HighJump Software acquires Evenex

HighJump Software bolsters EMEA presence by adding Denmark’s leading provider of business-to-business integration solutions to existing supply chain management suite.
By Modern Materials Handling Staff
July 17, 2013 - MMH Editorial

Today, HighJump Software announced it has acquired Evenex, a provider of business-to-business integration solutions. Offering more than 25 years of experience in electronic data interchange (EDI) and trading partner connectivity, Evenex enables organizations to optimize trade relations and exchange business documents across the value chain by open and flexible managed cloud services. Evenex has over 3,000 customers exchanging more than 375,000,000 documents every year and is the leading and preferred business-to-business integration provider in Denmark.

The Evenex trading partner integration solution complements HighJump Software’s existing supply chain application suite which includes warehouse management systems, transportation management systems, route accounting systems, manufacturing execution, mobile sales and EDI solutions. The acquisition of Evenex extends HighJump Software’s EDI capabilities into the EMEA region.

“HighJump Software is a great fit for Evenex because it shares a common focus recognizing the importance of EDI in efficient supply chain execution while providing us with broader solution and geographic footprints,” commented Ole Pedersen, Evenex CEO. “As a part of HighJump Software, we will have access to focused capital to grow in the Nordic region and beyond. I am excited for the Evenex team to join HighJump, while continuing to provide excellent service, support and product innovation to our customers.”

“We are excited to welcome the more than 3,000 Evenex customers and a dedicated group of new team members to the HighJump family,” said Russell Fleischer, HighJump Software CEO. “It is an important first step towards broadening our geographic coverage in Europe, and we look forward to driving organic growth as well as continuing to look for logical merger and acquisition opportunities.”



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Following the lead of its Congressional Colleagues in the House of Representatives, the United States Senate yesterday approved a measure geared to keep federal surface transportation funding intact through the end of December with a nearly $11 billion stopgap fix.

XPO Logistics announced second quarter earnings and the acquisition of two companies, New Breed Logistics, a non asset-based 3PL focusing in contract logistics services, for roughly $615 million, and Atlantic Central Logistics, a 3PL provider of last-mile logistics services, for roughly $36.5 million.

The report, entitled “Outlook for the Domestic Transport and Logistics Market in 2H14 and Beyond,” takes the view that strong freight levels in the second quarter have left trucking companies in a good position: one in which they need to come up with new plans to handle rising demand. But even with that positive momentum afloat, the report observes that there are some familiar challenges intact, such as a lack of qualified drivers and the regulatory drag from the new hours-of-service rules that took effect in July 2013.

Flags of Convenience are a fact of life in the commercial maritime trade, but several European political action groups are worried that they will pose a threat to the Continent’s air cargo industry.

For May, which is the most recent month for which data is available, the SCI is -7.5, following April’s -7.5. FTR said this reading represents a still-tight capacity environment, as utilization rates hover between 98 percent and 99 percent.

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond

Comments

Post a comment
Commenting is not available in this channel entry.