E2open Parent Holdings, Inc., a network-based provider of a 100% cloud-based, end-to-end supply chain management platform, announced that it will acquire BluJay Solutions, a cloud-based, logistics execution platform. Based on the price of E2open’s Class A Common Stock at May 25, 2021 market close, the stock and cash transaction is valued at approximately $1.7 billion.
BluJay is an integrated SaaS platform with comprehensive solutions for Shippers, Logistics Service Providers (LSPs) and Freight Forwarders. BluJay provides a suite of logistics execution applications and a broad trade network of over 50k participants serving over 5,700 global customers. With an expansive ecosystem of suppliers, carriers and network partners, BluJay enables connectivity across supply chain participants for better visibility across its network. BluJay’s combination of data, network and applications plays a mission-critical role in logistics and distribution supply chains and aims to drive a significant ROI for customers.
This transformative acquisition advances our strategy and is consistent with our approach to M&A over the last 5 years, according to Michael Farlekas, president and chief executive officer at E2open