06:30 AM EDT, 05/27/2025 (MT Newswires) -- E2open (ETWO) shares jumped early Tuesday as the cloud-based software platform agreed to be acquired by Australian logistics-software provider WiseTech Global in an all-cash deal worth around $2.1 billion.

Shareholders of e2open will receive $3.30 per share in cash, a premium of about 28% to the company's closing stock price on Friday, it said Sunday. Shares of the firm climbed 26% in recent premarket activity.

E2open said the transaction is the conclusion of the strategic review it started in March. The company was evaluating options to enhance shareholder value and strengthen its position in the supply chain management software market.

"We have decided to enter this agreement with WiseTech Global, which we believe maximizes value for our shareholders and positions the company for long-term success," e2open Chief Executive Andrew Appel said in a statement. "We will be able to offer a leading end-to-end platform for the world's most complex supply chains."

The deal, which requires approval from regulators, is expected to complete in the second half of 2025, or the first half of WiseTech's fiscal 2026, the companies said in separate statements. Stockholders owning the majority of e2open's shares have approved the transaction, they said.

Last month, e2open issued a revenue outlook range of $600 million to $618 million for fiscal 2026, while four analysts polled by FactSet are currently estimating $606.7 million. That's as quarterly revenue slowed to $152.7 million from $158.5 million a year earlier.

WiseTech expects to finance the acquisition price, transaction costs and working capital requirements through a $3 billion fully underwritten debt facility, it said in its statement. The deal includes a termination fee, according to WiseTech.

"Acquiring e2open is a strategically significant step in achieving our expanded vision to be the operating system for global trade and logistics," WiseTech Executive Chair Richard White said. "In bringing the two companies together, we see tremendous opportunity for synergies, efficiencies, economies of scale and enhanced customer benefit."