Softeon, a Reston, VA-based provider of supply chain software including warehouse management system, distributed order management and warehouse execution system solutions, received a minority investment from Warburg Pincus.
This investment will allow the company to expand its sales & marketing teams, geographical presence and product innovation.
The financial terms of the deal were not disclosed.
Led by Gana Govind, President, Softeon provides a global supply chain software platform, built on a single, integrated, standards-based technology foundation, anchored by its WMS and DOM solutions. The company also provides a broad array of complementary supply chain capabilities including labor and resource management, store enablement, planning and network inventory management, 3PL billing and freight audit.
In addition, Softeon has recently expanded its supply chain execution capabilities with a solution for autonomous flow distribution through its warehouse execution system offering.