Twin Cities-Based HighJump Software Bought By Rival
Bloomington-based HighJump Software, Inc., announced Tuesday that it plans to merge with a Colorado Springs-based competitor that makes business-to-business software.
HighJump Software, which provides software designed to streamline warehouse management and the flow of information from suppliers to store shelves, didn’t disclose the terms of its deal with Accellos.
Accellos provides similar warehouse management systems, as well as other business-to-business software programs.
The two companies said in a statement that their combination “brings together a unique set of technologies, including networked trading partner connectivity, warehouse management, transportation management, and route delivery.”
Accellos CEO Michael Cornell was appointed CEO of the newly combined company.
While Accellos is officially acquiring HighJump, the new company will operate under the HighJump brand name but continue to use the Accellos brand for its mid-market supply-chain execution technology.
The two companies said there will be no “substantial changes” to either of their current staffs as a result of the deal. Neither company specified where the newly combined company will be headquartered.
HighJump was founded in 1983 and has about 498 employees across five U.S. offices, as well as offices in China, Denmark, and Canada. The Minnesota software company made four separate acquisitions in the last six years. Most recently, it acquired a Danish provider of business-to-business digital communications services called Evenex, for an undisclosed sum, last summer.
Maplewood-based 3M Company acquired HighJump Software in 2004 but sold the firm just over four years later to Boston-based venture capital firm Battery Ventures.
Accellos has 227 employees and offices in Colorado, Michigan, Ohio, Toronto, and Connecticut. The company was recently recognized on Forbes’ “America’s Most Promising Companies” of 2014.