Australian software company WiseTech Global on Monday announced its biggest deal to date, buying out U.S. cloud computing firm E2open for $2.1 billion to broaden its product offerings. The deal, which will be fully funded through a new $3 billion debt facility underwritten by a syndicate of nine lenders including Deutsche Bank and HSBC, marks a significant bet by WiseTech on expanding its global footprint. WiseTech, known for its flagship CargoWise platform, is offering $3.30 per E2open share — a 24.5% premium to the U.S. company's last closing price.
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