Exiger Acquires Supply Dynamics
Exiger Acquires Supply Dynamics to Create First End-to-End Supply Chain Visibility and Supplier Risk Management Solution
Combined solution integrates supply chain risk event monitoring and automated due diligence with advanced item-level visibility and multi-tier supply chain mapping to reduce cost, mitigate risk, and enhance compliance for sourcing, acquisition, and procurement professionals across public and private sectors
Exiger, the leading SaaS supply chain risk management, third-party risk management and compliance company, announced today that it has acquired Supply Dynamics, the industry’s most sophisticated supply chain collaboration platform for tracking, tracing and choreographing the purchase and supply of subcontracted products, parts, raw materials and ingredients. Integration of Supply Dynamics’ SDX, PAC, and ExplorerRX products with Exiger’s Insight3PM, DDIQ, and Supply Chain Explorer will enable end-to-end supply chain visibility and holistic risk management via a single, secure, cloud-based enterprise platform. The acquisition positions Exiger at the forefront of the SaaS Supply Chain Management market, which is expected to grow to $19.8 billion by 2025.
“The impact of supply chain risk and disruption is ubiquitous across private industries, the U.S. Federal Government, and global public sector organizations,” said Exiger CEO Brandon Daniels. “Exiger’s acquisition of Supply Dynamics and its SDX product is an investment into the kind of future-proof solutions that the rapidly growing supply chain management market will continue to demand. The integration of SDX into Exiger’s industry leading SCRM platform will now allow customers to have a true competitive advantage, by not only pulling the full digital thread across their global supply chain, but by also analyzing that entire risk impact in one fell swoop. This will enable macroeconomic, microeconomic, reputational, and geopolitical risk assessment with ease, simplicity, and confidence like never before possible.”
Read the full press release here.