One of the world’s leading providers of supply chain risk management has just been formed, following a combination of clients from two leading software as a service (SaaS) based supply chain risk management software companies.
Avetta and BROWZ announced in a statement this week that the two companies had combined both of their service offerings to establish a global network of more than 85,000 global customers in over 100 countries worldwide.
With more than 450 clients across a number of industry verticals including energy, chemicals, construction materials, mining, aerospace & defence and food & beverage, the company will deliver a technology platform that will streamline and simplify supplier engagement.
“Together, Avetta and BROWZ create a simplified supplier management solution designed to elevate safety and sustainability in workplaces around the world,” said John Herr, CEO of Avetta. “The streamlining of solutions in this market sector is one of the most common requests we hear from the customers we serve. Our customers will be delighted to learn about the benefits this combined global network will create for them. Our combined expertise of 30+ years in the industry will help both clients and suppliers achieve the highest standards of quality and safety.”
Financial terms of the transaction were not disclosed, but the new company will maintain the Avetta name and will offer solutions that should be “configurable to address the specific needs and requirements of their client base across industries and geographies.”
“BROWZ joining Avetta will strengthen and enhance capabilities for BROWZ’s customers and employees,” said Elaine Beitler, CEO of BROWZ. “Our industry was created to provide a simpler process for managing supply chain risk. This combination furthers our ability to provide an easier way for suppliers to share their compliance information, and a simpler, larger network for our customers. We will bring our technical expertise and customer service excellence to lead the industry at Avetta. This is a great combination, and we’re very excited about the future.”