HighJump acquires electronic trading platform provider Wesupply
Published: 02 September, 2015
HighJump, a provider of supply chain management solutions, has announced its acquisition of Wesupply, a provider of supplier enablement and B2B integration solutions across multiple industries including retail, building, CPG, energy and manufacturing.
With the acquisition, HighJump says it further expands the company’s global footprint and extends its position in the market for trading partner connectivity and omni-channel enablement.
Wesupply's electronic trading platform will increase HighJump TrueCommerce EDI Solutions' global reach to more than 10,000 trading partners and 130,000 trading connections, HighJump says.
In addition, the acquisition of Wesupply will empower the growth initiative of HighJump TrueCommerce, with the addition of a multi-tenant SaaS solution that enables quick onboarding of new trading partners and rapid time-to-value for community members.
Wesupply will join HighJump's existing European network business operating out of Manchester and Dublin (Atlas Products International), and Copenhagen (HighJump B2Bi).
"With the dynamics of today's supply chain, retailers around the world are embracing omni-channel enablement as a top priority to remain profitable while meeting customers' expectations across channels," said Michael Cornell, chief executive officer of HighJump.
"With the addition of Wesupply's platform, HighJump TrueCommerce will enhance its global trading network to offer a complete solution for retailers and suppliers, optimizing fulfillment sources and reducing procure-to-pay cycles," he added.
Wesupply has successfully deployed electronic data interchange (EDI) and e-invoicing solutions to UK hubs and suppliers including Sainsbury's and builders merchant Saint-Gobain. The company offers a fully managed service platform complemented by an application for B2B message tracking, order fulfilment and invoice processing.
"The combination of Wesupply and HighJump will allow us to further expand our customer offerings while we continue to bring a unique approach to electronic trading and supplier onboarding," said David Grosvenor, chief executive officer of Wesupply.
"We are constantly looking for ways to remove complexity from the supply chain and trading partner relationships. We look forward to continuing to execute on that vision with the HighJump TrueCommerce team and furthering the growth of the offering in Europe."