Private equity company Thoma Bravo has agreed to buy Elemica for an undisclosed sum. The Pennsylvania, USA-based firm founded in the year 2000 by 22 chemical companies as a fledgling e-commerce platform in the ensuing years has expanded its supply chain and logistics network to other industries, offering supply chain operating network management software designed to help companies cut costs and improve operations.

Elemica chairman Robert Blackburn said the time was right to find a buyer with a proven track record of successfully investing in distinctive software and technology companies and helping them grow faster.

The acquisition is aimed at expanding the capabilities of Elemica’s supply chain solutions by focusing more resources and investing in next-generation technologies as well as accelerating time to market. John Blyzinskyj, Elemica’s CEO, said: “The goal remains to grow Elemica’s business network into a multi-trillion-dollar commerce engine annually.”