Battery Ventures Acquires Product-Content Solution Provider 1WorldSync
Summary
BOSTON & EWING, N.J. & COLOGNE, Germany--(BUSINESS WIRE)--Battery Ventures, a global, technology-focused investment firm, has acquired 1WorldSync Holdings, a leading software-as-a-service (SaaS) network that enables brands to securely and continuously share critical product data with a community of retailers, operators and distributors across industries, including consumer goods, foodservice, electronics and healthcare. More than 13,000 customers, according to 1WorldSync, leverage the company’s platform to publish standardized and unstructured product attributes and content — label information, package dimensions and ingredients, among others — and push that data to partners across the supply chain. “We are excited by the future growth prospects of 1WorldSync’s platform and feel we can provide additional resources to help expand the network and develop new product capabilities, while pursuing complementary acquisitions.” “We are confident that Battery Ventures is the right partner to help 1WorldSync more nimbly create solutions at the pace and speed that industry and consumers demand,” added GS1 US President and CEO Bob Carpenter. “Additionally, as a neutral, standards organization and unique identification company, GS1 US will be better positioned to solely focus on addressing the growing needs of our members and solution partner network to advance the adoption and use of GS1 Standards.” “Customer and consumer expectations for rich content vary across Europe and the US,” said Thomas Fell, CEO, GS1 Germany. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York.