Datalliance, an independent provider of vendor managed inventory (VMI) and other e-commerce services, announced that it will acquired the assets of HDeXchange, Inc. (HDX), a provider of e-commerce solutions to the heavy-duty truck parts supply chain, and will assume control of all activities related to both HDeXchange, and its wholly-owned subsidiary, HDX Services.
HDX will continue to operate as the industry’s voice for electronic commerce initiatives, as well as maintain its full suite of services, but will be financially backed by Datalliance. Edward Kuo will remain executive director on a long-term basis, and Datalliance will retain the services of the current HDX Board of Directors on a short-term basis.
“Datalliance has been one of HDX’s best supporters over the years as both a customer and a vendor partner, so this is an ideal fit,” said Jay Johnston, chairman of the HDX Board. “HDX will benefit from the years of experience Datalliance has in running a technology-based company, as well as the additional strategic and financial resources it brings to the table,” he added.
“HDX has affected a significant amount of change in this industry over the last 10 years,” said Kuo. “With Datalliance, we increase our financial backing, giving us an opportunity to expand the reach of our services and support of those services.”
“I’m excited because this enhances the long and beneficial history between HDX, Datalliance, and the heavy duty truck parts industry,” said Carl Hall, president and chief executive officer of Datalliance. “With this and other initiatives, it’s our goal to build on our position as a trusted third party to provide a range of related e-commerce services within industry-specific supply chains. ” he added.
The acquisition will be effective September 1, 2008. HDX headquarters will remain in Ada, Mich., with some administrative services being transferred to Datalliance headquarters in Cincinnati, Ohio.
