San Jose, CA, USA. 28 June 2022 – ParkourSC, a specialist in supply chain technology solutions, announced its acquisition of smart operations platform and IoT network company Qopper in a stock-and-cash transaction. Terms of the deal have not been disclosed.
The addition of Qopper’s reportedly robust technology brings digital twins, intelligence, collaboration, and workflow automation capabilities together in a “category-defining platform that delivers greater agility, resilience, and innovation to the enterprise”, according to ParkourSC.
Global supply chain disruption continues to push lean supply chains past their limit, cutting into business profitability. It’s critical that enterprises move beyond visibility to establish real-time digital supply chain operations and deliver rapid time to value, high scalability, and operationalised data / AI / ML across all business operations. With ParkourSC’s enhanced platform, organisations can now create digital twins of their supply chains with embedded intelligence and automation, allowing them to accelerate the delivery of new services, products, and business models while meeting their profit goals and minimising operational risk.
“The new capabilities Qopper brings to the ParkourSC platform helps us gain a unique and robust market position, putting us two to three years ahead of the competition, while allowing us to serve our customer needs better,” says Mahesh Veerina, CEO, ParkourSC. “With our unique, category-defining platform, we can win market share and dramatically accelerate the digital journeys of our customers and their products.”
Built over five years, Qopper brings powerful technology components that include extensive IoT and contextual data integrations, and large-scale platform-building and data science capabilities to enable building digital twins.
- Catalog technology to model supply chain entities with dynamic attributes and contextual data
- Building blocks to build large scale network of digital twins to model the end-to-end value chain of an enterprise and any node in the network
- Embed low-code/no-code intelligent recipes and AI/ML models at any node in the network to execute on event-based or constraint-based triggers
- Seamless addition of chat, video, documents, and other collaboration tools into workflows and automation across the ecosystem
Alok Bhanot, who joined the ParkourSC executive team as CTO and EVP earlier last year, is one of the key founders and technologists behind architecting and building the Qopper platform. As part of the acquisition, ParkourSC also gains an additional site and team in Pune, India to extend its Parkour Hyderabad, India operations.
“Qopper’s extensive experience and robust, market-tested technology bring critical capabilities to the ParkourSC platform, giving it a tremendous edge in the market,” says Bhanot, Qopper founder and ParkourSC’s newly appointed CTO and EVP. “I couldn’t be more excited to join the incredibly talented and dedicated team at ParkourSC helping organisations drive the supply chain resilience and growth they need to overcome current supply chain woes.”
“ParkourSC’s acquisition of Qopper creates a new opportunity in the market for real-time supply chain operations across the extended enterprise,” adds Sriram Viswanathan, founding managing partner at Celesta Capital and investor in ParkourSC. “As supply chain disruptions continue to hurt organisations’ ability to serve customers, I’m encouraged by ParkourSC’s commitment to the problem and believe they have the vision and expertise to prevail.”