Tulip Partners with Stanley Black & Decker on Global Operations Platform
BOSTON, May 20, 2022 /CNW/ -- Tulip Interfaces ("Tulip") announced today that Stanley Black & Decker (NYSE: SWK) has selected Tulip's Frontline Operations Platform to provide digital manufacturing solutions to all their factories around the world.
"Our partnership with Tulip helps drive long-term value creation," said Jane Arnold, Vice President of Manufacturing Technology at Stanley Black & Decker. "Deploying Tulip globally epitomizes our relentless commitment to best-in-class advanced manufacturing solutions and operations agility."
Stanley Black & Decker has been a Tulip customer since 2018 and has seen significant growth and value in its investment and expansion of its use of the platform across multiple sites. In support of the partnership, Stanley Ventures, Stanley Black & Decker's venture wing, joined Tulip's $100M Series C while STANLEY X, the company's innovation arm, will work with the teams to seek additional growth opportunities. In addition, Jane Arnold will join Tulip's Board of Directors as an observer.
On the collaboration, Natan Linder, Chief Executive Officer and co-founder of Tulip said, "This is a mutual investment in a long-term partnership between our two companies. The Stanley Black & Decker team is deeply committed to supporting their people. They are leaders in operational innovation, and I'm looking forward to seeing how they leverage Tulip to drive manufacturing excellence."
For Stanley Black & Decker, Tulip's platform aligns with their vision for the future of operational technology–a cloud-native platform with no code capabilities that enables the manufacturing workforce.
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SOURCE Tulip Interfaces