Triple Point Technology, the leading global provider of cloud and on-premise commodity management software, has acquired WAM Systems, the premier provider of supply chain planning and optimisation solutions for process manufacturing industries including oil and gas, polymers, CPG, food and beverage, pharmaceuticals and chemicals.
WAM is represented in South Africa by Rifle-Shot Performance Holdings, who enable their customers to achieve higher profits through targeted consulting and solutions in the fields of Operational Intelligence. Rifle-Shot distributes WAM’s full range of supply chain planning solutions throughout Africa.
The WAM Systems acquisition singularly positions Triple Point to immediately deliver comprehensive planning and optimisation solutions to profitably manage commodity risk, material procurement, demand planning, finished goods forecasting, and sales and operations planning.
Companies are experiencing dramatic increases in business risk and downward pressure on margins due to the unprecedented complexity and volatility of today’s global economy. The need for visibility and optimisation across all elements of a value chain has never been greater.
“The next big leap forward in managing commodity value chains is the use of realtime, market-based costs in enterprise plans,” says Peter F. Armstrong, CEO and president, Triple Point.
“As Gartner mentioned in its 2012 predictions report, organisations can have efficient supply chains, but if they can’t effectively manage volatile commodity costs, their bottom line results will be subject to the vagaries of the market. Through the acquisition of WAM, Triple Point is uniquely positioned to help businesses navigate the volatile and complex markets in which they operate,” he says.
WAM has an established track record of deploying its supply chain solutions across a wide variety of process manufacturing industries. The company’s planning and optimisation products are used by organisations around the globe. Notable customers include Sasol Oil, Indian Oil, LyondellBasell, PetroChina, PTT Global Chemical, Saudi Aramco and Solvay.
Triple Point and WAM’s complementary customer bases, market focus and product synergies create substantial opportunities for accelerated growth in combined market share, revenue and profit.
The outstanding financial performance of WAM, in terms of strong revenue growth, healthy profit margins, and a solid balance sheet, underscores the suitability and attractiveness of the transaction for both companies’ shareholders, employees, and customers.
All WAM employees have joined Triple Point and WAM’s three co-founders, including CEO Jack Weiss, will take key leadership roles. The WAM executive team will be instrumental in integrating the companies’ product portfolios, driving product advancement, and accelerating customer adoption of the solution set.
“Integrating with a larger, successful organisation like Triple Point gives WAM the immediate resources and reach to accomplish its goals of continued growth and support of new and existing customers,” says Weiss.
“This is an exciting time for manufacturing industries and becoming part of Triple Point is the perfect next step,” he concludes.
WAM is represented in South Africa by Rifle-Shot Performance Holdings, who enable their customers to achieve higher profits through targeted consulting and solutions in the fields of Operational Intelligence. Rifle-Shot distributes WAM’s full range of supply chain planning solutions throughout Africa.
The WAM Systems acquisition singularly positions Triple Point to immediately deliver comprehensive planning and optimisation solutions to profitably manage commodity risk, material procurement, demand planning, finished goods forecasting, and sales and operations planning.
Companies are experiencing dramatic increases in business risk and downward pressure on margins due to the unprecedented complexity and volatility of today’s global economy. The need for visibility and optimisation across all elements of a value chain has never been greater.
“The next big leap forward in managing commodity value chains is the use of realtime, market-based costs in enterprise plans,” says Peter F. Armstrong, CEO and president, Triple Point.
“As Gartner mentioned in its 2012 predictions report, organisations can have efficient supply chains, but if they can’t effectively manage volatile commodity costs, their bottom line results will be subject to the vagaries of the market. Through the acquisition of WAM, Triple Point is uniquely positioned to help businesses navigate the volatile and complex markets in which they operate,” he says.
WAM has an established track record of deploying its supply chain solutions across a wide variety of process manufacturing industries. The company’s planning and optimisation products are used by organisations around the globe. Notable customers include Sasol Oil, Indian Oil, LyondellBasell, PetroChina, PTT Global Chemical, Saudi Aramco and Solvay.
Triple Point and WAM’s complementary customer bases, market focus and product synergies create substantial opportunities for accelerated growth in combined market share, revenue and profit.
The outstanding financial performance of WAM, in terms of strong revenue growth, healthy profit margins, and a solid balance sheet, underscores the suitability and attractiveness of the transaction for both companies’ shareholders, employees, and customers.
All WAM employees have joined Triple Point and WAM’s three co-founders, including CEO Jack Weiss, will take key leadership roles. The WAM executive team will be instrumental in integrating the companies’ product portfolios, driving product advancement, and accelerating customer adoption of the solution set.
“Integrating with a larger, successful organisation like Triple Point gives WAM the immediate resources and reach to accomplish its goals of continued growth and support of new and existing customers,” says Weiss.
“This is an exciting time for manufacturing industries and becoming part of Triple Point is the perfect next step,” he concludes.
