An Independent Supply Chain Software Review
Battery Ventures, a Boston, MA based venture capital and private equity firm with over 3 billion in capital, acquired HighJump Software in 2008 from 3M Corporation for $84 million. The last time HighJump reported revenues was in 2007 which were $94 million. The Supply Chain Management software vendor was formerly known as Data Collection Systems, Inc. (DCSI) before changing their name to HighJump Software, Inc. in 1999. The company was founded in 1983 and is based in Eden Prairie, Minnesota. Prior to 3M’s purchase in 2004, Gemini Investors of Wellesley, MA and St. Paul Venture Capital of Bloomington, MN had been HighJump’s primary investors.
Before changing their name to HighJump Software, DCSI started by developing data collection systems. In 1997 the company diversified and evolved into a full-fledged Supply Chain Execution software vendor. DCSI completed its first Supply Chain Execution software product, a radio frequency (RF)-based warehouse management system (WMS) named Warehouse Advantage that included order fulfillment features.
Since then, HighJump has expanded their Warehouse Management System offerings and either acquired or developed transportation, Electronic Data Interchange (EDI), delivery management and other solutions to bolster their Supply Chain Execution offerings.
HighJump acquisitions include Pinnacle Distribution Concepts Inc. in July 2006 (a developer of a web-based transportation management system (TMS) known as FreightLogic) and TrueCommerce in October 2010 (a provider of EDI and business to business integration solutions). HighJump has also acquired three different companies to shore up their retail solution for direct to store deliveries:
- November 2006 – Global Beverage Group Inc.
- November 2008 – BelTek Systems Design
- February 2009 – InSight Distribution Software
HighJump Software is known as a best of breed Warehouse Management System, and is ranked high on Gartner’s Magic Quadrant as a visionary WMS vendor. The company has approximately 260 employees and claims to have 1,500 customers worldwide, most of which are direct store delivery solution customers. Of the 1,500 customers, 350 use one of the HighJump WMS products. Since divestiture from 3M, HighJump business is largely in North America; for international business they generally rely on third party partners to sell and support their products.
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