Blue Yonder buys e-fulfilment firm as revenues soar
Fast-growing international commerce software firm Blue Yonder has acquired e-fulfilment specialist Yantriks to broaden its portfolio after a record-breaking quarter.
The US company (formerly JDA Software) said the acquisition of the SaaS provider of commerce and fulfillment microservices combines real-time transactional systems with supply chain planning, forecasting and fulfillment solutions, to power modern commerce.
The combination of Blue Yonder’s Luminate Commerce solutions and those of Yantriks improve real-time inventory visibility and order fulfillment, end-to-end supply chain visibility, and personalized consumer experiences, according to the company.
“Companies, more so than ever before, are seeking to deliver products to customers with unprecedented velocity, at promised delivery times, with optimized costs through complete plan-to-order-to-fulfillment alignment,” said Girish Rishi, CEO of Blue Yonder. “The combination of Yantriks and Blue Yonder brings together end-to-end systems that begin with the very start of the shoppers’ journey and allows the entire supply chain to be organized around their preferences and choices.”
“Customers increasingly expect a unified experience that is no longer just about brand, product and price,” added Eugene Amigud, founder of Yantriks. “The supply chain, its capabilities, and the ability to promise and deliver customer-facing fulfillment strategies in real-time, is the differentiator enabling B2B and B2C companies to adapt, evolve, and succeed.”
The acquisition comes after Blue Yonder’s SaaS revenue reached $61 million in the quarter ending June 2020, which was 81% higher than the same quarter of 2019 and 11% ahead of Q1 2020. The company’s total revenue fell by 9% to $242 million in Q2 2020.
“Our customers are seeking greater supply chain resiliency and scenario planning, driving demand for our SaaS solutions and cloud implementations,” said CEO Rishi.
He underlined: “Our team rolled out seven unique COVID-19 supply chain offerings for our customers across retail, third party logistics and manufacturing with an emphasis on fast starts, enabling customers to effectively navigate the external environment and deliver essential products and services with more accurate forecasts, inventory visibility and workforce scheduling.”
Blue Yonder, which claims to be the world’s leading, end-to-end, digital supply chain platform provider, added 27 net new customers in Q2 2020 and had 11 deals over $500,000.