Exiger, an SaaS supply chain, risk management, and third-party risk management and compliance company, announced that it has acquired Supply Dynamics, a supply chain collaboration platform for tracking, tracing, and choreographing the purchase and supply of subcontracted products, parts, raw materials and ingredients.
Exiger aims to revolutionize the way companies manage risk and compliance through its combination of technology-enabled and SaaS solutions.
Supply Dynamics provides Fortune 500 manufacturers with real-time visibility and control over the material requirements of their extended supply chain. Its innovative supply chain analytics solutions enable customers to reduce the cost of raw materials and component parts that go into their products, characterize and quantify risks, and anticipate disruptions before they happen.
The company’s SDX platform provides commercial and DOD customers with real-time visibility and control over the “material-input” requirements (including fasteners, plastics, metals, electronics, etc.) that go into their products and equipment, facilitating real-time monitoring and control.
Integration of Supply Dynamics’ SDX, PAC, and ExplorerRX products with Exiger’s Insight3PM, DDIQ, and Supply Chain Explorer will enable end-to-end supply chain visibility and holistic risk management via a single, secure, cloud-based enterprise platform.
The acquisition positions Exiger at the forefront of the SaaS Supply Chain Management market, which is expected to grow to $19.8 billion by 2025.
“Exiger’s acquisition of Supply Dynamics and its SDX product is an investment into the kind of future-proof solutions that the rapidly growing supply chain management market will continue to demand,” said Exiger CEO Brandon Daniels. “The integration of SDX into Exiger’s industry leading SCRM platform will now allow customers to have a true competitive advantage, by not only pulling the full digital thread across their global supply chain, but by also analyzing that entire risk impact in one fell swoop.”
Exiger’s risk scoring, when combined with Supply Dynamics’ item-level supply chain visibility and propriety data analysis, offers a uniquely simplified, comprehensive system that promises to disrupt both the supply chain and third-party software markets.
The combined solution increases business resilience by eliminating the need for manual, time-intensive processes. Backed by AI-driven tools, Supply Dynamics’ targeted multi-tier data can now be automatically enriched with Exiger’s actionable risk insights to help supply chain, sourcing, procurement, and compliance managers make critical decisions fast.
Supply Dynamics’ integration into Exiger allows it to realize the full potential of its technology with the benefit of Exiger’s deep risk management expertise and high security infrastructure. Customers will be able to access a secure, scalable, and intuitive platform that cuts through the billions of data points in a supply chain to deliver accurate risk insights with precision.
Filed Under: Fastening + joining