Mergers and Acquisitions
Sage Acquires Supply Chain Software Platform Anvyl
With this acquisition, Anvyl's supply chain software will allow Sage to deliver a supply chain execution solution to SMBs.
Oct. 01, 2024
Accounting software provider Sage is enhancing its supply chain solution capabilities by acquiring Anvyl, a New York-based technology firm focused on the high-growth $20 billion supply chain software sector.
Financial terms of the deal weren’t disclosed.
“Our acquisition of Anvyl reinforces Sage’s commitment to offering comprehensive back-office solutions for small and midsized businesses, particularly in supply chain management,” Mark Hickman, managing director, North America at Sage, said in a statement. “This move aligns with our strategy to expand beyond financials, providing a broader range of tools to help businesses thrive.”
With this acquisition, Anvyl’s end-to-end supply chain software will allow Sage to deliver a cost-effective supply chain execution (SCE) solution that provides SMBs with complete visibility across their entire supply chains—from purchase order creation to warehouse delivery.
The solution combines intelligent purchase order management with a broad supplier network to be delivered through Sage Network, which is Sage’s platform of products and services that benefits customers by connecting business ecosystems.
“By integrating Anvyl’s technology with Sage’s solutions, we’re enabling businesses to connect with multiple buyers and suppliers, optimize operations, reduce costs, and enhance customer service—helping them stay competitive in the rapidly growing supply chain execution market,” Hickman said. “This acquisition also brings a highly skilled team from Anvyl, with deep expertise and a proven track record in the supply chain sector.”
Founded in 2017, Anvyl says its mission is to “bring intelligent and connected supply chains to customers around the world. We add simplicity to a complex process so that everyone in the supply chain can benefit from it.”
“Anvyl is excited to continue its mission as the leading technology for global production,” said CEO and founder Rodney Manzo. “Sage’s acquisition allows Anvyl to deliver world-class supply chain technology to the market, helping operational and production teams save time and manage their supply chain more efficiently. We look forward to being able to continue to support our customers and bring even more innovative products to the market.”