E2open announced that they have acquired icon-scm in a transaction that was valued at US$34 million. E2open is the leading provider for cloud-based solutions used for collaborative planning and execution all across global trading networks. icon-scm is a market leader in supply chain collaboration and planning. With the recent acquisition, E2open will expands its market opportunity and solution portfolio, at the same time, accelerating the company's product road map. E2open also establishes its position as a leader in collaborative planning and execution space.

"I am pleased to announce the addition of icon-scm to E2open and our Business Network of more than 36,000 trading partners around the globe," said Mark Woodward, President and CEO, E2open.

"By bringing together icon-scm's planning and response technologies and E2open's portfolio of cloud-based connectivity, business process, and analytics solutions, we will create the industry's first integrated platform for supply chain control towers," Woodward added.

"Together, we will be able to offer the marketplace the first truly integrated, real-time solution for supply chain planning, collaboration, and execution. It's a great win for our customers, and an exciting time for our industry," said Jan Aggerbeck, CEO, icon-scm.