NASDAQ OMX

TrueCommerce Acquires Datalliance

Del

Leading vendor managed inventory service complements commerce network solutions portfolio to maximize supply chain performance

PITTSBURGH, Sept. 14, 2017 (GLOBE NEWSWIRE) -- TrueCommerce, a global provider of trading partner connectivity and integration solutions, announced today that it has acquired Datalliance, the world's largest provider of technology and services to support collaborative replenishment programs such as vendor managed inventory (VMI) and related business needs. This addition complements the TrueCommerce portfolio of offerings by providing a strategic technology service that extends its commerce network into the collaborative replenishment, inventory management and demand forecasting markets.

Omni-channel enablement changed the traditional ordering process by requiring more visibility and collaboration. VMI aligns business objectives and streamlines supply chain operations for both suppliers and their supply chain partners. Trading partners focused on collaboration through VMI programs are expanding at a rapid rate, using better demand signals, optimizing shipping and distribution to increase profitability and automating more of the replenishment process to drive efficiency and reduce costs. Datalliance VMI solutions allow them to scale their programs to cover more categories, more geographies, more partners and increase sales.

"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 industry leader Datalliance and their collaborative replenishment, inventory management and demand forecasting capabilities increases the value that we add for our customers, allows us access to markets that we previously didn't have and enhances our competitive position."

Datalliance is a pioneer in offering VMI as a cloud-based platform and have successfully implemented VMI for hundreds of customers across multiple industries, geographies and business sizes.

"We are very excited about the opportunity to join forces with TrueCommerce and the potential to create new paths to market together," said Carl Hall, President and CEO of Datalliance.

"With our strategic direction to expand our commerce network offerings to adjacent, yet related solutions, we recognize the importance of vendor managed inventory as a tool to optimize order processing and collaboration between suppliers and their partners," adds Cornell. "This acquisition follows the announcement of the acquisition of HighJump Software, sister company to TrueCommerce, by Körber AG. Parent company, Accellos Holdings and its primary investor, Accel-KKR will retain TrueCommerce. The sale of HighJump allows TrueCommerce to continue to invest aggressively to grow and expand its global commerce network, as exemplified by the acquisition of Datalliance."

For more information please refer to the frequently asked questions (FAQs).

About Datalliance  

Datalliance is the world's largest provider of technology and services to support collaborative replenishment programs such as Vendor Managed Inventory (VMI) and related approaches.  Delivered as a cloud-based platform backed by extensive customer care, Datalliance makes it easy for trading partners to establish inventory management relationships that increase sales and profits by fully aligning business objectives, increasing on-shelf availability, optimizing turns, and reducing supply chain costs.  Datalliance manages billions of dollars in orders, millions of SKUs, and tens of thousands of locations worldwide for leading companies in consumer and industrial markets. For more information about Datalliance, visit www.datalliance.com.

About TrueCommerce

TrueCommerce revolutionizes trading partner connectivity by linking suppliers, retail hubs and end consumers in one global commerce network.

With our flexible, integrated and fully managed service solutions, customers of any size can easily connect with any trading partner while enjoying the peace of mind of a proven service platform that reliably handles tens of millions of transactions annually without the need for any customer interaction.

From the factory to the warehouse, from distributor to retail storefront, achieve new levels of business connectivity and performance with the world's most complete trading partner platform.

TrueCommerce: Connect. Integrate. Accelerate.

For more information, visit http://www.truecommerce.com.

Media Contact 
Yegor Kuznetsov
TrueCommerce 
1-703-209-0167
yegor.kuznetsov@highjump.com




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Datalliance via Globenewswire

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