Körber Supply Chain Software Completes Acquisition of MercuryGate to Create Scalable and Adaptable Supply Chain Execution Software Suite
Körber Supply Chain Software, a joint venture between Körber AG and KKR, has completed its acquisition of MercuryGate International Inc., a leading provider of transportation management systems (TMS). This acquisition, one of the largest in the supply chain software industry this year, adds approximately 25% to Körber's annual net revenue. It enhances Körber's vision of providing integrated solutions across the entire supply chain, from order management to warehouse and transportation.
The company also announced two key appointments: Tim Moylan as Chief Commercial Officer and Beth Hendriks as Chief Technology Officer. Moylan, with over 30 years of experience, will lead the global sales and demand generation organization. Hendriks, formerly CTO at MercuryGate, will focus on research and development to ensure rapid feature delivery and faster implementation.
Körber Supply Chain Software, una joint venture tra Körber AG e KKR, ha completato l'acquisizione di MercuryGate International Inc., un fornitore leader di sistemi di gestione dei trasporti (TMS). Questa acquisizione, una delle più grandi nel settore del software per la supply chain di quest'anno, aggiunge circa il 25% al fatturato netto annuale di Körber. R rafforza la visione di Körber di fornire soluzioni integrate lungo l'intera supply chain, dalla gestione degli ordini fino al magazzino e ai trasporti.
L'azienda ha anche annunciato due importanti nomine: Tim Moylan come Chief Commercial Officer e Beth Hendriks come Chief Technology Officer. Moylan, con oltre 30 anni di esperienza, guiderà l'organizzazione globale di vendita e generazione della domanda. Hendriks, ex CTO di MercuryGate, si concentrerà su ricerca e sviluppo per garantire una rapida consegna delle funzionalità e implementazioni più veloci.
Körber Supply Chain Software, una empresa conjunta entre Körber AG y KKR, ha completado la adquisición de MercuryGate International Inc., un proveedor líder de sistemas de gestión de transporte (TMS). Esta adquisición, una de las más grandes en la industria del software de cadena de suministro de este año, añade aproximadamente un 25% a los ingresos netos anuales de Körber. Refuerza la visión de Körber de ofrecer soluciones integradas a lo largo de toda la cadena de suministro, desde la gestión de pedidos hasta el almacén y el transporte.
La empresa también ha anunciado dos nombramientos clave: Tim Moylan como Director Comercial y Beth Hendriks como Directora de Tecnología. Moylan, con más de 30 años de experiencia, liderará la organización de ventas globales y generación de demanda. Hendriks, ex CTO de MercuryGate, se centrará en la investigación y el desarrollo para asegurar una entrega rápida de características e implementaciones más rápidas.
Körber Supply Chain Software, Körber AG와 KKR의 공동 투자회사,가 MercuryGate International Inc., 운송 관리 시스템(TMS)의 선두 공급업체를 인수했습니다. 이번 인수는 올해 공급망 소프트웨어 산업에서 가장 큰 규모 중 하나로, Körber의 연간 순수익에 약 25%를 추가합니다. 전체 공급망에 걸쳐 주문 관리, 창고 및 운송까지 통합 솔루션을 제공하겠다는 Körber의 비전을 강화합니다.
회사는 또한 두 가지 주요 임명도 발표했습니다: Tim Moylan을 최고 상업 책임자(Chief Commercial Officer)로, Beth Hendriks를 최고 기술 책임자(Chief Technology Officer)로 임명했습니다. Moylan은 30년 이상의 경험을 바탕으로 글로벌 판매 및 수요 창출 조직을 이끌 것입니다. Hendriks는 이전에 MercuryGate의 CTO로서, 신속한 기능 제공 및 빠른 구현을 목표로 연구 개발에 집중할 것입니다.
Körber Supply Chain Software, une coentreprise entre Körber AG et KKR, a finalisé l'acquisition de MercuryGate International Inc., un fournisseur de premier plan de systèmes de gestion des transports (TMS). Cette acquisition, l'une des plus importantes de l'industrie du logiciel de supply chain cette année, ajoute environ 25 % au chiffre d'affaires net annuel de Körber. Elle renforce la vision de Körber de fournir des solutions intégrées à travers l'ensemble de la chaîne d'approvisionnement, de la gestion des commandes à l'entrepôt et au transport.
L'entreprise a également annoncé deux nominations clés : Tim Moylan en tant que directeur commercial et Beth Hendriks en tant que directrice technique. Moylan, fort de plus de 30 ans d'expérience, dirigera l'organisation mondiale des ventes et de la génération de la demande. Hendriks, ancien CTO de MercuryGate, se concentrera sur la recherche et le développement pour garantir une livraison rapide des fonctionnalités et une mise en œuvre plus rapide.
Körber Supply Chain Software, ein Joint Venture zwischen Körber AG und KKR, hat die Übernahme von MercuryGate International Inc., einem führenden Anbieter von Transportmanagementsystemen (TMS), abgeschlossen. Diese Übernahme, eine der größten in der Branche der Supply-Chain-Software in diesem Jahr, trägt etwa 25% zu den jährlichen Nettoumsätzen von Körber bei. Sie verstärkt die Vision von Körber, integrierte Lösungen über die gesamte Supply Chain hinweg anzubieten, von der Auftragsabwicklung bis zum Lager und Transport.
Das Unternehmen gab außerdem zwei wichtige Ernennungen bekannt: Tim Moylan als Chief Commercial Officer und Beth Hendriks als Chief Technology Officer. Moylan, der über 30 Jahre Erfahrung verfügt, wird die globale Verkaufs- und Nachfragestruktur leiten. Hendriks, zuvor CTO bei MercuryGate, wird sich auf Forschung und Entwicklung konzentrieren, um eine rasche Bereitstellung der Funktionen und eine schnellere Implementierung zu gewährleisten.
- Acquisition adds approximately 25% to Körber Supply Chain Software's annual net revenue
- Enhances Körber's ability to provide integrated solutions across the entire supply chain
- Appointment of experienced executives Tim Moylan as CCO and Beth Hendriks as CTO
- Expanded data and insights from across the supply chain execution suite
- Potential for new opportunities in operational innovation and enhanced decision-making capabilities
- None.
Insights
The acquisition of MercuryGate by Körber Supply Chain Software marks a significant shift in the supply chain software landscape. This move creates a comprehensive suite that covers the entire supply chain execution process, from order management to last-mile delivery. The integration of MercuryGate's Transportation Management System (TMS) with Körber's existing solutions will provide customers with enhanced visibility and control across their operations.
Key benefits include:
- Reduced planning silos and faster issue resolution
- Improved decision-making capabilities through expanded data insights
- Flexibility for customers to choose best-in-class products or integrated suites
The appointment of Tim Moylan as Chief Commercial Officer and Beth Hendriks as Chief Technology Officer further strengthens Körber's position. Their extensive experience in enterprise technology and R&D will likely accelerate innovation and drive growth. This strategic move positions Körber to compete more effectively against other major players in the supply chain software market.
The acquisition of MercuryGate is expected to add approximately
Key financial implications:
- Potential for increased cross-selling opportunities
- Economies of scale in R&D and operations
- Enhanced competitive positioning in the market
While specific financial terms weren't disclosed, the scale of the acquisition suggests a substantial investment. Investors should monitor the integration process and any synergies realized in the coming quarters. The success of this acquisition could significantly impact Körber's valuation and attract increased investor interest in the supply chain software sector.
Announces Tim Moylan as Chief Commercial Officer; Appoints MercuryGate Chief Technology Officer (CTO) Beth Hendriks as CTO of Körber Supply Chain Software
It significantly enhances Körber Supply Chain Software’s vision for providing solutions across the entire supply chain in one suite to deliver higher efficiency and visibility from initial order (order management) to warehouse (warehouse management) through transportation to door (transportation and freight), reducing planning siloes and accelerating issue resolution for better customer and business outcomes. With the expanded data and insights from across the supply chain execution suite, customers will find new opportunities for operational innovation and enhanced decision-making capabilities.
"The acquisition of MercuryGate is a significant accelerator to provide our customers with the flexibility to choose best-in-class products or integrated suites that best meet their specific operational and business needs,” commented Ed Auriemma, CEO at Körber Supply Chain Software. “Our commitment is to meet our customers where they are to create the future they need, understand their unique challenges and deliver solutions that solve today's issues while anticipating tomorrow's opportunities."
Today, Körber Supply Chain Software also announces Tim Moylan as the Company’s first Chief Commercial Officer and Beth Hendriks as new Chief Technology Officer. “We are delivering resilient operations with enhanced visibility and control that will help our customers innovate to drive growth in their businesses,” added Auriemma. “With the addition of Beth and Tim, we can boost our commitment to helping our customers navigate the complexities of modern supply chains with confidence and grow as our customers grow.”
Tim Moylan will lead and scale Körber Supply Chain Software’s global sales and demand generation organization. He brings more than 30 years of experience in leading, building, and growing high-performing sales and marketing teams. He most recently served as the Executive Vice President of Sales and Marketing at TechnologyOne,
"I’m excited to join Körber Supply Chain Software at this pivotal moment," added Moylan. "Integrating the TMS from MercuryGate expands our capability to deliver precise, efficient logistics solutions worldwide. With the expanded solution suite, we can reaffirm our commitment to being more than just vendors – we are partners invested in our customers' resilience and adaptability as they grow."
Beth Hendriks, the current Chief Technology Officer at MercuryGate, has been appointed as Chief Technology Officer at Körber Supply Chain Software to maintain a strong focus on research and development and provide robust technology that ensures rapid feature delivery and a faster time to value through implementation. Beth brings more than 30 years of experience accelerating R&D and delivering product roadmaps with a customer-centric focus. She joined MercuryGate after a successful career at Oracle as a cloud strategist and business architect. Before that, she was SVP and Chief Technology Officer at SciQuest/JAGGAER.
"Our combined solutions drive our ability to be at the forefront of supply chain execution. By bringing the companies together, we are better positioned to innovate and deliver robust and flexible solutions to adapt to our customers' dynamic needs. I look forward to leading our tech teams to push the boundaries of what our software can achieve," added Hendriks.
Find out more about this new approach here: https://www.koerber-supplychain-software.com/en/mercury-gate.
About Körber Supply Chain Software
Körber Supply Chain Software is the partner of choice for organizations that require comprehensive and intelligent supply chain execution software solutions that can adapt and scale to their requirements. Körber Supply Chain Software delivers comprehensive solutions for its customers, offering greater efficiency and transparency from order management through global end-to-end inventory flow within the most complex global supply chain operations. Körber Supply Chain Software GmbH is a joint venture of Körber AG, a leading international technology group and KKR, a leading global investment firm that offers alternative asset management, capital markets and insurance solutions.
Find out more on Körber Supply Chain Software (koerber-supplychain-software.com).
About MercuryGate
MercuryGate’s Smart Transportation™ suite provides powerful transportation and logistics management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers, and carriers. The comprehensive Software-as-a-Service (SaaS) product suite natively supports all transportation modes and segments, generating value for its users through improved cost, productivity, and efficiency using artificial intelligence (AI), machine learning (ML), and connected technologies to adapt and automate transportation management functions. Smart Transportation makes shipping intelligent, simple, sustainable, and transformative for customers. Learn more about MercuryGate at https://mercurygate.com/.
About Körber
We are Körber – an international technology group with more than 12,000 employees at over 100 locations worldwide and a common goal: We turn entrepreneurial thinking into customer success and shape technological change. In the Business Areas Digital, Pharma, Supply Chain, and Technologies, we offer products, solutions and services that inspire. We act fast to customer needs, we execute ideas seamlessly, and with our innovations we create added value for our customers. In doing so, we are increasingly building on ecosystems that solve the challenges of today and tomorrow. Körber AG is the holding company of the Körber Group: http://www.koerber.com/en.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at https://www.globalatlantic.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240930686695/en/
Kathleen Fischer
Director, Corporate Communications
Körber Supply Chain Software
kathleen.fischer@koerber-supplychain.com
330.289.3342
Source: Körber Supply Chain Software
FAQ
What company did Körber Supply Chain Software acquire?
How much will the MercuryGate acquisition add to Körber's annual net revenue?
Who was appointed as Körber Supply Chain Software's Chief Commercial Officer?
Who is the new Chief Technology Officer at Körber Supply Chain Software?
How will the MercuryGate acquisition benefit Körber Supply Chain Software's customers?
