Insight Venture Partners has completed its acquisition of E2open, a provider of cloud-based business applications, for $8.60 per share in cash or approximately $273 million.
E2open is a provider of cloud-based, on-demand software that is used to procure, manufacture, sell, and distribute products across trading networks. Customers include Avnet, Celestica, Cisco, HP, IBM, Lenovo, L’Oreal, Motorola Solutions, Seagate, and Vodafone. E2open is headquartered in Foster City, CA (www.e2open.com).
“E2open’s unique business network and cloud-based software solutions provide real time visibility and critical insights into some of the largest supply chains in the world,” said Ross Devor, a Principal at Insight. “We look forward to building upon E2open’s market leading position in a rapidly-changing environment.”
Insight Venture Partners makes expansion and late stage investments in software, e-Commerce, internet and data-services businesses. Founded in 1995, Insight has raised more than $9 billion and made more than 200 investments. The firm is headquartered in New York (www.insightpartners.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-27-15
