Named winner in category of companies with more than $100 million in annual revenue for the second year in a row
AUSTIN, Texas – November 18, 2020 – E2open, the network for the emerging digital economy, has been named a winner of the Association for Corporate Growth (ACG) 2020 Central Texas Growth Awards. ACG honors companies across a range of industries based on the growth of their business in a given year. E2open was selected, for the second year in a row, as the 2020 winner in the category of companies with more than $100 million in annual revenue.
“Congratulations to e2open for their category win at the 2020 Central Texas Growth Awards,” said Melissa Morgan, awards chair for ACG Central Texas Chapter. “We are so impressed with e2open’s commitment to growth, as they have won our ACG Growth Award two years in a row in our largest category. That is an accomplishment no other company has ever achieved.”
E2open has experienced impressive growth over the past several years and has now grown to become a 300+ million dollar company. Today, e2open serves more than 1,200 clients with 125 of those clients being some of the largest in the world, each with over $10 billion in annual revenue across a broad range of industries, including high tech, consumer, industrial, transportation among other industries. E2open currently employs more than 2,300 people across the U.S., Europe and Asia.
“Over the past three years, e2open has invested heavily in customer growth and expansion in product offerings. As a company, we have driven growth in total addressable market both from additional solution capability as well as expanding the profile of customers served,” said Jarett Janik, chief financial officer for e2open. “To be recognized by ACG Central Texas for our growth is affirmation of our mission to grow e2open into a complete end-to-end supply chain and channel platform with the broadest suite of capabilities and largest ecosystem of supply chain participants in the world.”
The Central Texas Chapter of the ACG encompasses Austin, San Antonio and surrounding areas, and is a community of professionals providing content, access to capital and connections in the middle market to help drive corporate growth.
About e2open
E2open is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 400,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 12 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.™ Learn more: www.e2open.com.
E2open and the e2open logo are registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners. © E2open, LLC. All rights reserved.
Contacts
Sales and Customer Information:
Diane Mitchell | VP, Marketing | e2open | Diane.Mitchell@e2open.com | 512-735-5692
Media Contact:
WE Communications for e2open | e2open@we-worldwide.com | 512-527-7029
Forward Looking Statements
This Announcement is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the business combination between e2open and CCNB1 (the “Business Combination”) and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of CC Neuberger Principal Holdings I (“CCNB1”) or E2open, LLC (“e2open”), nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Certain statements in this Announcement may be considered forward-looking statements. Forward-looking statements generally relate to future events or CCNB1’s or e2open’s future financial or operating performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by CCNB1 and its management, and e2open and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any subsequent definitive agreements with respect to the Business Combination; (2) the outcome of any legal proceedings that may be instituted against CCNB1, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of CCNB1, to obtain financing to complete the Business Combination or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) changes in applicable laws or regulations; (10) the possibility that e2open or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) e2open’s estimates of expenses and profitability; and (12) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in CCNB1’s final prospectus relating to its initial public offering dated April 23, 2020.
Nothing in this Announcement should be regarded as an Announcement by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither CCNB1 nor e2open undertakes any duty to update these forward-looking statements.
Additional Information
In connection with the Business Combination, including the domestication of CCNB1 as a Delaware corporation, CCNB1 has filed with the SEC a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus of CCNB1, and after the registration statement is declared effective, CCNB1 will mail a definitive proxy statement/prospectus relating to the proposed Business Combination to its shareholders. This Announcement does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination. CCNB1’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed Business Combination, as these materials will contain important information about CCNB1, e2open and the Business Combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed Business Combination will be mailed to shareholders of CCNB1 as of a record date to be established for voting on the proposed Business Combination. Shareholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: CC Neuberger Principal Holdings 1, 200 Park Avenue, New York, NY 10166.
Participants in the Solicitation
CCNB1 and its directors and executive officers may be deemed participants in the solicitation of proxies from CCNB1’s shareholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in CCNB1 is contained in CCNB1’s final prospectus related to its initial public offering dated April 23, 2020, which was filed with the SEC and is available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to CC Neuberger Principal Holdings 1, 200 Park Avenue, New York, NY 10166. Additional information regarding the interests of such participants will be contained in the proxy statement/prospectus for the proposed Business Combination when available.
E2open and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of CCNB1 in connection with the proposed Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed Business Combination will be included in the proxy statement for the proposed Business Combination when available.
