DeepStream has signed a contract with Altera Infrastructure for its SaaS technology to digitalise critical B2B exchanges in its supply chain. Altera has consolidated assets of approximately US$5.2bn and procures a significant amount of equipment and services annually including many complex packages within a critical supply chain.
DeepStream ensures that the exchange of data with businesses within the supply chain is more transparent and efficient as well as fully auditable: reducing compliance, risks and cost (both operational costs and direct US$m spend costs). The unique multi-sided network technology caters for exchanges between all business participants in the supply chain including intermediaries, joint venture partners and other external business associates. This securely and digitally facilitates the supply chain to interact within a compliant exchange platform.
Oystein Torlen, Altera Infrastructure, Head Of Supply Chain, Commented:
“As we embark on a new chapter as Altera Infrastructure we are determined to drive a transparent, sustainable and efficient digital supply chain. Our adoption of DeepStream marks a significant contribution to those objectives, ensuring that we have best-in-class technology to deliver value, communication auditability and data compliance within our critical supply chain operations”
Jack Macfarlane, DeepStream Technologies, Chief Executive Officer, Commented:
“DeepStream is proud to announce this new partnership with Altera Infrastructure, with whom we share a vision for a more transparent and cleaner supply chain within energy infrastructure facilitated by lean technology. In a challenging broader economic and industry environment, our lean software empowers the industrial supply chain to collaborate more efficiently, compliantly, and contribute towards positive network effects in hosting critical business data on-demand”