![]() ![]() Upon closing, E2open will become a privately held company. "We look forward to building upon E2open's market leading position in a rapidly-changing environment." "E2open's unique business network and cloud-based software solutions provide real time visibility and critical insights into some of the largest supply chains in the world," added Ross Devor, Principal at Insight. "We look forward to contributing our software expertise to the talented team of professionals at E2open to expand their suite of solutions, grow their customer pipeline and further advance the Company's strategic goals." "We are excited to support the continued growth of E2open," said Ryan Hinkle, Managing Director of Insight Venture Partners. With the benefit of Insight's knowledge and domain expertise, combined with the added flexibility we will have as a private company, E2open will be able to focus on long-term investment and growth, which will benefit our employees, customers and partners." Furthermore, we are excited about the prospect of partnering with Insight Venture Partners, a firm with an established track record and deep domain expertise in software. ![]() Mark Woodward, President and Chief Executive Officer of E2open said, "After a comprehensive evaluation and review of strategic alternatives designed to enhance shareholder value, we are confident that this agreement represents a favorable outcome for our shareholders, providing them with immediate, substantial value. A minority portion of the equity will be provided by funds managed by Elliott Management. The Board of Directors of E2open has unanimously approved the merger agreement and recommends that E2open shareholders tender their shares in the tender offer. Under the terms of the agreement, an affiliate of Insight will commence a tender offer for all the outstanding shares of E2open common stock for $8.60 per share in cash, representing a 41% premium over E2open's closing stock price on February 4th, 2015. (NASDAQ:EOPN) ("E2open"), the leading provider of cloud-based solutions for collaborative planning and execution across global trading networks, today announced that it has entered into a definitive merger agreement whereby Insight Venture Partners ("Insight"), a leading global private equity and venture capital firm, will acquire E2open in a transaction valued at approximately $273 million. FOSTER CITY, Calif./PRNewswire/ - E2open, Inc. ![]()
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