REVOLUTION
PARTNERS ADVISES WORLDCHAIN, INC. IN SALE TO
OPTUM, INC.
WHITE PLAINS, N.Y. & FREMONT,
CALIF. (May 17, 2004) – Optum, Inc.
today
announced it has acquired Fremont, Calif.-based
WorldChain, Inc., a supply-chain execution
firm specializing in network transactions
management, real-time visibility and exception
resolution. WorldChain’s
hosted solutions have helped market heavyweights,
including Gateway, Network Appliance, StorageTek
and Verifone, remove hundreds of millions
of dollars in excess inventory from their
operations. Revolution Partners, LLC acted
as exclusive financial advisor to WorldChain,
Inc.
“Customers are demanding low-cost,
flexible supply chain solutions, on demand,” said
Bruce Richardson, senior vice president at
AMR Research. “We have seen this translate
into the prevalent use of open-standards
technology; the emergence of secure, scaleable
hosting operations; the importance of process-focused,
quick-to-deploy solutions; and the need for
transparency and strict performance management.
With its acquisition of WorldChain, Optum
continues to demonstrate its viability, putting
the right pieces in place to meet the business
needs of today’s
discerning buyers.” |