Warburg Pincus Invests in Softeon

Softeon, a provider of supply chain software, has confirmed a minority investment from Warburg Pincus, a private equity firm focused on growth investing.

The investment will allow Softeon to expand its sales and marketing teams, geographical presence and product innovation. Financial terms of the transaction were not disclosed.

Softeon is a global supply chain software provider with the industry’s strongest track record of delivering customer success. Its industry-leading software platform, built on a single, integrated, standards-based technology foundation, is anchored by its WMS and DOM solutions.

Softeon also provides a broad array of complementary supply chain capabilities including labor and resource management, store enablement, planning and network inventory management, 3PL billing and freight audit.In addition, Softeon has recently expanded its supply chain execution capabilities with a one-of-a-kind solution for autonomous flow distribution through its state-of-the-art warehouse execution system offering.

“Softeon has been fully self-funded and profitable since its inception. This investment validates our recent performance and strengthens our commitment to offer industry-leading solutions to more customers in more verticals, with a continued focus on exceptional customer success and satisfaction,” said Gana Govind, president, Softeon. “Our partnership with Warburg Pincus will accelerate such efforts and I am thrilled to see the company enter its next growth phase.”

Warburg Pincus is a leading global private equity firm focused on thesis-driven growth at scale.

Since its inception, the firm has invested in excess of $17 billion in technology companies, including many well-known firms in the logistics sector.

Companies choose the flexibility and ease-of-use of the Softeon platform to drive higher business value and accelerate ROI.

“Softeon is an exciting opportunity for us given its differentiated supply chain solutions and strong customer base. Warburg Pincus has a long-standing track record of investing in the logistics technology sector and we look forward to partnering with the Softeon team as they continue to expand,” said Alex Berzofsky, managing director, Warburg Pincus.

“Their software is crucial for many companies of all sizes and complexities with warehousing needs. We are confident that the company is primed for strong growth in the years ahead,” added Angel Pu, vice president, Warburg Pincus.