Blue Yonder, a leading supply chain solutions provider, has announced its agreement to acquire One Network Enterprises for approximately $839 million. The acquisition is subject to regulatory approval and is expected to close in the second or third quarter of this year [b5a6eee7].
One Network Enterprises specializes in AI platforms that offer end-to-end supply chain visibility, planning tools, order fulfillment, and payment solutions. By acquiring One Network, Blue Yonder aims to enhance its supply chain capabilities and enable its customers to share data with One Network's extensive network of 150,000 trading partners. This collaboration will help businesses avoid disruptions and reduce costs [b5a6eee7].
Blue Yonder has been actively investing in supply chain acquisitions, with over $1 billion invested in the past five quarters. The acquisition of One Network will further solidify Blue Yonder's position as a leading supply chain solutions company [b5a6eee7].
In other news, Cognizant's Bluebolt program has generated over $150 million in estimated annualized cost savings for enterprises. The grassroots innovation program, launched in April 2023, has received over 130,000 ideas from Cognizant associates, with more than 23,000 ideas implemented and over 8,000 projects in progress. Junior-level employees have been the main drivers of innovation, with 65% of ideas implemented coming from them. The program aims to keep clients at the cutting edge of business transformation through ideation and collaboration. Cognizant clients in the Manufacturing/Logistics/Energy/Utilities, Insurance, and Banking and Financial Services sectors have implemented the most Bluebolt ideas. Cognizant continues to invest in technologies and resources to accelerate ideation and collaboration, including the integration of a Gen AI-powered innovation assistant in collaboration with Microsoft [19459e0f].