E2open (NASDAQ: EOPN) said it has acquired Serus Corp. for approximately USD18.5m at closing (comprised of approximately USD14.5m in cash and USD4.0m in E2open common stock), with up to an additional USD7.5m in cash contingent upon the achievement of certain revenue-related financial performance milestones.
By combining Serus´ robust technology with the E2open Business Network, the company extends its dominance in the high tech supply chain with the addition of technology for design for manufacturing, contracts and compliance, as well as early stage visibility in the semiconductor and technology-driven discrete manufacturing industries.
With the growing dependence on semiconductor-based products, the addition of Serus´ capabilities has a broad range of applications in key industries such as medical devices, aerospace and defense, automotive, industrial equipment and telecommunications.
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. Dealing with issues such as demand spikes, propagation of engineering changes, or supplier interruptions, Serus monitors all supply chain progress on a granular level, allowing partners to review detailed root cause analysis and make recommendations for solutions to problems that arise.
E2open is the provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative planning and execution across global trading networks. For more information, visit www.e2open.com.