E2open Recognizes Record Revenue and 30 Percent Growth in FY2010

FOSTER CITY, Calif., April 19 /PRNewswire/ -- E2open, the leading provider of on-demand solutions for demand-supply networks, today announced that it has achieved record growth for the fiscal year ending on February 28, 2010. E2open's backlog in fiscal year 2010 grew by 30 percent and revenue grew 20 percent over fiscal year 2009, and the company ended the year profitable and cash flow positive.

The continuing rise in complexity of demand and supply networks – including outsourced manufacturing, global sourcing and multi-channel distribution – has created a lack of visibility and control that negatively impacts revenue attainment, customer service, operating costs, inventory levels and cycle times.  

"Companies across most industries have now realized that better visibility and collaboration between trading partners is necessary to sense and respond to true customer demand and available capacity," said Mark Woodward, President and CEO, E2open. "As such, even in a tough economic environment, businesses increased their investments last year in solutions that improve operating costs, inventory management, and supply and demand balancing because of the direct positive impact on profitability. Many of them chose E2open based on the fast time-to-value of our SaaS delivery model, as well as our proven expertise and results generated for some of the world's leading companies."

E2open has experienced growing demand for its solutions across both B2B managed services and multi-enterprise business process management applications. Existing clients such as Celestica, Cisco, Dell, IBM, Motorola, and Vodafone continued to expand their investments in E2open and standardize on E2open across their organizations to manage both demand and supply-related activities. In addition, many companies including, Levi Straus & Company, Lenovo, and SPX Corporation began to use E2open.

Increased customer interest is a result of E2open's focus on product innovation that directly addresses the biggest challenges currently facing its customers and the broader industry in this space.  With that in mind, E2open achieved the following in the last fiscal year:

• In July 2009, the company launched E2open 7.0, providing the first and only single platform that supports multiple tiers across both supply and demand networks. With E2open 7.0, customers can gain visibility and collaboration across buy-side and sell-side inter-company business processes with one solution. Customers can now have a truly standardized multi-enterprise platform for all external requirements that complements their existing investments in internal applications such as ERP and PLM.
• In November 2009, Oracle and E2open announced that E2open Logistics Network (ELN) is now available as the connectivity solution for Oracle® Transportation Management to simplify the effort of establishing electronic integration between shippers, transportation carriers and logistics service providers.  Offering a business process-centric approach combined with a SaaS-based delivery of integration capabilities, ELN reduces the time and cost necessary to achieve the benefits of automating logistics-related processes.
• E2open was positioned in the Leaders Quadrant of Gartner's 2009 Magic Quadrant for Integration Service Providers.(1) E2open is raising the bar with prepackaged integration and E2open customers benefit from rapid, error-free and cost effective demand-supply network integration through seamless connectivity.
• E2open is helping global supply chains progress toward achieving "ECO-Operations," by obtaining optimal visibility, collaboration and, as a result, sustainability throughout supply and demand chain networks. E2open and Business Performance Management (BPM) teamed together last year to deliver primary research highlighting the challenges and recommendations to help companies drive environmental impact reductions throughout the global value chain.  

About E2open

E2open is the leading provider of SaaS solutions for demand-supply networks designed to improve visibility, collaboration, and control across multiple tiers of trading partners. E2open delivers a complete solution including software, deployment, operations, and community that compliments existing internal applications such as ERPs and PDMs applications. E2open helps customers drive major improvements across all key demand and supply network performance metrics, resulting in significant cost savings and customer service improvements. Leading companies that use E2open include The Boeing Company, Celestica, Cisco, Dell, Hitachi, IBM, LSI Corporation, Motorola, Seagate Technology, and Vodafone.

Further information can be found at www.E2open.com.

(1) The Magic Quadrant For Integration Service Providers is copyrighted November 20, 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

SOURCE E2open