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JDA Software To Acquire Manugistics For $211 Million
The firms said their combined company will have more than 5,500 customers and will offer supply-demand chain optimization software.
W. David Gardner
April 26, 2006
1 Min Read
JDA Software plans to acquire Manugistics Group for about $211 million in cash in a deal that will provide a $390 million-a-year supply chain and revenue management company.
Manugustics had been struggling in recent quarters -- it lost $4.6 million in its third quarter -- but the Maryland-based firm said earlier this week that it expects to report a profit in its fourth quarter.
The firms said their combined company will have more than 5,500 customers and will offer a coherent supply-demand chain optimization solution that spans manufacturer's plants to consumers.
"Only JDA can bring the product, market, and industry leadership proposition that will position Manugistics for a new era of growth," said Hamish Brewer, JDA CEO, in a statement Monday.
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