The cloud-based collaborative planning and visibility platform E2Open has acquired SERUS, a cloud-based supply chain management solutions provider, for $18.5 million, the company said Wednesday.
SERUS’ solutions, in particular, provide visibility into outsourced semiconductor manufacturing, a key market for E2Open.
“SERUS orchestrates the data and decision-making from engineering to operations and finance for companies in near real-time when disruptive changes occur that will impact output, inventory, costs and ultimately customer satisfaction,” E2Open said in a statement, “dealing with issues such as demand spikes, propagation of engineering changes, or supplier interruptions.”
E2Open said it has 38,000 trading partners on its so-called Business Network.
“SERUS’ market-leading technology platform extends visibility deeper into manufacturing and greatly complements E2open's portfolio of cloud-based connectivity, business process and analytics solutions,” said E2Open President and Chief Executive Officer Mark Woodward. “SERUS’ impressive customer roster of semiconductor industry leaders, and its employees with significant high-tech expertise, perfectly align with E2open’s traditional strength in high tech.”
The purchase price is composed of $14.5 million in cash, $4 million in common stock, with an additional $7.5 million in cash contingent upon the achievement of certain revenue-related financial performance milestones.