Business commerce platform Tradeshift announced on Tuesday it has acquired cloud integration technology firm, Babelway. According to Tradeshift, Babelway has provided a standardized way for businesses to connect disparate systems with ease and speed. Babelway’s “powerful” technology will now be offered as Tradeshift Link. Tradeshift explained:
“Tradeshift Link will accelerate the integration of disconnected systems used for B2B buying, paying, and selling, which is a significant challenge for companies building modern, digital supply chains. Tradeshift Link goes beyond simple document exchange and allows banks and third-party app providers to easily connect to the Tradeshift network to offer financial solutions such as financing and early payment services. Small and medium-sized sellers, who traditionally have smaller ERP systems and smaller teams, will benefit from Tradeshift Link because it allows them to work more easily with large Fortune 500 buyers.”
While sharing more details about the acquisition, Christian Lanng, CEO and Founder of Tradeshift, stated:
“We believe that B2B commerce should be connected, digital, and flexible. We’ve been partnering with Babelway for over six years and in that time have seen the massive value their technology provides for our users. This significantly extends the capabilities of our platform and takes the friction out of integration.”
Francois Van Uffelen, Managing Director of Babelway, went on to add:
“We are very proud today and see this acquisition by Tradeshift, a company we have had a close partnership with for 6 years, as a big recognition of the platform and the team we have built. Our platform is built for scale and is the perfect match for Tradeshift’s ambition of connecting every company in the world.”
Founded in 2009, Tradeshift describes itself as a global collaboration platform that connects buyers, suppliers, and all their processes. The company reported it helps businesses of every size to run more efficiently, using cloud technology to improve processes like AP automation, procurement, supplier management and working capital optimization.