network into the collaborative replenishment, inventory management and demand forecasting markets. SEG served as exclusive advisor to Datalliance.
Omni-channel enablement changed the traditional ordering process by requiring more visibility and collaboration. VMI aligns business objectives and streamlines supply chain operations for both suppliers and their supply chain partners. Trading partners focused on collaboration through VMI programs are expanding at a rapid rate, using better demand signals, optimizing shipping and distribution to increase profitability and automating more of the replenishment process to drive efficiency and reduce costs. Datalliance VMI solutions allow them to scale their programs to cover more categories, more geographies, more partners and increase sales.
“Our global growth strategy is founded on increasing the breadth and depth of the services that we offer to our commerce network community,” said Mike Cornell, CEO of TrueCommerce. “The addition of industry leader Datalliance and their collaborative replenishment, inventory management and demand forecasting capabilities increases the value that we add for our customers, allows us access to markets that we previously didn’t have and enhances our competitive position.”
Datalliance is a pioneer in offering VMI as a cloud-based platform and have successfully implemented VMI for hundreds of customers across multiple industries, geographies and business sizes.
“We are very excited about the opportunity to join forces with TrueCommerce and the potential to create new paths to market together,” said Carl Hall, President and CEO of Datalliance.
“With our strategic direction to expand our commerce network offerings to adjacent, yet related solutions, we recognize the importance of vendor managed inventory as a tool to optimize order processing and collaboration between suppliers and their partners,” adds Cornell. “This acquisition follows the announcement of the acquisition of HighJump Software, sister company to TrueCommerce, by Körber AG. Parent company, Accellos Holdings and its primary investor, Accel-KKR will retain TrueCommerce. The sale of HighJump allows TrueCommerce to continue to invest aggressively to grow and expand its global commerce network, as exemplified by the acquisition of Datalliance.”
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.