There have been some new announcements regarding M&A and new investment monies flowing into technology firms addressing various supply chain management business process and decision-making needs. These announcements continue to reinforce the current attractiveness of logistics, procurement and supply chain management decision-making technology among the broad investment and private equity community.
Acquisition of Panjiva
S&P Global, an operating unit of Standard and Poor’s, has declared intent to acquire Panjiva, Inc. an AI and machine-learning Cloud technology platform provider that supplies intelligence on global trade shipments and trends. Terms of the transaction have not been disclosed. S&P Global has further indicated that the transaction was of modest size and the acquisition is expected to yield profitability of Panjiva in 2019.
A posting from Panjiva’s two co-founders, Josh Green and James Psota, appearing on the company’s web site co-announces the acquisition, and indicates that that the company’s staff will all move under to the S&P Global umbrella.
Supply Chain Matters first introduced the capabilities of Panjiva to our readers in a November 2010 blog which we described as a supply chain business intelligence and information discovery platform. Obviously, a lot of intelligence capabilities have been added since that time.
Additional Funding for FourKites
Logistics real-time visibility and predictive analytics provider FourKites announced that it has raised $35 million in Series B funding, led by August Capital with participation from Bain Capital Ventures and Hyde Park Venture Partners. Founded in 2014, the Chicago based tech company has had two prior investment rounds amounting to $15.5 million.
This provider’s technology supports the ability for manufacturers and retailers to both monitor freight shipments, including aspects of temperature control. Other capabilities include the ability to forecast arrival of goods by analyzing location, weather, and traffic data. Among this provider current customers are ConAgra and Cargill.
Proceeds of this latest investment round are expected to be invested in expanding market presence into Asia and Latin America, doubling existing headcount, and adding to existing predictive capabilities.
Additional Funding for Icertis
Cloud based enterprise contract lifecycle management technology provider Icertis has announced Series D funding of $50 million led by Meritech Capital Partners with participation from PSP Growth and Cross Creek Advisors.
According to the announcement, Icertis has solidified the company’s de-facto leadership in enterprise contract management, signing new marquee customers BASF, Kansas City Southern, Lufthansa AirPlus, Sanofi, and Wipro while deepening its relationship with existing customers 3M, AbbVie, Airtel, Daimler and Microsoft. In 2017, With this latest found, cumulative total funding amounts to $96 million.
With this latest investment round, Icertis has plans to accelerate investment in the Icertis Contract Management (ICM) platform’s risk management, compliance, and revenue optimization capabilities, driven by artificial intelligence. The tech provider also plans to expand geographical footprint in North America, EMEA, and Asia Pacific and opportunistically acquire cutting-edge technologies that address emerging needs.
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