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E2open Acquires Transportation Management Systems Provider Cloud Logistics
AUSTIN, Texas, October 1, 2018 - E2open, the one place in the cloud to run your supply chain, today announced the acquisition of Cloud Logistics, a leading innovator of transportation management systems (TMS) for the global supply chain market. E2open with Cloud Logistics will offer a unified supply chain platform, providing visibility, collaboration, planning and execution for an extensive network of global trading partners.
"Cloud Logistics has set a new standard in transportation management with their innovative technology and rapid deployments. The combination of this technology with the logistics ecosystem on E2open's network will further accelerate time-to-value for our customers," said Michael Farlekas, chief executive officer of E2open. "Combining transportation management with E2open's leading demand sensing and business planning closes the loop between planning and execution. These applications running on a live end-to-end global business network allows us to continue to drive supply chain convergence for our customers - between data and algorithms, planning and execution, demand and supply, manufacturing and distribution."
Cloud Logistics has been recognized by Gartner, Inc. in the March 2018 Magic Quadrant for Transportation Management Systems. Cloud Logistics also received an Overall Rating of 4.8 out of 5 in the Transportation Management Systems market, on Gartner's Peer Review Insights, based on 6 reviews.* With TMS Made Easy® featuring up to same-day deployment, Cloud Logistics delivers the fastest implementations and onboarding in the industry. Features like an intuitive user experience, customizable alerts, a mobile application designed specifically for drivers, and social technology have all driven adoption across a large range of enterprises.
The acquisition builds upon E2open's existing logistics solutions which have been extending third-party TMS applications across E2open's network, improving visibility into material moves, assessing the impact on sources and destinations and alerting all relevant stakeholders in the multi-party processes. The combination of E2open's transportation forecasting with Cloud Logistics' transportation management also creates a unique opportunity to better assess, procure, and manage transportation capacity. E2open shall continue to use the Cloud Logistics brand.
"Our goal with Cloud Logistics has always been to deliver the fastest route to value to our customers by making the complexities of transportation management simple and manageable for companies of any size," said Mark Nix, founder and chief executive officer of Cloud Logistics. "With E2open, we now have the opportunity to provide improved visibility to moving inventory while optimizing the total costs across the largest network in the world. 'TMS Made Easy' will now be available to the more than 250 E2open enterprise clients as they modernize their transportation technology or enhance visibility through a social technology based 'Logistics Activity Stream.' In joining forces with E2open, a company that shares our values of usability, speed of deployment, and time to value, we envision accelerated innovation, global scale, and a pre-connected worldwide logistics ecosystem that will bring immediate value to all users."
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Gartner Peer Insights Disclaimer
* As of September 28, 2018. Gartner Peer Insights reviews constitute the subjective opinions of individual end-users based on their own experiences, and do not represent the views of Gartner or its affiliates.
About E2open
At E2open, we are creating a more connected, intelligent supply chain. One that starts with the ability to sense and respond to real-time demand and supply constraints. One that brings together data from customers, channels, suppliers, contract manufacturers and partners. One that enables companies to use data in real time, with cognitive artificial intelligence and machine learning to drive smarter decisions. One that delivers all this complex information through a single pane of glass that provides a clear view across the supply and demand ecosystem. E2open is changing everything. Demand. Supply. Delivered. www.e2open.com.