JDA Software is acquiring i2 Technologies in a deal worth approximately $434.4m, almost a year after a similar deal was blown apart by the financial crisis. Having previously acquired Manugistics, i2's former rival in the supply chain planning market, this transaction will firmly establish JDA as a leader in the market for supply chain planning and optimization software. The combined company will have more than 6,000 customers and revenues of approximately $617m, including over $275mof annual maintenance and recurring subscription fees.
"Our strategic rationale for acquiring i2 is even more compelling today than it was a year ago, says JDA Chief Executive Officer Hamish Brewer. "The challenges of the economic crisis have focused the market's attention on the disciplines of supply chain planning and JDA has established a leading role in this active market. Integrating i2's solutions and expertise will only expand our opportunity to build substantial new shareholder value over the coming years."
The transaction is scheduled to close in the first quarter of 2010.
