Minneapolis-based
HighJump Software employees may want to take an accelerated course in Danish so they can visit the company's newest offices.
The supply chain management software provider recently announced that it acquired
Evenex, a provider of business-to-business integration solutions. Located in Denmark, Evenex allows customers to exchange business documents through managed cloud services. HighJump Software, with its emphasis on efficient supply chain capabilities, will give the Danish firm greater market reach.
In other words, as they'd say in Denmark, it's a "gode tilbud" (good deal) for both companies.
HighJump Software CEO Russell Fleischer notes that the acquisition is important for expanding the company's reach in Europe, and hints that the Evenex deal could be the kickoff for more acquisitions in the future.
"It's an important first step towards broadening our geographic coverage in Europe," he says. "We look forward to driving organic growth as well as continued to look for logical merger and acquisition opportunities."
The deal will give the Danish firm access to capital that will help foster growth.
The acquisition comes during a strong year for HighJump, which has been busy enhancing its products for SMB customers, attracting large clients with refined software offerings, and cementing new partnerships.
Fleischer notes that all of these moves are enabling customers to have technologies that work for their specific business needs and processes. With the year only half over, it's likely that HighJump will keep its expansion and development going strong for 2013.
Source: Russell Fleischer, HighJump Software
Writer: Elizabeth Millard