E2open Finishes Fiscal Year with Record Results

AUSTIN, Texas, May 11, 2017 /PRNewswire/ -- E2open, the world's largest Supply Chain Operating Network, today announced it has finished the most recent fiscal year with record cash generation, revenue growth, and profitability. E2open revenues doubled in the last year, and profits more than quadrupled. E2open added 17 new clients during the year, and expanded the volume of its operating network by over 15%.

E2open also announced strong positive reactions from customers and analysts to its recent acquisition of Steelwedge. The combination delivers the first collaborative sales and operations planning solution that integrates information across multi-enterprise business networks.

"By adding Steelwedge capabilities to E2open's existing end-to-end solutions, we deliver on the promise of being the one place in the cloud for companies to operate their supply chains," said E2open CEO Michael Farlekas. "While ERP companies are slow to rollout their Integrated Business Planning solutions, we have dozens of companies live and getting value. Why wait?"

E2open also disclosed its upcoming release of Harmony, the company's latest innovation in next generation supply chain technology. Learn more about Harmony at the upcoming Gartner Supply Chain conference.

"We are thrilled about this upcoming announcement and looking forward to sharing it with our customers and industry leaders," said Farlekas. "We believe this will significantly change how the largest companies in the world plan, collaborate, and execute across their complex, global supply chains."

About E2open
E2open is the one place, in the cloud, to run your supply chain. Powered by the world's largest direct business network and a broad portfolio of next generation solutions, E2open enables the world's largest and most complex supply chains to better plan, execute and collaborate. We understand supply chain. Bring us your challenges and E2open will deliver better outcomes. e2open.com

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SOURCE E2open