E2open Acquires Serus for $26,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f84d91b1-2d4a-46a7-bf48-2f7ddb40f954 - Date
6/5/2014 - Company Name
Serus - Mailing Address
5201 Great America Parkway Santa Clara, CA 95054 USA - Company Description
A leader in intelligent, collaborative value-chain solutions, Serus is a configurable software that enables companies to integrate business processes and rule drivers among trading partners to achieve common production goals. - Website
http://www.serus.com - Transaction Type
M&A - Transaction Amount
$26,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
E2open, the leading provider of cloud-based solutions for collaborative planning and execution across global trading networks, today announced the acquisition of SERUS Corporation, a market leader in extended supply chain management (SCM) for high tech companies, for approximately $18.5 million at closing (comprised of approximately $14.5 million in cash and $4.0 million in E2open common stock), with up to an additional $7.5 million in cash contingent upon the achievement of certain revenue-related financial performance milestones.
