Global Cloud Provider TrueCommerce Acquires DiCentral
TrueCommerce’s position as a leader in digital supply chain collaboration and connectivity is strengthened by this purchase.
FREMONT, CA: TrueCommerce, a chief global cloud provider of supply chain and trading partner integration, connectivity, and omnichannel solutions, recently acquired DiCentral, a leading global provider of B2B and API solutions. TrueCommerce will be able to propel the growth of its renowned global network, diversify its solution portfolio, and broaden its global geographic footprint as a result of this acquisition.
“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. “We are committed to enhancing and supporting DiCentral’s platform and I am pleased to welcome DiCentral’s customers and talented team to the TrueCommerce family.”
TrueCommerce’s position as a leader in digital supply chain collaboration and connectivity is strengthened by this purchase. TrueCommerce is uniquely positioned to revolutionize how its customers do business by leveraging the combined company’s expertise in automation, digitization, and integration, with value-added solutions designed to address complex supply chain and eCommerce challenges, improve operations, and increase profitability.
DiCentral, which is known for solving complex API (Application Programming Interfaces) and EDI (Electronic Data Interchange) business challenges, joins TrueCommerce’s Global Commerce Network with 30,000 connections and approximately 5,000 customers from a wide range of industries. TrueCommerce now has 160,000 connections and about 18,000 clients on its collaborative network. The assets of both firms are combined to create an unrivaled network and unique solution offering that allows customers to digitize, expand, and grow their businesses like never before.
Mai will join the TrueCommerce executive leadership team as TrueCommerce’s Co-Chief Strategy Officer. Todd Johnson will become DiCentral’s new CEO in addition to his current position as President and COO of TrueCommerce. John Fay will continue to lead the combined company as CEO.
“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.”
TrueCommerce’s aim for worldwide expansion is fueled by the acquisition, which includes increased services and integrations such as:
Augmented cloud-based global supply chain network.
API connectivity to important 3rd party systems has been improved.
A more comprehensive selection of SaaS applications and tools.
A solution that provides a more comprehensive view of the supply chain.
Geographically expanded footprint.
Integration with cloud-based SMB and enterprise-level ERPs will be tighter.
A more thorough drop-shipping service for retailers.
Accelerated rollout and ROI for customers.
“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.”
Welsh, Carson, Anderson & Stowe (WCAS), a major technology-focused private equity firm that just bought TrueCommerce, said in a statement, “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). In addition, AKKR remains a minority shareholder of TrueCommerce. DC Advisory advised DiCentral.