Blume Global Inc., a provider of supply chain sourcing, procurement, execution and visibility technology solutions, announced the acquisition of LiveSource Inc., 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. Blume will incorporate LiveSource subsidiaries in Switzerland and France. LiveSource operations in the US and Europe will maintain their ISO 27001 certification and GDPR compliancy.
“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 normalize this information by leveraging data lake technology, standardizing 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.
“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.
About Blume Global
Supply chain technology provider Blume Global aims to make logistics processes more agile, dependable and sustainable with innovative execution and visibility solutions. The company’s direct connectivity to the ocean, air, rail, parcel, LTL and truckload carriers combines with Blume’s solutions and 27 years of industry data to maximize transportation spend, improve customer service and reduce carbon emissions for users.
LiveSource is a solution that is built for direct spend, built to connect all the moving parts, and built to adapt quickly to change. Born in the cloud, the application platform specializes in strategic sourcing, quality, tooling and supplier performance management.
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