Blume Global, a provider of supply chain sourcing, procurement, execution and visibility technology solutions, today announced the acquisition of LiveSource, a multi-enterprise supply chain business network for complex manufacturers.
The company, which has offices throughout North America, Europe and Asia, provides sourcing and procurement orchestration technology, among other solutions, to the automotive and industrial manufacturing sectors.
As of January 1, all LiveSource employees are part of Blume Global, which has the capabilities to fully support existing LiveSource customers throughout the world. The deal will give current LiveSource customers access to Blume’s extensive logistics execution technology and supply chain management expertise, empowering these customers with total control of the freight transportation end of their operations and giving them transparency to alternative suppliers. Blume’s multi-leg transportation visibility and multimodal international TMS capabilities complement LiveSource solutions.
“Manufacturers manage an extraordinary amount of supplier sourcing and procurement data, as well as quality management information, that is typically in disparate systems. LiveSource solutions normalise this information by leveraging data lake technology, standardising the data into actionable intelligence,” said Bo Hagler, CEO of LiveSource, who will be joining the Blume management team and reporting directly to Blume Global CEO Pervinder Johar. “I am excited about the future of our technology in the hands of Blume Global, one of the leading providers of supply chain execution and visibility solutions out there today. I’ve known CEO Pervinder Johar for many years, and I am invested in his vision for the future of the global supply chain.”
LiveSource has been recognised in Gartner reports for strategic sourcing application suites and multi-enterprise supply chain business networks. Blume also benefits from LiveSource’s strong product management talent and sizable presence in Europe.
“Blume is focused on supply chain orchestration. The acquisition of LiveSource complements Blume’s logistics orchestration and visibility with LiveSource’s sourcing and procurement orchestration and visibility,” said Johar, who formerly served on the board of directors at LiveSource. “Acquiring LiveSource also complements Blume’s strong North American and Asian presence with a strong presence in Europe, which includes a wholly owned subsidiary, and veteran industry leadership.