In its second-largest acquisition, Amazon buys the company for $970 million.
HighJump Software LLC, a provider of web-based supply chain management technology for retailers, has been sold by paper products maker 3M to investment firm Battery Ventures. Technology veteran Timothy Campbell takes over as CEO.
HighJump Software LLC, a provider of web-based supply chain management technology for retailers, has been sold by technology company 3M to investment firm Battery Ventures. Timothy Campbell, a former top executive at supply chain technology company Steelwedge Software, takes over as HighJump’s CEO.
The companies did not disclose the purchase price.
HighJump, with more than 1,300 clients worldwide, serves retailers including Circuit City Stores Inc., Sportman’s Warehouse and Sport Chalet. HighJump was founded in 1983 as Data Collection Systems, changed its name to HighJump Software in 1999, and was acquired by 3M in 2004.
In 2006, HighJump acquired Pinnacle Distribution Concepts, a provider of transportation management systems, and Global Beverage Group, a provider of last-mile delivery management applications.
Campbell, with 20 years of experience in the software industry, joins HighJump from a position as president of Symyx Software, a division of Symyx Technologies Inc. that produces information technology applications for the chemical industry. Symyx Software grew to $100 million in sales under Campbell’s tenure there, according to HighJump.
Prior to Symyx, Campbell served in chief executive positions at Steelwedge Software; Industri-Matematik International, a provider of supply chain execution software; and ePIT Systems Inc., a provider of enterprise software for financial exchanges and investment banks.
“Tim brings a wealth of experience in software business management and executive leadership to HighJump,” says Dave Tabors, general partner, Battery Ventures. "HighJump has grown to have a significant market presence in the supply chain software industry. Under Tim’s leadership, the company is poised for the next phase of its growth, and is in an excellent position to aggressively expand its product portfolio and worldwide business both organically and through acquisition.”