Ventures News: RiverOne Acquires Collaborative Supply Chain Planning Provider to Further Extend Its Supply Chain Control System

28.01.2003 | Wirtschaftspresse

Westlake Village, Calif. — January 28, 2003 — RiverOne Inc., a provider of supply chain software and services for manufacturers to control processes between customers and suppliers, announced today the acquisition of Softchain, Inc., a provider of collaborative supply chain planning software designed to control the flow of materials across extended manufacturing supply chains. The acquisition of Softchain further extends RiverOne’s offering of the industry’s first Supply Chain Control System, consisting of integrated connectivity, planning, execution and exception management capabilities.

According to Maury Friedman, president and CEO of RiverOne, “The acquisition of Softchain reflects RiverOne’s continued commitment to providing customers with the software and services they need to build and operate competitive supply chains. Our software and services are customer proven and are delivering value. The addition of supply chain planning enables RiverOne to deliver the industry’s first complete supply chain control system for supply chain operations. This together with our experienced team makes RiverOne a trusted partner for supply chain management solutions.”

The Softchain supply chain planning products enable customers to aggregate and communicate demand signals to all supply chain partners, analyze the impact of constantly changing demand and supply conditions, and continually synchronize material flow to balanced demand. Existing customers report faster response to market demand, reduced inventory costs and improved supplier performance.

The Softchain planning products will be integrated with RiverOne’s transaction execution products, collaborative backbone and comprehensive XML connectivity capabilities required to connect and interact with all trading partners in a supply chain. Through the combined solutions, RiverOne customers and their users will have greater access, visibility and control over all areas of their supply chain, including a rich set of financial and operational performance metrics.

“This acquisition fits very well with RiverOne’s objective of becoming the leading provider of supply chain solutions for the manufacturing industries,” said Chris Smith, executive vice president at RiverOne. “Building on our unique transactional backbone, the INTERACTIVE™ product suite will expand to offer planning capabilities, greatly enhancing our value to our customers. Our strategy will be to leverage this synergy and our deep industry knowledge to expand our leadership role in the supply chain category.”

Joshua Clark, former president of Softchain, now vice president of products for RiverOne continued, “We are joining forces with a leader in the supply chain software space. In addition, our target markets are identical and our ability to provide customers with a complete solution for supply chain management is greatly enhanced. This is a highly beneficial event for customers of RiverOne and Softchain.”RiverOne’s customer list includes a number of the world’s top high-tech manufacturers and Electronics Manufacturing Service (EMS) providers.

About RiverOne

RiverOne provides supply chain management software and services for manufacturers to control processes between customers and suppliers. Customers realize immediate value by deploying the industry’s only complete Supply Chain Control System with integrated connectivity, planning, execution, metrics and exception management capabilities. RiverOne customers have complete control over all customer and supplier interactions including demand management, Multi-Site Fulfillment & Replenishment, sales and operations planning, material co-planning and automated procurement, resulting in dramatic improvements in fulfillment performance, procurement efficiency and inventory control.

Contact: Matt Paye, RiverOne Marketing
949.856.1500 or