COLORADO SPRINGS, Colorado and MINNEAPOLIS, Minnesota – July 7, 2014 – Accellos and HighJump Software, each leading global providers of supply chain management software and trading partner network technology, today announced that they have agreed to merge, creating a market leader with over 11,000 customers in 23 countries with operations in North America, Asia and Europe. The combination of the two companies creates a product portfolio that is uniquely positioned to meet the advancing needs of retailers, distributors, manufacturers, and logistics service providers to manage complex order fulfillment cycles and collaborate with supply chain partners.
The combination of Accellos and HighJump brings together a unique set of technologies, including networked trading partner connectivity, warehouse management, transportation management, and route delivery. This creates the opportunity for customers to work with a single technology provider with an adaptable technology backbone for omni‐channel supply chain operations and organizations of all sizes.
The merged company will operate under the name HighJump and continue to use the Accellos brand for midmarket supply chain execution technology. Accellos founder and CEO Michael Cornell has been appointed CEO.
“Discussions with our customers have made it clear that omni‐channel is a catalyst for rethinking their supply chain and its underlying technology,” said Michael Cornell, CEO of Accellos. “This combination brings extremely complementary technology to both Accellos and HighJump customers. Our collective supply chain execution product portfolio is one of the broadest and most adaptable in the industry, and covers the unique needs of large enterprises, 3PLs, and SMBs. HighJump’s trading partner network is a model for the power of a next generation ‘connect‐once, access‐all’ network that can provide significant value to Accellos customers. Additionally, HighJump and Accellos share a common culture rooted in a relentless focus on developing innovative products and strong customer support. This focus allowed us to add over 1,100 new customers in 2013 alone. We think this combination will further allow us to continue to meet and exceed the expectations of our customers and partners in the future.”
The combined company is strongly committed to all the Accellos and HighJump product lines going forward, and current customers’ investments in existing solutions will continue to be protected. The combined company expects that the convergence of the solution set over time will create significant benefits for customers through innovative software and services that help existing and new customers optimize their supply chains.
This merger was financially sponsored by Accel‐KKR, a leading technology‐focused private equity firm with over $2.5 billion in assets under management and an existing investor in Accellos. Accel‐KKR focuses exclusively on investments in software and technology companies with strong growth profiles.
About Accellos
Accellos is a global provider of software solutions specifically designed for the unique needs of logistics service providers and midsized businesses. Over 4,000 companies trust Accellos to be the technology backbone of their global supply chains. Accellos provides solutions for warehouse management systems (WMS), third party logistics (3PL), fleet management, transportation management systems (TMS), trading partner integration, retail store operations, automated barcode data collection, parcel shipping, transportation optimization and supply chain business intelligence. Accellos solutions are built on the AccellosOne platform, a modern technology platform featuring a user‐friendly interface and simplified technical administration. For more information, email info@accellos.com or visit www.accellos.com.
About HighJump Software
HighJump Software is a global provider of supply chain management software that streamlines the flow of inventory and information from supplier to store shelf. HighJump Software solutions for distribution and logistics, direct store delivery and mobility, trading partner connectivity, and manufacturing include: warehouse management systems, transportation management systems, route accounting systems, manufacturing execution, mobile sales, the TrueCommerce™ Network Platform. Functionally rich and highly adaptable, HighJump Software solutions support growing and evolving businesses in distribution, food and beverage, 3PL, retail, healthcare and consumer goods industries. For more information, visit www.highjump.com.
About Accel‐KKR
Accel‐KKR is a technology‐focused private equity firm with over $2.5 billion in assets under management. The firm invests primarily in software and technology‐enabled businesses well positioned for topline and bottom‐line growth. At the core of Accel‐KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through the significant resources available through the Accel‐KKR network. Accel‐KKR has a particular focus on buyouts and recapitalizations of family‐owned or closely‐held private companies, going‐private transactions and divisional buyouts of larger companies. It invests across a range of structures, functions as minority or majority investors and commits a wide range of capital – from less than $10 million to over $100 million. The firm has offices in Menlo Park, Atlanta, and London.
