HighJump Software, a Bloomington, MN firm that pioneered warehouse management and logistics software, has been acquired by a Colorado-based rival, Accellos Software.
According to Minnesota’s StarTribune, the deal, terms of which were not disclosed, brings together two leading providers of software that distributors and retailers use to keep track of items in warehouses and in transit.
The merged company will adopt the HighJump name and be led by Accellos’ chief executive, Michael Cornell. “This combination brings extremely complementary technology to both Accellos and HighJump customers,” Cornell said in a statement. A spokeswoman said no immediate changes are planned for HighJump’s operations, but it was unclear where the combined firm will be based.
The Accellos senior leaders and financial sponsors believe the combined product solutions and go to mark et strategies for HighJump and Accellos are extremely complementary.
According to HighJump, supply chain changes driven by emerging models for omni-channel commerce are causing enterprises to rethink their order fulfilment technology and invest in warehouse management systems. This has been evident by the growth in WMS product sales by both Accellos and HighJump. While the combined companies offer multiple WMS products, each services a unique market niche. HighJump WMS provides large and upper mid-market companies including 3PL companies one of the most scalable and adaptable WMS platforms in the market. The Accellos 3PL WMS product has tremendous market adoption within multi-client public warehouse 3PLs and is differentiated in the market based on 3PL specific product featu res and domain expertise in the Accellos’ 3PL business unit. The Accellos SMB WMS product is uniquely positioned in terms of price, product complexity and go-to-market approach for small and medium sized businesses.