Leading cloud-based supply chain collaboration and visibility platform expands commerce network solutions portfolio and strengthens position in key vertical industries
PITTSBURGH, PA - TrueCommerce, a global provider of trading partner connectivity, integration and unified commerce solutions, announced today that it has acquired ecUtopia, a best-in-class, cloud-based supply chain collaboration and visibility platform powered by EDI and B2B E-Commerce methodologies. This addition complements the TrueCommerce portfolio of offerings by providing a strategic technology service that strengthens its commerce network in several market segments, in particular the home furnishings and apparel industries.
Today, supply chain business partners at all tiers of the value network are looking for technologies that can help them sense and respond to changes in a timely manner. To accomplish this, companies must be better connected to collaborate on shared goals of improving visibility and operational efficiencies. TrueCommerce is responding to the changing market dynamics by expanding its offering horizontally, geographically, and vertically to better serve its customers, based on their specific industry characteristics and process models.
“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 ecUtopia and their unique solution for a variety of industries, in particular home furnishings and apparel, increases the value we add for our customers and allows us to create vertical depth to enhance our competitive position.”
According to Gartner, “There are two major components of multi-enterprise supply chain business networks platforms. On one side, there is the network, with the network representation and the information hub. On the other side, there are universal and supply chain applications. What we observe year over year is the strong interest from vendors to expand their offerings from a breadth-of-solution standpoint. This mainly comes from merger and acquisitions rather than from organic developments.” (Gartner, Macro Trends Affecting the Multienterprise Supply Chain Business Network Market: Provider and Solution Evolutions, Christian Titze and Barte De Muynck, March 4, 2019)
“We fuel that expansion by adding new solutions from organic development, key partnerships and strategic M&A activity like ecUtopia,” adds Cornell.
“We are very excited about the opportunity to join forces with TrueCommerce and the potential to create new paths to market together,” said Phil Kenney, President and CEO of ecUtopia. “By combining our capabilities we’ll deliver a broader portfolio of supply chain services that are unmatched in the market today.
This acquisition marks another step forward in advancing TrueCommerce’s strategic vision of bringing together a unique set of best-in-class commerce tools under one umbrella to make them even better with new investment, R&D, and unparalleled support to help customers do business in every direction.