Phoenix Business Journal: Panasonic acquires stake in Scottsdale supply chain software firm
Story originally appeared in the Phoenix Business Journal on May 21, 2020. Excerpts from the story below. To see the full story visit BizJournals.com/Phoenix.
Wayne Usie, Blue Yonder’s executive vice president for market development, said the company’s relationship with Panasonic has evolved since one of the technology giant’s Japanese manufacturing plants became a customer in 2018, culminating in a software joint venture between the two companies in April 2019 through Panasonic’s B2B arm.
Usie told the Business Journal the share purchase by Panasonic is a validation of the two companies’ ongoing partnership.
“The investment [by Panasonic] lets us continue the journey of our partnership. We see it as a very positive move,” Usie said.
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