JDA Software Group Inc. announced that it has acquired the intellectual property assets of Vista Software Solutions, an innovative provider of collaborative commerce solutions for the retail and consumer goods industry. With this acquisition, JDA will expand JDA Portfolio with complementary software products that fully leverage Microsoft .NET and meet the critical need for server-to-server data synchronization in Internet-based collaborative commerce.
JDA has extended employment offers to approximately 20 former Vista Software sales, product management, development, services and support associates. JDA will relocate the former Vista Associates to its offices in Chicago and Scottsdale. The total purchase price is $4.3 million cash. Total revenues at Vista for the last 12 months ending March 31, 2003 were $4.3 million including $1.4 million in software revenues.
Fully supporting the international standards developed by UCCnet, Global Commerce Initiative (GCI) and Global Standards Management Process (GSMP), the Vista business-to-business software solutions enable retailers and consumer goods manufacturers to more efficiently synchronize and integrate data, including product descriptions, product images, pricing and promotion information, throughout their supply and demand chains. Vista's solutions also enable manufacturers to more effectively manage trade promotions, forecasting, funds management, settlements and deduction elimination.
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