Chicago/New York/London/Geneva

Waer receives equity funding from leading supply chain technology investor Logispring.

Waer, a leader in on-demand inventory-management software solutions today announced that it has closed a Series A investment round led by Logispring, the transatlantic investor in structural innovation for the industrial world.

Waer will use the funding to further develop WaerLinx®, its integrated suite of inventory-management solutions, used by some of the world’s leading companies, including Airbus, Schenker and Bombardier. Drawing on Logispring’s extensive experience and global reach, it will expand into new industries, geographies and supply-chain types.

Waer CEO Will Scott said, “After demonstrating the power of our industry-leading solution with major clients, we were looking for an investor that could help us take it to the next level. Logispring’s supply-chain expertise, extensive network among industrial company executives and global perspective make them the ideal partner. We are excited about working together with a partner that really understands our business and will help us build a great company.”

Following the investment, David Anderson and Padman Ramankutty will join the Board of Directors of Waer. Dr. Anderson heads Supply Chain Ventures LLC, and is the former Managing Partner of Accenture’s Global Supply Chain Practice. Mr Ramankutty runs Intrigosys, a leading supply-chain consulting firm. He was the co-founder and former CEO of Bristlecone, the leading SAP integrator, and subsequently ran SAP’s High Tech Global Industry Business Unit.

Logispring Partner Brad Corrodi commented, “We have seen quite a few companies putting traditional supply chain management applications onto on-demand architectures. But few appear to have thought through how you would actually want to structurally re-design and use technology to support a supply chain once a network-based application is available to all trading partners and service providers.

“Waer has thought through such a design and implemented it with demanding, large-scale industrial customers. They have gone far beyond mere visibility to providing the execution support for what you want done once you know where everything is. We believe there is a compelling market need for the solution that Waer has developed.”
 

For more information, contact:
 

Brad Corrodi, Partner, Logispring
brad.corrodi@logispring.com – Call: +1 (609) 240-8620
 

Will Scott, CEO, Waer Systems Inc., Naperville IL, USA.
wscott@waersystems.com – Call: +1 (630) 373-8960
 

David Snelson, Sales Director, Waer Systems Ltd., UK.
dsnelson@waersystems.com – Call: +44 (0) (7908) 627 688