E2open Parent Holdings, Inc. - ETWO STOCK NEWS

E2open Parent Holdings, Inc. (NYSE: ETWO) has announced its participation in four upcoming investor events. CEO Michael Farlekas and CFO Jarett Janik will present at the Deutsche Bank Virtual Technology Conference on September 9, 2021, the Jefferies Virtual Software Conference on September 14, 2021, the Bank of America Securities Virtual Industrial Software & Automation Summit on September 21, 2021, and the Baird Commerce Technology Symposium on October 19, 2021. Each event will be webcasts live and archived on the company's investor relations website.

E2open Parent Holdings has completed the acquisition of BluJay Solutions, enhancing its position as a leading SaaS supply chain management provider. This strategic acquisition is set to expand E2open's supply chain execution capabilities by nearly 25% and add a complementary global trade management platform. The combined entity is projected to generate approximately $570 million in non-GAAP revenue for fiscal year 2022. With the addition of BluJay’s customer base and innovative solutions, E2open aims for accelerated growth and improved service offerings across its expanded global market.

E2open (NYSE: ETWO) announced the appointment of Kari Janavitz as Chief Marketing Officer, effective immediately. Janavitz brings extensive experience from TE Connectivity (NYSE: TEL), where she was recognized for her contributions in brand building and digital marketing. Her role will involve overseeing various marketing functions to facilitate E2open's next growth phase. CEO Michael Farlekas emphasized Janavitz's innovative approach as a key asset for driving company growth, particularly in response to supply chain challenges exacerbated by recent global events.

E2open Parent Holdings, Inc. (ETWO) announced the details for a special meeting on August 31, 2021, at 9:00 a.m. ET, to be held remotely via teleconference due to COVID-19 concerns. Stockholders can join by calling 833-780-7941 or 704-815-6180 with conference ID 9235049. The meeting aims to vote on proposals related to the Share Purchase Deed with BluJay TopCo Limited. A definitive proxy statement has been filed with the SEC, providing critical information on the transaction. Further details are accessible on E2open's proxy statement page.

E2open (NYSE: ETWO) has released its third-quarter technology update, showcasing enhancements in its supply chain management software. Key improvements include a new channel marketing control center, enhanced shortage analysis, analytics for global trade compliance, and automated business process workflows. These updates aim to empower companies to make better, more connected decisions by improving visibility and control across their supply chains. E2open's solutions focus on increasing resilience and agility in response to global supply chain challenges.

E2open (NYSE: ETWO) has formed a strategic partnership with Vizient, Inc., the largest U.S. healthcare performance improvement company, to develop a cloud-based healthcare resilience platform. This initiative aims to enhance supply chain transparency and predictability for member health systems. The platform will provide real-time insights into inventory, logistics, and demand forecasts, effectively addressing supply chain disruptions highlighted by the COVID-19 pandemic. The technology is expected to launch in early 2022, benefiting acute care providers and healthcare suppliers.

E2open Parent Holdings, Inc. (ETWO) reported its fiscal first quarter 2022 results, with total GAAP revenue at $66.3 million, down 20.2% from last year. Non-GAAP revenue increased 6.9% to $88.8 million. Subscription revenue fell 26.7% to $51.0 million. Despite a net loss of $169.4 million, EBITDA showed an adjusted increase of 8.3% to $29.2 million. The company anticipates a full fiscal year 2022 revenue growth of over 10% and highlighted its acquisition of BluJay Solutions, which is expected to enhance its growth.

E2open (NYSE: ETWO) announced its partnership with Tesco PLC to replace their legacy transport management system with E2open’s cloud-based supply chain platform. This collaboration aims to enhance visibility, streamline transport execution, and optimize invoice processes while fostering supply chain collaboration. E2open's platform will enable Tesco to standardize operations globally, reduce costs, and prevent consumer shortages through better inventory and logistics management, ultimately improving stock management and fill rates.

E2open Parent Holdings (ETWO) has been added to the Russell 3000 Index, effective June 28, 2021. This membership also results in automatic inclusion in the Russell 2000 Index and associated growth and value style indexes. The Russell indexes are crucial for investment managers, with $10.6 trillion in assets benchmarked against them. E2open's CFO, Jarett Janik, expressed that this inclusion will enhance the company's visibility and expand its shareholder base, signaling potential growth opportunities for investors.