Amber Road acquires Hong Kong-based ecVision for 24M

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East Rutherford-based Amber Road, a global trade management solutions provider, announced Monday that it has acquired ecVision, a cloud-based provider of collaboration solutions for brand-focused organizations, for approximately $24 million.”U.S. and European-based brand companies are under constant pressure to bring new products to market faster,” Kevin O’Marah, chief content officer at SCM World, said in a prepared statement. “It’s all about accelerated merchandise innovation and rapid, profitable execution. More effective collaboration with Asian-based manufacturers is key to that equation. Where ecVision helps drive these benefits on the front end of the process, Amber Road picks it up at point of shipment to ensure compliant, cost-effective global delivery to the brand or retailer. It’s a very synergistic union.”

EcVision is headquartered in Hong Kong, with company-owned locations in China and the U.S. It represents brands such as Li & Fung, Coach, VF Corporation and more, with underlying brands like Calvin Klein, Timberland and Tommy Hilfiger.

“This acquisition delivers value for Amber Road customers by providing new global supply chain capabilities to increase product innovation, while balancing product compliance risks and costs with shorter product lead times,” Jim Preuninger, CEO of Amber Road, said in a prepared statement. “It expands our solution footprint by providing more services at origin, where the global supply chain begins, and strengthens our value proposition in key industries. This combination extends our leading presence in the Asia Pacific region, which continues to be a strong growth market for us. Finally, this union gives us another significant differentiator in the marketplace. We believe Amber Road is the only international cloud-based supply chain vendor offering such an expansive suite of capabilities.”

The transaction is being financed with cash and a $20 million term loan with KeyBank N.A.

The Jordan, Edmiston Group Inc. served as financial adviser to ecVision.

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