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Software specialist E2open acquires Amber Road for $425m

acquisition © Mr.phonlawat Chaicheevinlikit
© Mr.phonlawat Chaicheevinlikit
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Software vendor E2open has acquired loss-making Amber Road, a global trade management software provider, for $425m. E2open has been on a buying spree, taking on INTTRA last year as well as transportation management system provider Cloud Logistics. However, Amber Road has struggled of late, reporting a $3.3m loss in the first quarter on revenue of $21.1m. The Amber Road deal should close in the third quarter, when its stock will stop trading. DC Velocity reports. 

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