We’ve signed a deal to acquire IBX Business Network and will be the largest business commerce platform in the world

March 8, 2017 Christian Lanng

I’m very happy to announce Tradeshift’s acquisition of IBX Business Network, the largest acquisition in our company’s history.

Our mission has always been the same: to build the world’s largest business commerce platform and provide access to commerce for all. We never set out just to build an invoicing network or a procurement system.  Instead, we continuously thought about how to deliver increasing value to businesses of all sizes.  That meant a platform for everything that happens between buyers and sellers, that also consists of core enterprise applications, a global supplier marketplace, and a rich ecosystem of apps that enable any type of business process.

The key driver for us to succeed in our mission is to ensure critical mass in users and content on the platform. One year ago, we set out to redefine what a procurement system should be, and already, Tradeshift Buy is recognized as truly innovative in a market that is often described as stale. But our mission extends beyond procure-to-pay.

With this acquisition, I saw a massive opportunity to turbo-charge our mission. With IBX, we are gaining a team of talented, innovative domain experts within source-to-pay and new global clients.

We are adding their network to ours, totaling to over 1.5 million suppliers. And we are adding the rich content of 27 million SKUs that they’ve amassed over the last 10 years, which will tremendously boost our marketplace. This acquisition makes us the largest business commerce platform in the world.

At Tradeshift, our diversity is something we are proud of. As a Scandinavian company, IBX shares many of our values, principles, and ideas for how to work together—we never would have acquired IBX if I didn’t feel that the IBX team is also adding a huge cultural boost to our organization. Their values, already part of our organizational DNA, will continue to help Tradeshift accomplish our mission and deliver commerce for all.

I hope you are as thrilled as I am to welcome a whole new generation of Tradeshifters aboard and to continue to build on our mission and scale Tradeshift even further.

Learn more in the press release.

About the Author

Christian Lanng

Christian is the CEO and Co-founder of Tradeshift. Christian started his first technology company at age 19 and was the youngest Head of Division in the Danish Government, National IT and Telecom Agency. Christian is a recognized thought leader and Fortune 500 advisor, as well as a member of the Global Agenda Council on the Future of IT Software and Services, World Economic Forum. He frequently keynotes conferences on topics such as digital disruption and business agility, and supply chain sustainability.

Follow on Twitter Follow on Linkedin More Content by Christian Lanng
Previous Article
CPO Rising: big trends and predictions
CPO Rising: big trends and predictions

The year ahead presents great challenges for the modern chief procurement officer, sourcing executive, cate...

Next Article
Celebrating women leaders in tech and procurement
Celebrating women leaders in tech and procurement

Tomorrow on International Women’s Day, the campaign theme is Be Bold For Change. Without bold action, the s...


Subscribe to know when shift happens

Thank you!
Error - something went wrong!