Welcome to our dedicated page for E2Open Parent Holdings news (Ticker: ETWO), a resource for investors and traders seeking the latest updates and insights on E2Open Parent Holdings stock.
E2open Parent Holdings Inc (ETWO) provides cloud-based supply chain management solutions that connect global enterprises through integrated planning, logistics, and analytics tools. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry professionals will find timely updates including earnings reports, strategic partnerships, product enhancements, and leadership changes. Our curated collection ensures access to both recent press releases and historical announcements critical for understanding ETWO’s evolving role in digital supply chain transformation.
Key content categories include financial performance updates, client success stories, platform feature releases, and industry recognition milestones. All materials are sourced directly from the company to ensure accuracy and compliance with disclosure standards.
Bookmark this page to monitor how ETWO continues to innovate in supply chain SaaS solutions, providing enterprises with tools to optimize procurement, manufacturing, and distribution networks worldwide.
E2open Parent Holdings (ETWO) reported strong financial results for fiscal 2022, with a total GAAP revenue of $425.6 million, surpassing guidance of $475 million. Subscription revenue rose to $335.5 million, marking a 9.8% growth year-over-year. The company achieved a net income of $67.7 million in Q4 and plans to increase its long-term organic growth rate target from over 10% to over 12%. E2open's subscription revenue growth is expected to reach 11.4% for fiscal 2023, driven by strong demand and a high net retention rate of 108%. Cash flow operations improved to $51.2 million.
E2open Parent Holdings (NYSE: ETWO) announced the appointment of Marje Armstrong as the new chief financial officer, effective May 16, 2022. Armstrong brings over 20 years of experience in driving growth for SaaS and enterprise companies. She replaces Jarett Janik, who is retiring after four years. Armstrong's previous roles include vice president of finance at Dropbox and positions at Morgan Stanley and Goldman Sachs. The CEO, Michael Farlekas, expressed confidence in her ability to lead E2open during its growth phase.
E2open Parent Holdings (ETWO), a cloud-based supply chain management provider, has announced a strategic alliance with KPMG LLP. This partnership aims to enhance supply chain technologies and improve client outcomes. The newly established KPMG E2open practice will focus on technology adoption, creating more connected and resilient supply chains. CEO Michael Farlekas emphasized the goal of driving value for clients through this collaboration. KPMG recently received an award from E2open, highlighting the strength of their partnership.
E2open Parent Holdings (NYSE: ETWO) announces its partnership with Leschaco, a global logistics service provider, to enhance its digital transformation. The collaboration involves deploying E2open's advanced Transportation Management System (TMS) at all 73 Leschaco locations across 23 countries. This strategic alliance aims to optimize operational efficiency, improve productivity, and provide better visibility for customers. E2open's cloud-based platform will also integrate with Leschaco's existing systems, promoting automation and flexibility for future growth.
E2open Parent Holdings, Inc. (NYSE: ETWO) has amended and upsized its credit facility, securing an incremental term loan from Golub Capital. The proceeds will finance the initial payment for Logistyx Technologies, allowing E2open to cover the remaining payments with cash. The total credit facility now includes $1.1 billion in term loans and a $155 million revolving credit facility, maturing in February 2028 at an interest of LIBOR + 3.50%. This financing enables share repurchases and other corporate purposes, demonstrating E2open's proactive approach in a challenging credit environment.
E2open Parent Holdings (NYSE: ETWO) has been recognized as a Challenger in the 2022 Gartner Magic Quadrant for Transportation Management Systems, achieving the highest placement for Ability to Execute and Completeness of Vision. This recognition underscores E2open's robust platform for logistics management, enabling optimization for shippers across all modes. Recent investments, including acquisitions of BluJay and Logistyx, enhance E2open's capabilities in fleet management and e-commerce parcel shipping. The company aims to simplify logistics planning and execution in an increasingly complex supply chain environment.
E2open Parent Holdings, Inc. (NYSE: ETWO) has acquired Logistyx Technologies, a multi-carrier shipping software company, for $185 million. This acquisition enhances E2open’s cloud-based supply chain management platform by integrating Logistyx’s parcel management technology, thereby expanding E2open's global multi-carrier capabilities. CEO Michael Farlekas emphasized the growing demand for flexible e-commerce shipping solutions as a key driver for this acquisition. The combination aims to streamline operations for E2open's global enterprise customers.
E2open Parent Holdings has been recognized as a Leader in The Forrester Wave™: Channel Incentive Management, Q1 2022.
E2open achieved the highest scores in nine evaluation criteria, reflecting its strong presence in the channel incentives management market. The Forrester Wave report highlights E2open's capabilities in integrating early-stage supply chain data with late-stage market insights to enhance partner engagement and drive optimal revenue management.
Executive VP Pawan Joshi emphasizes the company's commitment to improving supply chain connectivity and efficiency through innovative incentives solutions.
E2open Parent Holdings (NYSE: ETWO) announces the retirement of CFO Jarett Janik, who has served since April 2018. Janik will remain until a successor is found, facilitating a smooth transition. CEO Michael Farlekas highlighted Janik's vital role during a transformative period that included significant acquisitions and the company's public listing in February 2021. Janik expressed gratitude for his experience and plans to focus on philanthropic efforts and family time post-retirement.
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