HOUSTON, Texas—DiCentral Inc., a supplier of cloud-based supply chain management solutions and B2B integration, has acquired the EDI business assets of QLogitek, a B2B-EDI supply chain solutions provider based in Toronto, Ontario. The $2.15 million transaction includes IP and support infrastructure as well.
Thousands of trading partner organizations, including manufacturers, shippers and distributors, operating globally in retail, manufacturing, distribution and telecommunications industry are mobilized by QLogitek. Its 24/7/365 EDI operations enable tens of thousands of global users to conduct over 20 million transactions annually.
“We welcome the QLogitek EDI clients to the DiCentral ecosystem, and look forward to servicing their needs on a global scale,” said Thuy Mai, CEO, DiCentral. “QLogitek has been one of the more innovative B2B cloud integration solution providers that has solved the needs of retailers and small to medium-sized businesses that operate within the retail supply chain ecosystem. We’re thrilled to add QLogitek’s customers, technology and talented team to expand our existing suite of solutions and global service offering.”
This acquisition expands DiCentral’s geographical footprint and immediately provides a broader and greater service offering for the company’s retail ecosystem to more easily conduct trade. By combining the QLogitek clients with that of DiCentral’s existing integration network, DiCentral expects to significantly enhance the performance of the company’s global business and supply chain operations for its customers, shippers, financial institutions and the industries that service these constituents.
In addition, the parent company of QLogitek, Smart Employee Benefits (SEB) Inc., and DiCentral have signed a strategic partnership agreement to collaborate on joint solutions that will enable SEB clients to leverage B2B integration needs going forward.
“QLogitek was founded to bring supply chain automation, integration and collaboration solutions to the retail, CPG and healthcare world,” said Latiq Qureshi, president and CEO for QLogitek. “We are confident that our customers will benefit from the DiCentral team, its solutions and services while continuing to enjoy excellent service and support under DiCentral’s leadership.”