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E2open Parent Holdings, Inc. (symbol: ETWO) is a leading provider of cloud-based, on-demand software solutions designed to optimize supply chain management across global trading networks. The company offers a comprehensive end-to-end SaaS platform that integrates networks, data, and applications, empowering enterprises to efficiently procure, manufacture, sell, and distribute products. E2open's platform leverages real-time information, integrated business processes, and advanced analytics to provide deep visibility and control over trading networks.
E2open serves a diverse range of industries and boasts an impressive client list that includes major corporations such as Avnet, Celestica, Cisco, HP, IBM, Lenovo, L'Oréal, Motorola Solutions, Seagate, and Vodafone. The company operates primarily in the Americas but also has a significant presence in Europe and the Asia Pacific regions.
Recent achievements for E2open include strategic partnerships and continuous enhancements to its software solutions. The company's relentless focus on innovation and customer-centric approach has solidified its position as a key player in the supply chain management sector.
E2open's cloud-based platform supports a wide array of functionalities, including channel shaping, business planning, logistics, trade, manufacturing, and supply management. By combining these capabilities, E2open enables enterprises to streamline their operations, enhance efficiency, and drive business growth.
With a commitment to delivering value through technological excellence, E2open continues to invest in research and development to stay ahead of industry trends and meet the evolving needs of its customers. The company's financial health is robust, supported by a strong revenue stream and strategic investments aimed at scaling operations further.
Stay updated with the latest news and developments about E2open by visiting their official website or following their news releases. E2open remains dedicated to transforming supply chain management through innovative solutions and superior service.
E2open Parent Holdings, Inc. (NYSE: ETWO) has announced its participation in the 17th Annual Needham Technology and Media Conference on May 17, 2022, at 3:00 p.m. Eastern Time. The event will be accessible via live webcast, with an archived presentation available on the company's investor relations website following the event.
E2open offers a cloud-based supply chain management platform designed to enhance real-time data usage for improved decision-making through AI and machine learning.
E2open Parent Holdings (NYSE: ETWO) has launched the CONNECT 2022: The Europe Exchange conference in Rotterdam, Netherlands. This sold-out event gathers global trade and logistics professionals to discuss resilient supply chains bolstered by digital transformation. With over 25 educational sessions, attendees can participate in case studies and explore innovations in supply chain technology. Keynote speaker Jo Malone CBE will share insights on creativity and resilience. For further details, visit E2open's website.
E2open Parent Holdings (ETWO) reported strong financial results for fiscal 2022, with a total GAAP revenue of $425.6 million, surpassing guidance of $475 million. Subscription revenue rose to $335.5 million, marking a 9.8% growth year-over-year. The company achieved a net income of $67.7 million in Q4 and plans to increase its long-term organic growth rate target from over 10% to over 12%. E2open's subscription revenue growth is expected to reach 11.4% for fiscal 2023, driven by strong demand and a high net retention rate of 108%. Cash flow operations improved to $51.2 million.
E2open Parent Holdings (NYSE: ETWO) announced the appointment of Marje Armstrong as the new chief financial officer, effective May 16, 2022. Armstrong brings over 20 years of experience in driving growth for SaaS and enterprise companies. She replaces Jarett Janik, who is retiring after four years. Armstrong's previous roles include vice president of finance at Dropbox and positions at Morgan Stanley and Goldman Sachs. The CEO, Michael Farlekas, expressed confidence in her ability to lead E2open during its growth phase.
E2open Parent Holdings (ETWO), a cloud-based supply chain management provider, has announced a strategic alliance with KPMG LLP. This partnership aims to enhance supply chain technologies and improve client outcomes. The newly established KPMG E2open practice will focus on technology adoption, creating more connected and resilient supply chains. CEO Michael Farlekas emphasized the goal of driving value for clients through this collaboration. KPMG recently received an award from E2open, highlighting the strength of their partnership.
E2open Parent Holdings (NYSE: ETWO) announces its partnership with Leschaco, a global logistics service provider, to enhance its digital transformation. The collaboration involves deploying E2open's advanced Transportation Management System (TMS) at all 73 Leschaco locations across 23 countries. This strategic alliance aims to optimize operational efficiency, improve productivity, and provide better visibility for customers. E2open's cloud-based platform will also integrate with Leschaco's existing systems, promoting automation and flexibility for future growth.
E2open Parent Holdings, Inc. (NYSE: ETWO) has amended and upsized its credit facility, securing an incremental term loan from Golub Capital. The proceeds will finance the initial payment for Logistyx Technologies, allowing E2open to cover the remaining payments with cash. The total credit facility now includes $1.1 billion in term loans and a $155 million revolving credit facility, maturing in February 2028 at an interest of LIBOR + 3.50%. This financing enables share repurchases and other corporate purposes, demonstrating E2open's proactive approach in a challenging credit environment.
E2open Parent Holdings (NYSE: ETWO) has been recognized as a Challenger in the 2022 Gartner Magic Quadrant for Transportation Management Systems, achieving the highest placement for Ability to Execute and Completeness of Vision. This recognition underscores E2open's robust platform for logistics management, enabling optimization for shippers across all modes. Recent investments, including acquisitions of BluJay and Logistyx, enhance E2open's capabilities in fleet management and e-commerce parcel shipping. The company aims to simplify logistics planning and execution in an increasingly complex supply chain environment.
E2open Parent Holdings, Inc. (NYSE: ETWO) has acquired Logistyx Technologies, a multi-carrier shipping software company, for $185 million. This acquisition enhances E2open’s cloud-based supply chain management platform by integrating Logistyx’s parcel management technology, thereby expanding E2open's global multi-carrier capabilities. CEO Michael Farlekas emphasized the growing demand for flexible e-commerce shipping solutions as a key driver for this acquisition. The combination aims to streamline operations for E2open's global enterprise customers.
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