Manugistics agrees to be acquired

Manugistics, the supply-chain software developer that was the second company to ink a SmartBuy enterprise license agreement with the General Services Administration, has agreed to be acquired.

JDA Software will acquire Manugistics for about $211 million in cash, the companies said in a joint announcement issued late today. By combining the two companies, JDA will have new sales opportunities and a stronger competitive position, according to the announcement.

"This deal is as close to a perfect match as you can get for an acquisition of this size," said Hamish Brewer, JDA's chief executive officer, in a written statement. The combined companies will bring in about $390 million in annual revenue, an estimate based on each company's earnings as separate entities.

Featured

  • Government Innovation Awards
    Government Innovation Awards - https://governmentinnovationawards.com

    Congratulations to the 2020 Rising Stars

    These early-career leaders already are having an outsized impact on government IT.

  • Cybersecurity
    cybersecurity (Rawpixel/Shutterstock.com)

    CMMC clears key regulatory hurdle

    The White House approved an interim rule to mandate defense contractors prove they adhere to existing cybersecurity standards from the National Institute of Standards and Technology.

Stay Connected