HighJump, which is backed by Accel-KKR, has acquired Nexternal. Financial terms weren’t announced. Carlsbad, California-based Nexternal provides an ecommerce platform for manufacturers, distributors and retailers. News of the deal was announced by Software Equity Group which advised Nexternal.
SAN DIEGO, CA–(Marketwired – Jun 1, 2015) – Software Equity Group, LLC (SEG) announced today its client, Nexternal, a leading cloud eCommerce platform provider, has been acquired by HighJump, a global provider of supply chain management solutions.
Nexternal provides an omni-channel commerce platform that serves manufacturers, distributors and retailers. Nexternal’s platform includes a functionally rich order management system that captures both business-to-business and business-to-consumer orders, via standard and mobile web browsers. Going beyond traditional eCommerce, companies use Nexternal’s commerce platform to run call centers, generate and manage subscription orders, retrieve Amazon marketplace orders, create club orders and receive orders from other systems via its API. The system acts as the single hub for all pricing, promotions, status and customer care related to the order management lifecycle.
“HighJump continues to build on our strategy of providing end-to-end supply chain solutions built upon a common, adaptable technology platform,” said Michael Cornell, CEO of HighJump. “The acquisition of Nexternal adds important commerce capabilities to further deliver upon HighJump’s omni-channel vision and provides new options for HighJump’s 14,000 global customers.”
“The combination of Nexternal and HighJump will allow us to bring a unique set of technologies to our customers and our markets. Through its TrueCommerce division, HighJump is currently facilitating B2B transactions via EDI. For those customers, we can provide a second option — capturing B2B transactions via the web,” said Alex Gile, founder and President of Nexternal. “Furthermore, currently there is not a single provider of a unified eCommerce platform and warehouse management system. We look forward to changing that with this combination. I am confident that this combination provides great benefits for our customers, and provides long-term opportunity for our employees.”
About Software Equity Group
Software Equity Group is an investment bank and M&A advisory serving the software and technology sectors. Founded in 1992, the firm has guided and advised companies on five continents, including privately-held software and technology companies in the United States, Canada, Europe, Asia Pacific, Africa and Israel. SEG has represented public companies listed on the NASDAQ, NYSE, American, Toronto, London and Euronext exchanges, and also advises several of the world’s leading private equity firms. Software Equity Group has been ranked among the top ten investment banks worldwide for application software mergers and acquisitions.