Logility Buys Optiant
March 23, 2010 (FinancialWire) — American Software’s (NASDAQ: AMSWA) Logility, Inc. unit said it has acquired certain assets of privately-held Optiant, Inc., a Boston-based provider of multi-echelon supply chain optimization systems, for around $3.3 million in cash, subject to certain post-closing adjustments.
Logility said it expects the acquisition will be accretive to its earnings and cash flow within the next 12 months. Logility will incorporate the Optiant products into its Logility Voyager Solutions suite branded as Voyager Inventory Optimization.
The company said that the addition of Optiant further strengthens Logility Voyager Solutions as a comprehensive supply chain solution marketed to midsize, large, and Fortune 1000 companies in the consumer goods, life sciences, process manufacturing, discrete manufacturing, wholesale distribution, and high-tech industries.
Georgia-based Logility is a provider of collaborative supply chain solutions. Logility is a wholly owned subsidiary of ). For more information about Logility, call 1-800-762-5207 or visit www.logility.com.
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