California-based Source Intelligence, a provider of software for supply chain compliance and ESG management solutions, announced on Tuesday, May 23, that it has acquired ChainPoint, a Dutch software platform for monitoring and securing supply chains.
Source Intelligence says the acquisition will enable it to expand its European presence. It allows both companies to better serve their clients in managing and improving sustainable supply chains while reducing costs and risk.
Further, the partnership also enhances Source Intelligence’s solutions with traceability capabilities for raw materials such as cocoa beans, cotton, timber, palm oil, and many other commodities.
ChainPoint: Helps companies monitor supply chains
Based out of Arnhem, the Netherlands, ChainPoint helps companies monitor supply chains by connecting systems and sharing information.
Founded in 2003 by Johan Zandbergen, ChainPoint’s cloud-based platform allows users to manage and share product, process, and supplier information from raw material to finished product.
ChainPoint’s software is flexible and scalable in any industry, commodity, and supply chain.
The company’s solutions are used by over 70,000 companies globally and trusted by world-leading brands such as BCI, Tony’s Chocolonely, and Next.
“Joining forces with Source Intelligence will consolidate our position on international markets and further strengthen the innovation and quality of service our team brings to existing and new clients,” says Johan Zandbergen, Founder and CEO of ChainPoint.
Source Intelligence: Supply chain compliance and ESG management
Based in California, Source Intelligence delivers services and software that streamline product compliance and ESG management.
The SaaS company provides fully scalable solutions for Product Compliance, Responsible Sourcing, Sustainability, and Parts Obsolescence. These solutions can be configured for the unique needs of every enterprise.
“The acquisition of ChainPoint allows us to trace more raw materials back to their source and expands our ability to serve clients in other industries, including food, apparel, and retail,” says Glenn Trout, CEO of Source Intelligence.
“With a broader range of Supply Chain Compliance and Transparency solutions, we are better positioned to serve our rapidly growing global customer base,” adds Trout.
Read the orginal article: https://siliconcanals.com/news/startups/dutch-chainpoint-acquired-by-source-intelligence/
