Rollstream
Putting people in control of the B2B process.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Rollstream emerged in 2005 as a software provider specializing in enterprise community management, founded by Nick Parnaby. The company operated on a Software-as-a-Service (SaaS) model, delivering a B2B collaboration platform designed to enhance the relationships between large enterprises and their extensive networks of suppliers and partners. Rollstream's platform addressed the human-centric aspects of B2B integration by providing a unified, shared repository for all supplier information, communications, and credentials. This functionality enabled clients, which included major retail and healthcare distributors like TESCO and Sainsbury's, to streamline supplier discovery, onboarding, compliance and risk management, and performance tracking. Key features included automating new supplier registration, managing changes to business terms, and providing a collaborative environment for issue resolution.
The firm's value proposition was centered on simplifying complex supply chain interactions, which could reduce supplier time-to-market by up to 60 percent. Its platform was noted for a user-friendly, Web 2.0 interface built on Ruby-on-Rails, which facilitated easier adoption and self-service updates by suppliers. Throughout its operation, Rollstream secured $8.9 million in funding over four rounds from investors including Grotech Ventures and Core Capital Partners.
In March 2011, after a two-year business partnership, Rollstream was acquired by GXS, a major provider of B2B integration services. The acquisition was a strategic move by GXS to advance its "Social Supply Chain" vision, integrating Rollstream's collaborative tools with its own GXS Trading Grid to better manage the human elements of supply chain operations. Subsequently, in a larger industry consolidation, GXS itself was acquired by OpenText Corporation for approximately $1.165 billion, a transaction that was announced in November 2013 and completed in January 2014. This placed Rollstream's technology and services under the umbrella of OpenText, a global leader in Enterprise Information Management.
Keywords: Rollstream, enterprise community management, B2B collaboration platform, supplier relationship management, SaaS, GXS acquisition, supply chain social network, supplier onboarding, partner management, Nick Parnaby, OpenText, supplier information management, B2B integration, supply chain collaboration, partner compliance, vendor management, TESCO, Sainsbury's, GXS Trading Grid, enterprise social software