The second time was the charm for JDA Software, which today closed its acquisition of fellow supply chain software specialist i2 Technologies, 13 months after its initial takeover bid failed.
The final transaction cost was $604 million, according to a company statement, or $19.79 per share. The deal combines two best-of-breed supply chain planning and management companies that had battled in the marketplace for years. JDA said the streamlined company would boast 6,000 customers worldwide, including discrete and process manufacturers, wholesale distribution and transportation companies, and retailers and service providers.
JDA chief executive Hamish Brewer characterized the tie-up as an “exciting milestone for JDA,” adding that i2 “doubles JDA’s market for advanced planning and optimization solutions in all targeted manufacturing verticals, enabling us to address the complexities of discrete manufacturing [and] complement our leadership in process manufacturing.” He also said in the statement that i2 would help bolster JDA’s presence in Tier 1 and Tier 2 markets, though he did not call out specific markets.
JDA has yet to detail its plans for supporting and integrating i2’s products and customers. A spokeswoman today said, “We are doing a thorough evaluation of our product suites and intend to publish a detailed product roadmap as soon as possible.”