Arkieva, a leading provider of supply chain planning software solutions, announced a significant growth investment from Banneker Partners (Banneker). This strategic partnership marks a pivotal moment in Arkieva’s 30-year journey and is set to accelerate the company’s growth trajectory.
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“We are thrilled to partner with Banneker Partners,” said Harpal Singh, CEO of Arkieva. “Their expertise in scaling software businesses and deep understanding of the supply chain industry will be invaluable as we enter our next phase of growth. This investment will enable us to enhance our innovative solutions and better serve our global customers.”
Arkieva has established itself as a category-leading supply chain planning software provider, trusted by global manufacturers and distributors to manage $110 billion in revenue planning. The company’s modern Software as a Service (SaaS) solutions offer unrivaled digital twin and autonomous control tower capabilities, addressing critical issues such as poor visibility, shifting labor inputs, global instability and sustainability concerns.
“We are pleased to partner with Arkieva and support their mission to drive innovation in the process manufacturing sector,” said Kenneth Frank, Partner at Banneker. “This investment demonstrates Banneker’s commitment to fostering innovation and supporting companies that are shaping the future of supply chain technology.”
The investment from Banneker Partners aims to equip Arkieva for a new phase of growth, enabling the company to sustain its leading position and address evolving market demand.
“Arkieva is a unique software company that serves the needs of the process manufacturing industry and provides clear return on investment,” commented Harjot Sachdeva, Operating Partner at Banneker. “We are committed to supporting Arkieva as they continue to deliver exceptional value to their customers and drive industry innovation.”
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This partnership is expected to:
- Facilitate inorganic growth and accelerate Arkieva’s current trajectory
- Leverage Banneker’s proven track record in scaling excellence across industry verticals
- Implement a robust value creation plan harnessing deep expertise
Dhiran Singh, Executive VP of Arkieva, commented, “Joining forces with Banneker Partners is a natural step in our mission to empower businesses with smarter, more agile planning solutions. By combining our strengths, we can offer manufacturers an unparalleled suite of tools that integrates planning, scheduling and execution, ultimately driving greater business performance.”
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“Brown Gibbons Lang & Company (BGL) was pleased to advise Arkieva in securing a strategic partnership with Banneker Partners. This collaboration brings together Banneker’s operating experience and extensive track record in supply chain and manufacturing with Arkieva’s leading planning and scheduling software solution for the process industry,” said Scott Mattson, Head of BGL’s Technology investment banking team. “This new partnership will help Arkieva accelerate product innovation and drive greater value to their customers,” added Michael Magruder, Managing Director of BGL’s Supply Chain Software investment banking team.
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Source – PR Newswire
