TrueCommerce – Saudi Mirror http://www.saudimirror.com News On-line Thu, 09 Jun 2022 12:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Asda Stores Ltd Selects TrueCommerce to Manage its Business Transformation Initiative as It Separates from Walmart http://www.saudimirror.com/asda-stores-ltd-selects-truecommerce-to-manage-its-business-transformation-initiative-as-it-separates-from-walmart/ Thu, 09 Jun 2022 12:00:00 +0000 http://www.saudimirror.com/?p=214797 COVENTRY, United Kingdom, June 09, 2022 (GLOBE NEWSWIRE) — TrueCommerce, a leading global cloud provider of supply chain and trading partner connectivity, integration and omnichannel solutions, announced today that Asda is now using TrueCommerce's EDI–based supplier enablement solution to manage supplier communications.

As the third–largest supermarket chain in the UK, Asda operates over 600 retail stores. The brand also offers their products online via Asda.com, which serves 98% of UK homes. To do so, Asda is supported by 37 distribution and fulfilment centres and thousands of suppliers.

In February 2021, Asda was sold by Walmart to the Issa Brothers and TDR Capital. That sale led the company to choose a new EDI provider that would support its future as a standalone business: TrueCommerce.

"TrueCommerce was part of a comprehensive RFP process and was selected on the basis of four key factors: its ability to understand and meet the Asda capability requirements, its confidence in adhering to programme timelines, its deep knowledge and expertise, and its overall commercial competitiveness," said Jenny Hopkins, Senior Director at Asda.

As part of the agreement, TrueCommerce will implement a supplier enablement platform catering to the needs of the over 2,000 suppliers that make up Asda's entire supplier community, with integration into the business's SAP ERP system. As an SAP Silver Partner, TrueCommerce's solution offers the highest level of integration and automation with the SAP system.

The solution offered by TrueCommerce features key capabilities that will enable thousands of Asda suppliers, regardless of their size or technical maturity, to easily communicate with the retailer. In addition to supporting EDI transactions, the supplier enablement platform also includes a web–EDI portal for use by non–EDI capable vendors. TrueCommerce's platform also includes fully managed supplier onboarding and communications management for EDI–related supplier queries.

TrueCommerce's expertise in the market and experience in managing complex supply chain communications for enterprise–grade businesses will enable a seamless transition for Asda and its supplier community. It will encourage higher rates of adoption that will, in turn, underpin the company's ongoing supplier communication efforts.

Jenny highlighted that, "By partnering with TrueCommerce, Asda will offer a strong, stable, fully reliable and excellently managed EDI programme to our highly valued Asda suppliers, no matter how big or small they are!"

David Grosvenor, Managing Director, TrueCommerce Europe said, "I'd like to thank Jenny and the team at Asda for their cooperation in this process. Our teams at TrueCommerce are delighted to begin working with Asda and help further strengthen their business in the UK retail landscape."

About Asda Stores Ltd

Founded in the 1960s in Yorkshire, Asda is Britain's third largest supermarket. Dedicated colleagues serve customers from its network of stores and online services, including supercentres, superstores, supermarkets, living stores, petrol filling stations and depots across the UK. Asda was acquired by Issa TDR from Walmart in 2020.

About TrueCommerce

TrueCommerce is the most complete way to connect your business across the supply chain, integrating everything from EDI to inventory management, to fulfilment, to digital storefronts and marketplaces. We've revolutionised supply chain visibility and collaboration by helping organisations make the most of their omnichannel initiatives via business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross–functional analytics, and product information management.

The TrueCommerce Global Commerce Network can connect businesses to over 160,000 retailers, distributors, and logistics service providers. As a fully managed services provider, we also manage new trading partner onboarding, as well as the ongoing management of partner–specific mapping, labeling changes, and communications monitoring. That's why thousands of companies""ranging from startups to the global Fortune 100, across various industries""rely on us.

TrueCommerce: Do business in every direction

For more information, visit TrueCommerce.

Media Contact
Yegor Kuznetsov, TrueCommerce
703–209–0167
yegor.kuznetsov@truecommerce.com


GLOBENEWSWIRE (Distribution ID 8568856)

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TrueCommerce Appoints Randy Curran as CEO to Lead Company Through Next Phase of Growth http://www.saudimirror.com/truecommerce-appoints-randy-curran-as-ceo-to-lead-company-through-next-phase-of-growth/ Tue, 07 Jun 2022 12:00:00 +0000 http://www.saudimirror.com/?p=214840 FLORHAM PARK, N.J., June 07, 2022 (GLOBE NEWSWIRE) — TrueCommerce, a global provider of trading partner connectivity, integration, and unified commerce solutions, announced today that Randy Curran has been appointed as Chief Executive Officer and a member of the Board of Directors, effective June 1, 2022.

"We're incredibly proud of the growth TrueCommerce has experienced," said Ryan Harper, General Partner for Welsh, Carson, Anderson & Stowe (WCAS) and member of the TrueCommerce Board of Directors. "We're confident TrueCommerce will accelerate this upward trajectory under Randy's guidance. He is a proven leader with an extensive background in leading companies into their next stages of growth and operational excellence."

TrueCommerce's growth is attributed to several factors. With its acquisition of DiCentral, the company doubled its headcount, increased its customer base by 40%, and expanded its presence across the Americas, Europe, and Asia Pacific. It also invested in its global platform and product development, experiencing a 24% increase in total connections to its global network year over year and a 25% increase in overall data volume on the TrueCommerce Commerce Network compared to 2020.

Mr. Curran is a long–time technology leader with decades of experience transforming and propelling high–growth, international companies to success. He most recently served as an Operating Partner for WCAS, a leading U.S. private equity firm and majority stakeholder of TrueCommerce. Prior to Welsh Carson, Mr. Curran served as CEO for OHL, Inc. (later purchased by GEODIS), the fourth–largest third–party logistics warehouse (3PL) in the U.S., where he created alignment among the management team and led the enhancement of information systems that serviced customers and employees. Mr. Curran also held CEO roles at ITC^Deltacom, Inc. (now Deltacom), ICG Communications, and Thermadyne Holdings, Inc. He graduated from DePauw University with a B.A. in Economics and has an MBA from Loyola University.

"TrueCommerce is at the forefront of the supply chain technology market, and in a global economy that necessitates reliable, seamless supply chain solutions, the growth opportunities for the company are tremendous," said Mr. Curran. "I'm honored to join this talented team to drive home the alignment of customer success, implementation, support, and making TrueCommerce a destination employer."

About Welsh, Carson, Anderson & Stowe
WCAS is a leading U.S. private equity firm focused on two target industries: healthcare and technology. Since its founding in 1979, the firm's strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives, and strategic acquisitions. The firm has raised and managed funds totaling over $27 billion of committed capital. For more information, please visit www.wcas.com.

About TrueCommerce
TrueCommerce is the most complete way to connect your business across the supply chain, integrating everything from EDI, to inventory management, to fulfillment, to digital storefronts and marketplaces. We've revolutionized supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives via business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross–functional analytics, and product information management.

The TrueCommerce Global Commerce Network can connect businesses to over 160,000 retailers, distributors, and logistics service providers. As a fully managed services provider, we also manage new trading partner onboarding, as well as the ongoing management of partner–specific mapping, labeling changes, and communications monitoring. That's why thousands of companies""ranging from startups to the global Fortune 100, across various industries""rely on us.

TrueCommerce: Do business in every direction
For more information, visit https://www.truecommerce.com.

Media Contact
Yegor Kuznetsov
Director, Marketing Communications
1–703–209–0167
yegor.kuznetsov@truecommerce.com


GLOBENEWSWIRE (Distribution ID 8566908)

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TrueCommerce Recognized in 2022 Gartner® Magic Quadrantâ„¢ for Multienterprise Supply Chain Business Networks http://www.saudimirror.com/truecommerce-recognized-in-2022-gartner-magic-quadrant-for-multienterprise-supply-chain-business-networks/ Thu, 02 Jun 2022 14:00:00 +0000 http://www.saudimirror.com/?p=213907 FLORHAM PARK, N.J., June 02, 2022 (GLOBE NEWSWIRE) — TrueCommerce, a global provider of trading partner connectivity, integration, and unified commerce solutions, has announced today that it has been recognized by Gartner Inc. as a Challenger in the May 2022 Magic Quadrant for Multienterprise Supply Chain Business Networks (MESCBNs).1 The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute.

Gartner defines "multienterprise supply chain business networks" (MESCBNs) as holistic and cohesive platforms that support a shipper–centric community of trading partners that need to coordinate and execute on business processes that extend across multiple enterprises. Gartner considers MESCBNs to be foundational technology for higher–maturity organizations, implemented to coordinate, orchestrate, automate and transform an organization's extended supply chain within the overall business ecosystem they operate in for driving collaboration and enhancing competitiveness.
Core capabilities of the MESCBN market include:

  • Extensive network connectivity with support of multitier and multitype partner ecosystems and technology platforms
  • Centralized information/data hub and visualization
  • Universal cross–domain apps
  • Core supply chain execution apps (enterprise– and multienterprise–centric)
  • Supplemental supply chain apps (planning or finance)
  • Embedded intelligence

"To us it's exciting to secure the Challenger position in this foundational research "" four years in a row," said Mike Gross, SVP of Product, TrueCommerce. "Over the last year, we have made significant investments in our technology and people, expanding our customer base by 40% as a result. We also have exciting new product innovations underway including the utilization of APIs and leveraging our universal adapter to broaden both internal and external integrations as well as the greater utilization of data through artificial intelligence/machine learning."

TrueCommerce offers a broad set of unified commerce solutions and apps that connect customers, suppliers, channels, and systems. These solutions revolutionize supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives through business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross–functional analytics, and product information management.

The solutions leverage TrueCommerce's Global Commerce Network, which includes more than 160,000 connected businesses. Beyond the platform itself, the supply–chain–as–a–service model offered by TrueCommerce includes personalized support, trading partner mapping and ongoing compliance monitoring.

TrueCommerce's technology innovations and business strategy have won it numerous industry accolades. In addition to being named as a Challenger again by Gartner, the company was recognized in the following prominent analyst reports:

  • Leader in IDC MarketScape for Worldwide Multi–Enterprise Supply Chain Commerce Network, 2021
  • Contender in IDC MarketScape for Worldwide Product Information Management Applications, 2021
  • Contender in IDC MarketScape for Worldwide B2B Digital Commerce Platforms Vendor Assessment, 2020
  • Contender in IDC MarketScape for Worldwide B2C Digital Commerce Platforms Vendor Assessment, 2020

Download a complimentary copy of the Gartner Magic Quadrant report here.

Disclaimer
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER and Magic Quadrant are registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used here in with permission. All rights reserved.

Additional resources:

" Explore TrueCommerce on this blog
" Follow TrueCommerce on LinkedIn, Facebook and Twitter

About TrueCommerce

TrueCommerce is the most complete way to connect your business across the supply chain, integrating everything from EDI, to inventory management, to fulfillment, to digital storefronts and marketplaces. We've revolutionized supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives via business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross–functional analytics, and product information management.

The TrueCommerce Global Commerce Network can connect businesses to over 160,000 retailers, distributors, and logistics service providers. As a fully managed services provider, we also manage new trading partner onboarding, as well as the ongoing management of partner–specific mapping, labeling changes, and communications monitoring. That's why thousands of companies""ranging from startups to the global Fortune 100, across various industries""rely on us.

TrueCommerce: Do business in every direction
For more information, visit https://truecommerce.com/

TrueCommerce is a registered trademark of True Commerce, Inc. All other trademarks are property of their respective owners.

Media Contact
Yegor Kuznetsov
Director, Marketing Communications
1–703–209–0167
yegor.kuznetsov@truecommerce.com


1 Source: Gartner, "Magic Quadrant for Multienterprise Supply Chain Business Networks", Christian Titze, Brock Johns, 23 May 2022


GLOBENEWSWIRE (Distribution ID 8564801)

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TrueCommerce Acquires DiCentral http://www.saudimirror.com/truecommerce-acquires-dicentral/ Mon, 13 Sep 2021 13:30:00 +0000 http://www.saudimirror.com/?p=214103 PITTSBURGH, Sept. 13, 2021 (GLOBE NEWSWIRE) — TrueCommerce, a leading global cloud provider of supply chain and trading partner connectivity, integration, and omnichannel solutions, announced today that it has acquired DiCentral, a leading global B2B and API solutions provider. This acquisition enables TrueCommerce to fuel the growth of its leading global network, deepen its solutions portfolio, and expand its global geographic footprint.

This acquisition further cements TrueCommerce's position as a leader in the digital supply chain collaboration and connectivity space. By leveraging the combined company's expertise in automation, digitalization, and integration, TrueCommerce is uniquely positioned to transform the way its customers do business, with value–added solutions designed to tackle complex supply chain and eCommerce challenges, streamline operations, and increase profitability.

Known for simplifying complex API and EDI business challenges, DiCentral adds 30,000 connections to TrueCommerce's Global Commerce Network, plus nearly 5,000 customers from a diverse base. The combined TrueCommerce network now expands to 160,000 connections and nearly 18,000 customers. Combining the strengths of both companies creates an unmatched network and innovative solution offering that empowers customers to digitize, expand, and grow their businesses like never before.

"Together, we offer intuitive integrated solutions and connectivity that solve the challenges our customers face in growing their business across an increasingly digitized, global, and complex supply chain," said John Fay, CEO of TrueCommerce.

The acquisition fuels TrueCommerce's vision for global growth with expanded services and integrations, including:

  • Expanded cloud–based global supply chain network
  • Increased API connectivity to key 3rd party solutions
  • An enhanced set of integrated SaaS applications and tools
  • Powerful iPaaS capabilities
  • A more extensive supply chain visibility solution
  • Extended geographic footprint
  • A more comprehensive retail drop ship program
  • Tighter integration with cloud–based SMB & enterprise–level ERPs
  • Accelerated deployment and ROI for customers

"I am thrilled to be joining the TrueCommerce leadership team and working alongside John Fay and Todd Johnson to seamlessly bring the two companies together," said Thuy Mai, CEO of DiCentral. "We see this as a win–win for both TrueCommerce and DiCentral customers. The resulting increase in global network connectivity, commerce solutions, applications, and tools provides an unmatched offering for customers looking to grow their businesses."

Mr. Mai will become a member of the TrueCommerce executive leadership team, serving as Co–Chief Strategy Officer of TrueCommerce. Todd Johnson will serve as the new CEO of DiCentral in addition to his current role as President and COO of TrueCommerce. John Fay will continue to serve as CEO of the combined company.

"DiCentral's offerings strengthen our multienterprise commerce network, which already empowers businesses of all sizes to grow both domestically and internationally," said Todd Johnson, CEO of DiCentral and President and COO of TrueCommerce. "I'm looking forward to working with the DiCentral team and continuing to provide best–in–class solutions and services to our customers."

Ryan Harper, General Partner at Welsh, Carson, Anderson & Stowe (WCAS), a leading technology–focused private equity firm that recently acquired TrueCommerce, remarked, "We are confident that TrueCommerce is on track to becoming the global leader in supply chain collaboration, connectivity and omnichannel solutions. We continue to support the strategy of combining organic growth with focused, strategic acquisitions that expand the depth and breadth of new and existing segments, geographies, and capability areas."

WCAS acquired TrueCommerce in November 2020 from Accel–KKR (AKKR). AKKR remains a minority shareholder of TrueCommerce. DiCentral was advised by DC Advisory.

About TrueCommerce
TrueCommerce is the most complete way to connect your business across the supply chain, integrating everything from EDI, to inventory management, to fulfillment, to digital storefronts and marketplaces. We've revolutionized supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives via business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross–functional analytics, and product information management.

The TrueCommerce Global Commerce Network can connect businesses to over 130,000 retailers, distributors, and logistics service providers. As a fully managed services provider, we also manage new trading partner onboarding, as well as the ongoing management of partner–specific mapping, labeling changes, and communications monitoring. That's why thousands of companies""ranging from startups to the global Fortune 100, across various industries""rely on us.

TrueCommerce: Do business in every direction
For more information, visit www.truecommerce.com

About DiCentral
Founded in 2000, DiCentral is a leading global provider of business–to–business and application integration solutions, with over two decades of experience solving complex EDI and API challenges. As market conditions continue to uctuate and technology is deployed to manage process changes, leading organizations rely on DiCentral's cloud–based integration platform and a global team of specialized experts to integrate and leverage data across multiple cloud and on–premises systems and applications.

Headquartered in Houston, Texas, DiCentral has 11 offices worldwide, supporting customers in more than 35 countries. DiCentral utilizes a vast library of integrations with ERPs and other applications to seamlessly exchange transactional data with trading partners worldwide to maximize ROI while maintaining existing data infrastructure. DiCentral's services and solutions are leveraged by many Fortune 1000 companies, processing over $200 billion in transactions for over 30,000 organizations worldwide. For more information, visit www.dicentral.com.

About Welsh, Carson, Anderson & Stowe
WCAS is a leading U.S. private equity firm focused on two target industries: technology and healthcare. Since its founding in 1979, the firm's strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives and strategic acquisitions. The firm has raised and managed funds totaling over $27 billion of committed capital. For more information, please visit www.wcas.com.

About Accel–KKR
Accel–KKR is a technology–focused investment firm with over $10 billion in capital commitments. The firm focuses on software and tech–enabled businesses, well–positioned for topline and bottom–line growth. At the core of Accel–KKR's investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel–KKR network. Accel–KKR focuses on middle–market companies and provides a broad range of capital solutions including buyout capital, minority–growth investments, and credit alternatives. Accel–KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve–outs and going–private transactions. In 2019 and 2020, Inc. named Accel–KKR to "PE 50 "" The Best Private Equity Firms for Entrepreneurs," its annual list of founder–friendly private equity firms. Accel–KKR is headquartered in Menlo Park with offices in Atlanta and London. Visit www.accel–kkr.com to learn more.

Media Contact

Lisa Aurichio
President, BSYA
(917) 476–8366
Lisa@bsya.com


GLOBENEWSWIRE (Distribution ID 8323883)

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