PITTSBURGH, Sept. 13, 2021 (GLOBE NEWSWIRE) — TrueCommerce, a leading global cloud provider of supply chain and trading partner connectivity, integration, and omnichannel solutions, announced today that it has acquired DiCentral, a leading global B2B and API solutions provider. This acquisition enables TrueCommerce to fuel the growth of its leading global network, deepen its solutions portfolio, and expand its global geographic footprint.<\/p>\n
This acquisition further cements TrueCommerce\u2019s position as a leader in the digital supply chain collaboration and connectivity space. By leveraging the combined company\u2019s expertise in automation, digitalization, and integration, TrueCommerce is uniquely positioned to transform the way its customers do business, with value-added solutions designed to tackle complex supply chain and eCommerce challenges, streamline operations, and increase profitability.<\/p>\n
Known for simplifying complex API and EDI business challenges, DiCentral adds 30,000 connections to TrueCommerce\u2019s Global Commerce Network, plus nearly 5,000 customers from a diverse base. The combined TrueCommerce network now expands to 160,000 connections and nearly 18,000 customers. Combining the strengths of both companies creates an unmatched network and innovative solution offering that empowers customers to digitize, expand, and grow their businesses like never before.<\/p>\n
\u201cTogether, we offer intuitive integrated solutions and connectivity that solve the challenges our customers face in growing their business across an increasingly digitized, global, and complex supply chain,\u201d said John Fay, CEO of TrueCommerce.<\/p>\n
The acquisition fuels TrueCommerce\u2019s vision for global growth with expanded services and integrations, including:<\/p>\n
\u201cI am thrilled to be joining the TrueCommerce leadership team and working alongside John Fay and Todd Johnson to seamlessly bring the two companies together,\u201d said Thuy Mai, CEO of DiCentral. \u201cWe see this as a win-win for both TrueCommerce and DiCentral customers. The resulting increase in global network connectivity, commerce solutions, applications, and tools provides an unmatched offering for customers looking to grow their businesses.\u201d<\/p>\n
Mr. Mai will become a member of the TrueCommerce executive leadership team, serving as Co-Chief Strategy Officer of TrueCommerce. Todd Johnson will serve as the new CEO of DiCentral in addition to his current role as President and COO of TrueCommerce. John Fay will continue to serve as CEO of the combined company.<\/p>\n
\u201cDiCentral\u2019s offerings strengthen our multienterprise commerce network, which already empowers businesses of all sizes to grow both domestically and internationally,\u201d said Todd Johnson, CEO of DiCentral and President and COO of TrueCommerce. \u201cI\u2019m looking forward to working with the DiCentral team and continuing to provide best-in-class solutions and services to our customers.\u201d<\/p>\n
Ryan Harper, General Partner at Welsh, Carson, Anderson & Stowe (WCAS), a leading technology-focused private equity firm that recently acquired TrueCommerce, remarked, \u201cWe are confident that TrueCommerce is on track to becoming the global leader in supply chain collaboration, connectivity and omnichannel solutions. We continue to support the strategy of combining organic growth with focused, strategic acquisitions that expand the depth and breadth of new and existing segments, geographies, and capability areas.\u201d<\/p>\n
WCAS acquired TrueCommerce in November 2020 from Accel-KKR (AKKR). AKKR remains a minority shareholder of TrueCommerce. DiCentral was advised by DC Advisory.<\/p>\n
About TrueCommerce The TrueCommerce Global Commerce Network can connect businesses to over 130,000 retailers, distributors, and logistics service providers. As a fully managed services provider, we also manage new trading partner onboarding, as well as the ongoing management of partner-specific mapping, labeling changes, and communications monitoring. That\u2019s why thousands of companies\u2014ranging from startups to the global Fortune 100, across various industries\u2014rely on us.<\/p>\n TrueCommerce: Do business in every direction About DiCentral Headquartered in Houston, Texas, DiCentral has 11 offices worldwide, supporting customers in more than 35 countries. DiCentral utilizes a vast library of integrations with ERPs and other applications to seamlessly exchange transactional data with trading partners worldwide to maximize ROI while maintaining existing data infrastructure. DiCentral\u2019s services and solutions are leveraged by many Fortune 1000 companies, processing over $200 billion in transactions for over 30,000 organizations worldwide.\u00a0For more information, visit\u00a0www.dicentral.com<\/u><\/a>.<\/p>\n About Welsh, Carson, Anderson & Stowe About Accel-KKR
\n<\/strong>TrueCommerce is the most complete way to connect your business across the supply chain, integrating everything from EDI, to inventory management, to fulfillment, to digital storefronts and marketplaces. We\u2019ve revolutionized supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives via business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross-functional analytics, and product information management.<\/p>\n
\nFor more information, visit\u00a0www.truecommerce.com<\/u><\/a><\/p>\n
\n<\/strong>Founded in 2000, DiCentral is a leading global provider of business-to-business and application integration solutions, with over two decades of experience solving complex EDI and API challenges. As market conditions continue to \ufb02uctuate and technology is deployed to manage process changes, leading organizations rely on DiCentral\u2019s cloud-based integration platform and a global team of specialized experts to integrate and leverage data across multiple cloud and on-premises systems and applications.<\/p>\n
\n<\/strong>WCAS is a leading U.S. private equity firm focused on two target industries: technology and healthcare. Since its founding in 1979, the firm’s strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives and strategic acquisitions. The firm has raised and managed funds totaling over $27 billion of committed capital. For more information, please visit\u00a0www.wcas.com<\/u><\/a>.<\/p>\n
\n<\/strong>Accel-KKR is a technology-focused investment firm with over $10 billion in capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR\u2019s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. In 2019 and 2020, Inc. named Accel-KKR to \u201cPE 50 \u2013 The Best Private Equity Firms for Entrepreneurs,\u201d its annual list of founder-friendly private equity firms. Accel-KKR is headquartered in Menlo Park with offices in Atlanta and London. Visit\u00a0www.accel-kkr.com<\/u><\/a>\u00a0to learn more.<\/p>\n