Sweetbridge Inc., the blockchain alliance for a liquid supply chain, has announced that it has acquired Aperio LLC, a blockchain platform for supply chain solutions. Sweetbridge will fully absorb the Aperio brand in the acquisition.
Sweetbridge CEO and Chairman Scott Nelson said: “The combination of Aperio’s stellar product data management capacity with the liquidity and trade currency capabilities offered by the Sweetbridge platform will allow us to take a critical leap forward toward global supply chains using blockchain for shared success. Sweetbridge and Aperio share the vision of tapping into blockchain to address some of the key inefficiencies of supply chain to achieve better utilization and outcomes. We are confident that the addition of Aperio to the Sweetbridge ecosystem will enhance trust, collaboration, and visibility among the many businesses involved in supply chain design and operations worldwide.”
Aperio’s offices in Scottsdale, Arizona, will remain open and managed by former Aperio employees, who have now become employees of Sweetbridge, effective immediately. The acquisition marks Aperio’s first exit; the platform had been funded and operated by Aperio co-founders Todd Taylor and Ken Staker until the point of the acquisition. The transaction is expected to formally close this month.
Todd Taylor said: “We are proud to become part of the Sweetbridge ecosystem, and believe that our relationship will enable business networks to connect, collaborate, and automate in unprecedented ways. The cooperation between our organizations will facilitate the creation of dramatically simplified supply chain networks with enhanced liquidity, rapid settlement, effortless member onboarding, and a frictionless flow of information, material, and capital.”
Nelson added: “Through this acquisition, Sweetbridge positions itself one step closer to achieving its mission of creating more liquid and sustainable global supply chains. The Aperio platform that Todd and Ken have built will propel forward our groundbreaking effort to refine the world’s economic models. We are extremely excited by the common mission we share of using blockchain to find a better way forward for global commerce.”