Blue Yonder Deepens Relationship with Panasonic
Panasonic is making an equity investment in supply chain software provider Blue Yonder that gives it a 20% minority ownership stake and one seat on the Blue Yonder board of directors.
The investment via a secondary sale of shares values Blue Yonder at an enterprise value of $5.5 billion. The decision builds on the two companies' existing relationship, a part of which also includes a joint venture in Japan.
Blue Yonder and Panasonic will combine resources and work with partner companies in Japan to fuel growth by selling Blue Yonder’s Luminate solutions and bringing forth new, jointly developed solutions on the Luminate platform that are designed to enhance customers’ capabilities for supply and demand forecasting, inventory and labor optimization, and streamlining business operations.
Blue Yonder, which was formerly known as JDA Software, counts such retailers as Best Buy, Lowe’s, Starbucks and Walmart among its customers.
“I am excited about this collaboration to realize our joint vision for digital supply chain — where Blue Yonder’s platform synchronizes with Panasonic’s edge offerings to deliver more autonomous, successful business outcomes for retailers, manufacturers and logistics providers,” said Girish Rishi, CEO of Blue Yonder. “We look forward to working within our Joint Venture in Japan to deliver tremendous customer value.”