TradeBeyond, a Hong Kong-based leader of extended supply chain management solutions for private label and branded merchandise, acquired Pivot88, a Laval, Quebec, Canada-based SaaS provider of quality, compliance, and traceability solutions to brands and retailers around the world.
The amount of the deal was not disclosed.
The combination of TradeBeyond’s deep solutions in product development, sourcing, and supply chain management with Pivot88’s AI-powered functionality in quality, compliance, and traceability will create a comprehensive platform that reinforces TradeBeyond’s commitment to offering a multi-enterprise solution to streamline retail supply chains.
Powered by Applied AI, Pivot88’s platform enables a 360-degree view of products from cradle to grave, equipping retail businesses with actionable supply chain data to mitigate risk. The company orchestrates quality and compliance processes across more than 50,000 supply chain partners in 112 countries. Its customers include many of the world’s largest and most recognizable brands and retailers.
Pivot88 co-founder Stephane Boivin, will continue in a leadership position at TradeBeyond
Led by Michael Hung, CEO, TradeBeyond helps brands, retailers, and suppliers achieve more efficient, responsible, and profitable supply chains. Its CBX platform offers a broad range of SaaS solutions that integrate product development (PLM), sourcing, ordering, quality management and logistics. The CBX platform empowers a global supply chain network of over 50,000 retailers and supplier partners to streamline their efforts from product ideation to production and beyond.
Since EQT’s investment into the company in 2022, TradeBeyond has invested heavily in organic growth, expanding its geographic reach and product offerings, particularly its ESG solutions.
FinSMEs
13/09/2023