This is not exactly in my field, but this acquisition news opens a door on what’s happening in supply chain technology markets.
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.
This strategic acquisition reinforces TradeBeyond’s commitment to offering the most comprehensive multi-enterprise platform to streamline retail supply chains, enabling businesses to bring products to market more efficiently, responsibly, and profitably. The combination of TradeBeyond’s deep solutions in product development, sourcing, and supply chain management with Pivot88’s rich, AI-powered functionality in quality, compliance, and traceability will create a powerful platform that is unparalleled in the market.
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. As a result, TradeBeyond is on track to double its recurring revenue growth in 2023. The Pivot88 acquisition is a major step in TradeBeyond’s M&A strategy to invest in pioneering solutions that will better serve its expanding customer base and capture a larger share of the growing SaaS supply chain market.
This strategic move will not only deepen TradeBeyond’s service offerings but also enhance operational efficiency. By pooling resources and expertise with Pivot88, the combined entity will generate economies of scale that will strengthen its competitive standing, allowing both brands to better meet the evolving needs of the global supply chain landscape.