Fung-backed ecVision Acquired by Amber Road in $33M Deal
March 04, 2015
Fung Capital-backed ecVision has been acquired by Amber Road (NYSE: AMBR), a provider of global trade management solutions; Amber Road will pay $24 million in cash and up to $9 million over the next two years. Backed by Fung in 2009, ecVision offers a cloud-based supply chain collaboration platform that seeks to optimize product lifecycle and supply chain processes, helping large organizations effectively manage their relationships with global logistics companies, product suppliers and raw material vendors, as well as product testing and social compliance audit firms. The Jordan, Edmiston Group served as financial advisor to ecVision.