British software developer, Valuechain has acquired the Xactio supply chain portal business from Canda Systems.
This acquisition supports Valuechain’s buy and build strategy to integrate complementary technologies focused on advanced manufacturing supply chains.
First developed in 2006, by Canda Systems, Xactio is currently used by several global organisations such as Rolls Royce, Ultra Electronics and Gardner Aerospace to streamline internal procurement activities and improve two-way supply chain collaboration.
Valuechain’s CEO, Tom Dawes, explained the strategy behind the acquisition “Xactio has a growing blue-chip client base underpinned by an innovative and intuitive supply chain portal technology. More and more manufacturing organisations are recognising that future competitiveness is reliant on the performance of their supply chain partners. The software provides a solution to this challenge, streamlining and automating communication of operational, technical and commercial data for multi-tier advanced manufacturing supply chains.
We will be integrating Xactio within our iQluster supply chain intelligence and collaboration platform which has been part funded by the European Commission to establish next generation supply chain optimisation solutions.”
Chris Hayward, Director of Canda Systems commented “Valuechain is a great home for Xactio as we are able to combine over 10 years of supplier portal experience with the significant Valuechain development resources and proven routes to market.”
Valuechain enables organisations to compete as world class supply chains. We provide smart manufacturing software to connect factories and supply chains by improving productivity,streamlining collaboration and generating intelligence. Following the award of a €3.2m Horizon 2020 project from the European Commission, we are working with global manufacturing businesses, governments, industry associations and Universities to continually innovate our smart technologies and connect cross-sector collaborative eco systems that can compete as world class supply chains.
CANDA Systems Ltd. are a Website Design and IT Support Company, specialising in the supply of Software and IT services to industry. During a project being managed by TEC-CONCEPTS in 2006, CANDA developed a web based solution to improve supplier performance.Working closely with TEC, CANDA have further developed the product and now the Supply Chain Portal “XACTIO” provides real time data on the web.