E2open, provider of cloud-based solutions for collaborative planning and execution across global trading networks, has acquired icon-scm, a provider of supply chain planning and collaboration technology, 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 hopes to expand its market opportunity and solution portfolio in the collaborative planning and execution space.
The E2open Business Network offerings include multi-tier planning, response management and analytics.
"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."