Tradeshift buys IBX Business Network from Cap Gemini to Create World's Largest Business Commerce Platform.

Tradeshift, a Copenhagen-founded with HQs in San Francisco, USA business commerce and supply chain finance platform, announced entering into an agreement with Capgemini, under which Tradeshift will acquire Capgemini’s IBX Business Network.

The terms of the deal remain undisclosed.

Tradeshift, founded in Copenhagen in 2010 by Christian Lanng, Mikkel Hippe Brun, and Gert Sylvest, is a cloud-based business network connecting buyers and suppliers. Tradeshift connects 800,000 companies across 190 countries and is headquartered in San Francisco, with offices in Copenhagen, New York, London, Paris, Suzhou, Tokyo, Munich and Sydney.

The combination of Tradeshift and IBX will create the world’s largest business commerce platform connecting nearly 1.5 million businesses and more than 500 global enterprise customers that have access to the largest supply-chain app ecosystem.

With the acquisition, Tradeshift’s business commerce platform is projected to see an increase in transacted value to more than half a trillion dollars over the next 12 months, which includes recent growth in China and other new markets.

The deal forms the foundation of a new long-term partnership between Capgemini and Tradeshift focusing on source-to-pay and supplier platform business.