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Control Towers Market Report 2021-2026 | Industry Growth, Share, Size, Trends and Forecast

Panasonic inks $7.1B deal to acquire supply chain software firm Blue Yonder

SHARE Electronics giant Panasonic Corp. today announced that it has signed a $7.1 billion agreement to acquire Blue Yonder Inc., a developer of software for managing enterprise supply chains. The deal comes less than a year after Panasonic purchased a 20% stake in Blue Yonder. Of the $7.1 billion the company is spending on the transaction, $5.6 billion will go toward buying the remaining 80% stake it doesn’t already own from shareholders Blackstone and New Mountain Capital. The remainder will be spent on paying off Blue Yonder’s outstanding debt. Overall, the deal values the software maker at $8.1 billion. Panasonic is a leading maker of consumer electronics and also supplies hardware for other manufacturers. Blue Yonder, in turn, sells a cloud-based platform called Luminate that’s used by manufacturers, as well as companies across the retail and logistics sectors, to manage their operations.

SaaS-based SCM Market 2021-2026 | Size, Share, Industry Report, Trends and Forecast – KSU

3 According to IMARC Group’s latest report, titled “SaaS-based SCM Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The global SaaS-based SCM market reached a value of US$ 5.4 Billion in 2020. Software-as-a-Service (SaaS)-based SCM (Supply Chain Management) is a software application used for on-premise and on-cloud management of supply chain processes. The software keeps the record of the inventory and automatically re-configures business processes with the changing requirements. It also helps in reducing capital expenses and operating costs, enhancing productivity, mitigating duplication, and standardizing processes. As a result, SaaS-based SCM is widely employed for sourcing and procurement, demand and operations planning, and management of inventory, warehouse, order and transportation.

Newswire & Press Release / Blue Yonder Files Intellectual Property Lawsuit Against Kinaxis - Software - Blue Yonder, Inc.