“Supply chain technology and analytics have huge potential,” according to a partner at the investment firm.
DHL said Columbia Capital’s team will take an active role in pursuing organic and inorganic growth opportunities for the Resilience360 platform, which allows businesses to visualize, track and manage risk in their global end-to-end supply chain operations.
DHL added that Resilience360 will remain an integral part of its service offering and will continue to cooperate closely with the different business units on agile sales and customer-centric product development.
“Resilience360 is a key part of DHL’s value proposition. By bringing in Columbia Capital, we have the opportunity to significantly enhance its capabilities, particularly in data analytics, and accelerate the growth of the platform and provide an even better service offering to our customers,” said Katja Busch, DHL’s chief commercial officer.
“Supply chain risk management is more important than ever to our customers and aiding global supply chains to be more resilient is a critical part of our business,” Busch said. “The investment reflects our commitment to helping the industry manage risks beyond the DHL network.”
John Siegel, a partner at Columbia Capital, said, “Supply chain technology and analytics have huge potential to increase supply chain efficiency and create value.”
The investment is being made through a holding company, Rising Tide Digital, which will be led by David Northington as chairman, David Shillingford as CEO and Chris Arroyo as CFO/COO. Northington and Arroyo led the successful scaling and exit of another Columbia Capital-backed technology company, Cloud Sherpas, which was acquired by Accenture in 2015. Shillingford previously held leadership roles at Verisk Analytics, a global data analytics company.
Tobias Larsson, who will continue to lead Resilience360 as CEO, said, “The investment allows us to continue making product development our top priority and to grow the business faster in collaboration with DHL’s business units around the globe.
“We will be able to apply more advanced analytics to the vast quantities of data that Resilience360 now collects to develop predictive and proscriptive insights that will help customers achieve faster and more accurate decision-making in their supply chains and better prepare and respond to potential disruptions,” Larsson said.