Manugistics In Merger Discussions - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Manugistics In Merger Discussions

Supply-chain software vendor Manugistics Group said today that it's in preliminary merger discussions with an undisclosed vendor or vendors. The announcement of the talks, which had been rumored for weeks, came as Manugistics reported disappointing financial results for the quarter ended Nov. 30.

Manugistics posted a third-quarter net loss of $10.4 million, or 39 cents a share, compared with net income of $3.8 million, or 14 cents a share, in the year-earlier quarter. The loss included a one-time restructuring charge of $701,000. Revenue rose 2% from a year ago to $43 million.

Manugistics CEO William Gibson attributed the declines to "issues with execution, new competitive forces, and some market factors affecting our clients and prospects." Analysts note that Manugistics, whose stock price has fallen more than 70% this year, is increasingly being challenged in the supply-chain market by enterprise software leaders SAP, PeopleSoft, Oracle, and Baan, which are now Manugistics' most likely suitors.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Remote Work Tops SF, NYC for Most High-Paying Job Openings
Jessica Davis, Senior Editor, Enterprise Apps,  7/20/2021
Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll