Battery Ventures, a global, technology-focused investment firm, has acquired 1WorldSync Holdings, a Ewing, New Jersey-based product-content solution provider.
The amount of the deal was not disclosed.
Prior to the acquisition, GS1 Germany purchased 1WorldSync GmbH from 1WorldSync Holdings. Terms of both deals were not disclosed.
The company will use the proceeds to expand the network and develop new product capabilities, while pursuing complementary acquisitions.
Established as a joint venture by GS1 US® and GS1 Germany GmbH, and led by Karin Borchert, CEO, the company provides a software-as-a-service (SaaS) network that enables brands to securely and continuously share critical product data with a community of retailers, operators and distributors across industries, including consumer goods, foodservice, electronics and healthcare.
More than 13,000 customers use the company’s platform to publish standardized and unstructured product attributes and content — label information, package dimensions and ingredients, among others — and push that data to partners across the supply chain.