Blume Global Acquires LiveSource
PR93917
PLEASANTON, Calif., Jan. 5, 2022 /PRNewswire=KYODO JBN/ --
-- Deal expands sourcing, procurement and quality capabilities for logistics
execution technology leader
Blume Global, a leading provider of supply chain sourcing, procurement,
execution and visibility technology solutions, today announced the acquisition
of LiveSource, a leading multi-enterprise supply chain business network for
complex manufacturers. The company, which has offices throughout North America,
Europe and Asia, provides sourcing and procurement orchestration technology,
among other solutions, to the automotive and industrial manufacturing sectors.
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As of January 1, all LiveSource employees are part of Blume Global, which has
the capabilities to fully support existing LiveSource customers throughout the
world. The deal will give current LiveSource customers access to Blume's
extensive logistics execution technology and supply chain management expertise,
empowering these customers with total control of the freight transportation end
of their operations and giving them transparency to alternative suppliers.
Blume's multimodal international TMS and multi-leg transportation visibility
capabilities complement LiveSource solutions.
Blume will incorporate LiveSource subsidiaries in Switzerland and France.
LiveSource operations in the U.S. and Europe will maintain their ISO 27001
certification and GDPR compliancy.
"Manufacturers manage an extraordinary amount of supplier sourcing and
procurement data, as well as quality management information, that is typically
in disparate systems. LiveSource solutions normalize this information by
leveraging data lake technology, standardizing the data into actionable
intelligence," said Bo Hagler, CEO of LiveSource, who will be joining the Blume
management team and reporting directly to Blume Global CEO Pervinder Johar. "I
am excited about the future of our technology in the hands of Blume Global, one
of the leading providers of supply chain execution and visibility solutions out
there today. I've known CEO Pervinder Johar for many years, and I am invested
in his vision for the future of the global supply chain."
LiveSource has been recognized in Gartner reports for strategic sourcing
application suites and multi-enterprise supply chain business networks. Blume
also benefits from LiveSource's strong product management talent and sizable
presence in Europe.
"Blume is focused on supply chain orchestration. The acquisition of LiveSource
complements Blume's logistics orchestration and visibility with LiveSource's
sourcing and procurement orchestration and visibility," said Johar, who
formerly served on the board of directors at LiveSource. "Acquiring LiveSource
also complements Blume's strong North American and Asian presence with a strong
presence in Europe, which includes a wholly owned subsidiary, and veteran
industry leadership."
About Blume Global
The supply chain technology provider Blume Global is removing $1 trillion of
waste from the global supply chain, making logistics processes more agile,
dependable, and sustainable with innovative execution and visibility solutions.
Blume has the most extensive network among logistics technology providers. The
company's direct connectivity to the ocean, air, rail, parcel, LTL, and
truckload carriers combines with Blume's solutions and 27 years of industry
data to maximize transportation spend, improve customer service and reduce
carbon emissions for users. These solutions are supported by a sizeable R&D
organization that is continually adding new high-value features. By developing
technology that streamlines the logistics world, Blume Global is leading the
industry in creating supply chain sustainability solutions (
), fighting climate change by eliminating significant carbon emissions in a
world where most freight is transported using fossil fuels.
About LiveSource
Since 2000, LiveSource has helped some of the world's largest complex
manufacturers know what's coming. It's the only solution that is built for
direct spend, built to connect all the moving parts, and built to adapt quickly
to change. Born in the cloud, the application platform specializes in strategic
sourcing, quality, tooling and supplier performance management. That's why
industry leaders across the world like Dana, Adient, Vibracoustic and Goodman
Manufacturing turn to LiveSource to avoid hidden risks and stay competitive in
a world of shrinking margins.
Media Contact
Jon Ross
jon.ross@blumeglobal.com
SOURCE: Blume Global
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