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by David R. Brousell, MA Editorial Staff
Posted on Sunday, May 01, 2005 12:00:00 AM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Top executive changes and reorganizations at i2 Technologies and Manugistics reflect a market category in the midst of redefinition, relatively low growth rates and, perhaps, oversupply. |
Top executive changes and reorganizations at i2 Technologies and Manugistics, the two leading independent suppliers of supply chain management software, reflect a market category in the midst of redefinition, relatively low growth rates and, perhaps, oversupply, say analysts and vendor executives. In March, i2 named Michael E. McGrath as interim president and chief executive, replacing founder Sanjiv Sidhu, and cut approximately 15% of its 2,000-person workforce. The company lost $3 million in FY 04 on revenues of $389 million, from $495 million. Its revenue in '00 was $1 billion. Also in March, Manugistics announced a sales reorganization around vertical industries. Last July it named Joe Cowan as CEO, replacing Gregory Owens, who remains chairman. In its fiscal year ended February '04, Manugistics lost $102 million on revenues of $243 million, down from $272 million. [Click to continue] |
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