Irvine-based RiverOne Inc., a maker of supply chain software that’s raised $50 million in funding, has been acquired by Dallas-based rival i2 Technologies Inc.
Terms of the deal weren’t disclosed. RiverOne counts estimated yearly sales of $35 million and about 150 workers.
Technically, i2 is buying RiverOne’s i2 software, which is used by technology companies to manage inventory, production and ordering.
Customers include Toshiba Corp., Acer Inc. and Flextronics International Ltd.
I2 plans to hire “a number of RiverOne employees.”
I2 also makes supply chain software. It boomed during the late 1990s but fell upon hard times in the technology bust.
The company has improved operations in the past year and plans to make more acquisitions.
RiverOne got its start as Need2Buy and was based in Westlake Village before moving to Aliso Viejo and later Irvine’s University Research Park.
In 2001, RiverOne combined with Aliso Viejo’s Efinity Inc., bringing the company to Orange County.
Los Angeles-based Shelter Capital Partners is a RiverOne investor.
