Perfect Commerce, eScout Merge
The two merge into one company to tackle the supplier relationship management market.Perfect Commerce Inc. and eScout LLC announced Wednesday that they have merged into one company to tackle the supplier relationship management market. Under the terms of the agreement, shareholders of Perfect Commerce will receive newly issued shares of stock from eScout. The merger is expected to close during this quarter. Sandy Kemper will remain eScouts chairman and CEO, while the current president and CEO of Perfect Commerce, James McCormick, will become the president and chief operating officer of the combined company.
The company will remain privately held and headquartered in Lees Summit, Mo., with corporate offices in Perfect Commerces headquarters in Palo Alto, Calif., San Diego and Las Vegas.