TradeBeyond Acquires Pivot88

TradeBeyond, a company focused on extended supply chain management solutions for private label and branded merchandise, has acquired Pivot88, an SaaS provider of quality, compliance, and traceability solutions to brands and retailers.  

Powered by Applied AI, Pivot88's platform enables a 360-degree view of products from cradle to grave, equipping retail businesses with actionable supply chain data to mitigate risk. The company orchestrates quality and compliance processes across more than 50,000 supply chain partners in 112 countries. Its customers include many of the world's largest and most recognizable brands and retailers.  

According to TradeBeyond officials, the acquisition reinforces the company’s commitment to offering a comprehensive multi-enterprise platform to streamline retail supply chains, enabling businesses to bring products to market more efficiently, responsibly, and profitably. 

"The synergies between Pivot88 and TradeBeyond are undeniable," said Pivot88 co-founder Stephane Boivin, who will continue in a leadership position at TradeBeyond. "We're excited to join forces with TradeBeyond to offer an even more efficient and cost-effective way for global brands and retailers to improve their product quality, manage their supply chain partners, and reduce supply chain risks." 

"Pivot88 has been at the forefront in helping major brands and retailers enhance product quality and traceability. I look forward to having Pivot88's team of experts and innovators join TradeBeyond's growing family to help our customers tackle today's complex supply chain challenges," said Michael Hung, CEO of TradeBeyond. "Pivot88 will further cement our lead in extended supply chain solutions that streamline our customers' supply chain from concept to delivery and beyond."  

Since EQT's investment into the company in 2022, TradeBeyond has invested heavily in organic growth, expanding its geographic reach and product offerings, particularly its ESG solutions. As a result, TradeBeyond is on track to double its recurring revenue growth in 2023. The Pivot88 acquisition is a major step in TradeBeyond's M&A strategy to invest in pioneering solutions that will better serve its expanding customer base and capture a larger share of the growing SaaS supply chain market, company officials said.