M&A advisory for supply chain management software companies
Supply chain software M&A has been one of the more active corners of enterprise software, driven by post-pandemic disruption, near-shoring and the digitisation push at large enterprise supply chains. Strategic acquirers at the major supply chain platforms and PE platforms running supply chain roll-ups have both been active.
Active buyers include the major supply chain platforms - SAP, Oracle, Manhattan Associates, Blue Yonder and the procurement software majors like Coupa - alongside PE platforms running supply chain software roll-ups. Flow has direct access to the supply chain strategic acquirers and PE platforms that transact in this category.
Flow team has relevant sector experience and has worked with supply chain software companies across procurement and source-to-pay, supply chain planning and S&OP, supplier network and B2B integration, trade and customs management, and inventory and warehouse optimisation.
"Supply chain management software" KPIs M&A buyers look at
Key metrics strategics and PE buyers look at when analayzing supply chain management software M&A targets
ARR
Bookings
Net retention
Enterprise logo count
Implementation backlog
Sites / nodes live
Partner-influenced bookings
Services share
Gross margin
Renewal rate
Supply chain management software valuations in May 2026
Public supply chain management software comps trade at 2.4x EV/Revenue. Median revenue multiple across supply chain management software M&A deals was 2.5x in the last 12 months.
2.4x
Median EV/Revenue as of May 2026 for public supply chain management software companies
7.2x
Manhattan Associates is the highest valued public supply chain management software company based on EV/Revenue (excluding outliers)
2.5x
Median EV/Revenue across supply chain management software M&A deals in the last 12 months
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Median EV/Revenue across supply chain management software VC rounds in the last 12 months
Key recent supply chain management software M&A deals
$2.1B acquisition of Regrello by Salesforce was the largest supply chain management software M&A transaction completed in the last year.
See all supply chain management software M&A deals| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Aug-25 | Regrello |  | Regrello provides AI-orchestrated platforms for manufacturing supply chains, automating procurement, production scheduling, and quality control. San Francisco-headquartered since 2020, it connects suppliers via no-code workflows and integrates with SAP and Oracle systems. Dell and 150 other factories use its tools for 45 percent task reduction. | Salesforce | $2.1B | - | |
May-25 | e2open | | e2open is an Atlanta-headquartered supply chain management software provider connecting 400,000 suppliers and 1 million trading partners. Its cloud platform unifies planning, logistics, global trade, and manufacturing execution, used by Toyota, Nestlé, and Unilever for real-time visibility and AI forecasting. Publicly traded on NYSE since 2021, e2open processes $1.6 trillion in GMV annually across 140 countries. | WiseTech Global | $2.1B | 3.2x | |
Dec-25 | Tenna | | Tenna provides software and GPS-based asset tracking solutions that monitor location, usage, service history, and maintenance for equipment. | Deere | $440M | - | |
May-26 | Shara |  | Shara is a Lagos-based route-to-market platform for fast-moving consumer goods companies in emerging markets. The mobile app provides sales automation, order reminders, digital wallets, and performance statements to distributors in Nigeria and Kenya. | FairMoney | $70M | - | |
Aug-25 | Finale Inventory | | Finale Inventory is a cloud-based inventory management system handling multi-channel sales for e-commerce businesses. It tracks stock levels, automates purchase orders, and integrates with platforms like Shopify, Amazon, and QuickBooks. Boston-headquartered, it scales for warehouses processing thousands of SKUs daily. | Descartes Systems Group | $55M | - | |
Aug-25 | Finale Inventory | | Finale Inventory is a cloud-based inventory management system handling multi-channel sales for e-commerce businesses. It tracks stock levels, automates purchase orders, and integrates with platforms like Shopify, Amazon, and QuickBooks. Boston-headquartered, it scales for warehouses processing thousands of SKUs daily. | Descartes Systems Group | $40M | - | |
Mar-26 | S | Seven Arrows Supply Chain |  | Seven Arrows Supply Chain manages and distributes craft beer supply chains in China through a subsidiary. | ReTo Eco-Solutions | $8.7M | - |
Sep-25 | Jules AI |  | Jules AI is a software platform built for firms trading recycled materials such as metals and plastics. It centralizes purchase and sales processes with features for document verification, order fulfillment, payment gateways, shipment monitoring, contract handling, and supplier directories. Users benefit from real-time dashboards tracking margins, inventory shifts, cash projections, and mobile tools for on-site procurement and logistics coordination. | Minehub Technologies | $1.9M | 1.9x | |
May-26 | Ikigai Labs | | Ikigai Labs is a software provider that equips analysts and operations teams with automation tools for business, finance, analytics, and supply-chain functions. The company's Inventory Ops platform unifies real-time inventory visibility across multiple locations and sales channels through automated tracking and monitoring. Based in the United States, Ikigai Labs focuses on data-intensive workflows to streamline decision-making in dynamic environments. | Celonis | - | - | |
May-26 | Prolimax |  | Prolimax is a supply chain solutions provider for North American companies in EMEA. The firm handles asset management, lifecycle management, modular repair, data erasure, project management, iOS and Android services, warehousing, server appliances, system integration, and final assembly. | AHEAD | - | - | |
May-26 | Sedex Information Exchange |  | Sedex Information Exchange is the largest global platform for collaborative sharing of supply chain responsible sourcing data. | Apax Partners | - | - | |
May-26 | Clarico Systems | | Clarico Systems is a software provider for print and packaging. Estimating and quoting automation covers workflows like corrugated, folding carton, labels, wide format, die cutting, and knife cutting. | Amtech Software | - | - | |
May-26 | Bendi | | Bendi is an AI platform monitoring supply chain risks for human rights, environment, and governance issues. It scans news, legal databases, and social media in 50 languages, alerting brands to factory violations or regulatory changes. London-based Bendi serves fashion labels like H&M, retailers, and manufacturers tracking Tier 2 suppliers globally. | Worldly | - | - | |
Apr-26 | Sligo AI | | Sligo AI is an enterprise platform delivering safe, sovereign agentic AI infrastructure for procurement. | SpendHQ | - | - | |
Mar-26 | Digital SupplAI |  | Digital SupplAI is a company applying AI to digital transformation in supply chains, covering procurement, inventory management, and partner collaboration. | Timestamp | - | - |
Most active buyers of supply chain management software companies
Descartes Systems Group, GrubMarket and Aptean are the most active acquirers of supply chain management software companies in the last three years.
See all supply chain management software acquirers| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
Descartes Systems Group | | Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. Its core product is the Global Logistics Network, which is best understood as transaction-driven. Descartes charges clients to send/receive messages, data, and documents on the GLN. Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model. | Finale InventorySellerCloudBox Top Technologies+1 | 4 | |
GrubMarket | | GrubMarket is a San Leandro, California-headquartered AI-driven B2B ecommerce platform transforming the North American fresh produce supply chain. The company connects 30,000 suppliers and buyers through its marketplace, offering inventory management, logistics tracking, and financing. Operating coast-to-coast, it processes billions in transactions annually for fruits, vegetables, and seafood. Founded in 2016, GrubMarket expanded into Canada and Mexico, deploying blockchain for traceability and machine learning for demand prediction. | ProcurantParsemonyButter+1 | 3 | |
Aptean | | Aptean is an Alpharetta, Georgia-headquartered global provider of ERP software tailored for manufacturing, distribution, and services industries. Platforms like Aptean ERP and Industrial Innovator manage production planning, warehouse operations, and financials for clients in food, apparel, and automotive sectors. Formed in 2012 from QAD and CDC Software mergers, Aptean operates in 22 countries. | OpsVedaLogilityPrincipal Logistics Technologies+1 | 3 | |
SPS Commerce | | SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. The company has one operating segment Supply Chain Management Solutions, that derives revenues from customers by providing access to cloud-based supply chain management services, primarily under subscription-based service arrangements. | SupplyPikeTraverse SystemsTIE Kinetix+1 | 3 | |
Blue Yonder |  | Blue Yonder is a Scottsdale-headquartered supply chain management software provider, acquired by Panasonic in 2021. It offers cloud platforms for demand forecasting, inventory optimization, and warehouse execution using AI and machine learning. The company serves retailers like Walmart and Heineken across 80 countries with solutions deployed on AWS and Azure. | PledgeOne Network Enterprisesflexis AG+1 | 3 | |
IFS |  | IFS is a Sweden-headquartered global provider of enterprise software for manufacturing, asset-intensive industries, and service operations. Linköping-based IFS develops IFS Cloud, an AI-powered platform covering ERP, EAM, SCM, ITSM, and FSM modules. Serving over 10,000 customers including Rolls-Royce, Nestlé, and Boeing, IFS enables real-time analytics and predictive maintenance. Acquired by EQT in 2022, the company expanded through acquisitions like Infor's EAM business. | Softeon7bridgesEmpowerMX | 2 | |
Algo | | Algo is a Chicago-headquartered AI platform that analyzes supply and demand data for retailers, distributors, and manufacturers. The company applies machine learning to transform raw information into strategic opportunities, improving forecasting accuracy and operational decision-making in consumer goods supply chains. | Demand Driven TechnologiesV Net Solutions | 2 | |
WiseTech Global |  | WiseTech is a founder-led, global leader in logistics software for international freight forwarding. WiseTech’s core product, CargoWise, is used by the majority of the top 25 global freight forwarders and has world-leading annual customer retention rates of over 99%. CargoWise’s main competition consists of inhouse software solutions and analogue processes, providing a large and highly winnable market opportunity for WiseTech’s current and future products. | e2openOpenTecnologiaCentre for Customs and Excise Studies+1 | 2 | |
Stord | | Stord is an Atlanta-headquartered commerce platform offering end-to-end supply chain services including warehousing, transportation, fulfillment, order management systems, and warehouse management software. Its distributed network covers the United States, Canada, the United Kingdom, and the European Union, powering brands like Patagonia and New Balance. | ShipwireWare2GoPenny Black | 2 | |
Coupa | | Coupa is a Redwood City, California-headquartered provider of cloud-based spend management software. The platform automates procurement, invoicing, expense management, and payments for enterprises worldwide, integrating with ERP systems like SAP and Oracle. Listed on Nasdaq as COUP until its 2023 acquisition by Thoma Bravo, it serves Fortune 500 clients across manufacturing, retail, and financial services. | scoutbeeCirtuoRossum | 2 |
Founders and investors we've worked with
We've supported winning builders across supply chain management software and beyond.
MAILINGWORK
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
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TestSolutions
We acted as exclusive financial advisor to Swiss PE firm Patrimonium on its majority stake acquisition of TestSolutions, a Frankfurt-based software testing and IT services provider.
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Resillion
We provided buy-side advice to a dominant TIC industry player on the carve-out and acquisition of Resillion (fka Eurofins Digital Testing), a Hasselt-based digital testing, cybersecurity and forensics provider.
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Digital Asset Management Software Provider
We provided buy-side advice to Byron Capital Partners on its acquisition of a leading European digital asset management (DAM) software platform.
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Boryszew
We provided buy-side advice to Boryszew, a Warsaw-listed diversified industrial group across automotive, metals and chemicals, on industrial software market mapping and target screening for its buy-and-build strategy.
See moreRecent M&A advisory track record
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