The MES software automates operations on the factory floor by enabling access to real-time data
The acquisition will bring added features to the company’s customers in the United States, Europe and Australia
Singapore-headquartered fashion technology platform Zilingo has acquired Sri Lanka-based software-as-a-service company nCinga Innovations in a $15.5 million cash-and-stock deal.
The acquisition will drive the adoption of the Manufacturing Execution System (MES) software across Zilingo’s global network of 6,000 factories and 75,000 businesses, and will enable access to new markets, a statement said. The MES software automates operations on the factory floor by enabling access to real-time data.
The acquisition will bring added features to the company’s customers in the United States, Europe and Australia, where brands traditionally lack transparency over supply chain and manufacturing processes, the statement said. Zilingo was founded in 2015 by Indian entrepreneurs Ankiti Bose and Dhruv Kapoor
“What excited us about the nCinga product was their ability to dramatically improve efficiency and drive insights by digitising the shop floor - we have partnered with them for a long time and their work has been crucial to our mission of creating a transparent, sustainable, economically viable and socially responsible apparel supply chain," Ankiti Bose, co-founder and CEO of Zilingo, said, in the statement.
Zilingo plans to leverage its global manufacturer network to increase distribution of the software, specifically for core fashion manufacturing markets such as Bangladesh, India, Vietnam, Indonesia, Thailand and Turkey.
“We at nCinga are very inspired by Zilingo’s vision. Both the teams align on shared values and a global ambition to make the fashion and apparel industry fair, transparent and efficient, we hope to do great things together," said Imal Kalutotage, CEO of nCinga Innovations.