Cloud SCM vendor iTradeNetwork being sold for $525 million

The software will augment previous acquisitions made by Roper Industries

Roper Industries said Monday it plans to buy on-demand SCM (supply chain management) software vendor iTradeNetwork from private equity firm Accel-KKR for US$525 million. The transaction is expected to close later this week.

Some 6,200 customers use iTradeNetwork's offering, which is aimed at the food industry. The pending deal will provide Roper with "additional scale to pursue acquisitions in the software solutions space," according to a statement.

Read Part 1 of Supply Chain Management in Australia.

ITradeNetwork has apparently developed a loyal customer base, a key goal for SaaS vendors since they sell on a subscription basis and customers can more easily switch to other providers compared to on-premises software. The company's contracts have enjoyed a 99 percent renewal rate, according to Roper.

Roper is retaining iTradeNetwork's management team, including CEO Rob Bonavito, according to a statement.

ITradeNetwork's software will work in concert with technologies Roper gained from its previous acquisitions of TransCore and the CBORD Group, according to Ray Wang, partner with Altimeter Group.

TransCore develops RFID (radio frequency identification) and vehicle-tracking technologies, while CBORD's products include cashless card systems and food service management software.

Meanwhile, iTradeNetwork's application provides customers with product sourcing, procurement, supply chain analytics and other capabilities.

ITradeNetwork's software "is solving the food problem today, but it's applicable to other [industries]," Wang added.

Roper's overall strategy is to build "really rich" trading partner networks in a variety of industries with complex supply chains, he said.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags cloud computinginternetbusiness issuessoftwareapplicationsscmsupply chain managementmergers & acquisitionsInternet-based applications and servicesiTradeNetwork

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?