E2open Acquires Serus for $26,000,000

  • Feed Type
  • Date
    6/5/2014
  • Company Name
    Serus
  • Mailing Address
    5201 Great America Parkway Santa Clara, CA 95054 USA
  • Company Description
    A leader in intelligent, collaborative value-chain solutions, Serus is a configurable software that enables companies to integrate business processes and rule drivers among trading partners to achieve common production goals.
  • Website
    http://www.serus.com
  • Transaction Type
    M&A
  • Transaction Amount
    $26,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    E2open, the leading provider of cloud-based solutions for collaborative planning and execution across global trading networks, today announced the acquisition of SERUS Corporation, a market leader in extended supply chain management (SCM) for high tech companies, for approximately $18.5 million at closing (comprised of approximately $14.5 million in cash and $4.0 million in E2open common stock), with up to an additional $7.5 million in cash contingent upon the achievement of certain revenue-related financial performance milestones.