News | January 4, 2022

Blume Global Acquires LiveSource

Agreement expands sourcing, procurement and quality capabilities for the leader in logistics execution technology

Pleasanton, CA /PRNewswire/ - Blume Global, a leading provider of sourcing, procurement, execution and supply chain visibility technology solutions, today announced the acquisition of LiveSource, a leading commercial network in the supply chain. from multi-company supplies to complex manufacturers. The company, which has offices across North America, Europe and Asia, offers procurement and sourcing orchestration technologies, 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 resources to fully support existing LiveSource customers around the world. The agreement will give existing LiveSource customers access to Blume's extensive logistics execution technology and supply chain management expertise, enabling these customers to have complete control over the last part of the freight transport in their operations and grants transparency to alternative providers. Multimodal international transport management systems (TMS) along with multi-stage transport visibility capabilities complement LiveSource's solutions.

Blume will incorporate LiveSource branches in Switzerland and France. LiveSource's US and European operations will retain their ISO 27001 certification and GDPR compliance.

"Manufacturers manage an extraordinary amount of provider procurement and sourcing data, as well as quality management information, which is typically found in disparate systems. LiveSource solutions normalize this information by leveraging data lake technology and standardizing the data across executable intelligence," said Bo Hagler , CEO of LiveSource, who will join Blume's management team and be under the direct supervision of Pervinder Johar , Global CEO of Blume. "I am excited about the future of our technology in the hands of Blume Global, one of the leading providers of supply chain visibility and execution solutions today. I know CEO Pervinder Johar for many years and I am committed to your vision for the future of the global supply chain."

LiveSource has been recognized in different Gartner reports for its application suites for strategic sourcing and multi-enterprise supply chain business networks. Blume also benefits from LiveSource's strong product management talent and considerable presence in Europe.

"Blume is focused on supply chain orchestration. The LiveSource acquisition complements Blume's logistics orchestration and visibility with LiveSource's supply chain orchestration and visibility," explained Johar, who previously served on the board of directors. from LiveSource. "The acquisition of LiveSource also complements Blume's strong presence in North America and Asia with a strong presence in Europe, which includes a wholly owned subsidiary and leadership with deep industry experience."

About Blume Global
Supply chain technology provider Blume Global is eliminating $1 trillion in waste from the global supply chain with innovative execution and visibility solutions that make logistics processes more agile, reliable and sustainable. Blume has the most extensive network among logistics technology providers. The company's direct connection to ocean, air, rail, package, LTL and freight truck carriers combines with Blume solutions and 27 years of industry data to give users the intelligence needed to maximize transportation expenses , improve customer service and reduce carbon emissions. These solutions are backed by a large R&D organization that continually adds new high-value chain sustainability solutions , fighting climate change by eliminating significant levels of carbon emissions in a world where most cargo is transported using fossil fuels.

About LiveSource
Since 2000, LiveSource has helped some of the world's largest complex manufacturers know what's to come. It is the only solution designed for direct spend, to connect all moving parts and to adapt to changes quickly. Born in the cloud, the application platform specializes in strategic sourcing, quality, equipment and supplier performance management. That's why industry leaders around the world like Dana, Adient, Vibracoustic and Goodman Manufacturing turn to LiveSource to avoid hidden risks and stay competitive in a world of low margins.

Source: Blume Global

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