202120 Sep

Panasonic’s acquisition of Blue Yonder comes to fruition

Summary

Panasonic added that this investment values Blue Yonder at $8.5 billion and that the deal has completed antitrust procedures and also received approval of regulatory authorities in the U.S. and also other countries. “By unifying Panasonic’s sensing technologies and edge devices with Blue Yonder’s AI/ML-powered planning, execution and commerce solutions, companies can create smarter and more connected e-commerce strategies, retail stores, warehouses, transportation, and workplaces. Panasonic outlined various benefits that the deal will provide, including: • strengthening Panasonic’s portfolio and accelerating the companies’ shared Autonomous Supply Chain mission, empowering customers to optimize their supply chains using the combined power of AI/ML and IoT and edge devices; • unifying supply, demand and commerce solutions with IoT and edge technologies, enabling companies to better utilize predictive business insights to pivot their operations in real-time; • combining Panasonic’s strength in industrial engineering, IoT and edge technologies with Blue Yonder’s AI/ML-driven supply chain and commerce solutions augments the customer value of Blue Yonder’s leading digital fulfillment platform; and • collectively, Panasonic and Blue Yonder will deliver a unique competitive advantage for customers to drive more automation and actionable, real-time business insights that reduce waste and improve operations, while creating a more sustainable world For calendar year 2020, total Blue Yonder revenue topped $1 billion, with 67% of it recurring revenue, and as of December 31, 2020, SaaS annual recurring revenue was $343 million and SaaS net revenue retention rate was 120%. A Wall Street Journal report observed that, according to research firm Gartner, Blue Yonder is the third largest supply chain management software provided based on 2019 revenue, trailing SAP and Oracle. The company said that the name change was part of a re-branding initiative in an effort to better align its name with its cloud transformation and product roadmap and also to embrace endless innovation in the future, as well as continuous improvement and a focus on outstanding customer experience, too.

Source: Logisticsmgmt

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