Global private equity firm Warburg Pincus have committed $75 Million to the growth of predictive analytics industry leader Blue Yonder. The investment adds Warburg Pincus to the existing group of investors which includes OTTO Group and the founders.
Blue Yonder has strong foundation in the European retail market, with customers including the Next, Otto Group, EAT, dm, Bauhaus and supermarket chain Kaiser’s Tengelmann. A recent expansion into other verticals including industrial and transport, and logistics adds customers such as Eurotunnel, Lufthansa Systems and Bosch to that list.
“We are very excited about the large and rapidly growing market for Predictive Applications and see many opportunities developing alongside the rise of the Industrial Internet of Things.”
“Going forward Big Data analytics will be used to improve operational efficiencies and to transform business models, changing the way our clients can compete in the marketplace.”
Uwe Weiss, CEO at Blue Yonder
The Managing Director at Warburg Pincus, Joseph Schull, stated their delighted to partner with Blue Yonder, accelerating the company’s international growth as more and more corporates understand the value of harnessing their data assets for predictive analytics and decision automation.
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Read more in the press release here.
(image credit: Blue Yonder)