August 11, 2008 - JDA Software Group Inc. and i2 Technologies, Inc. announced the signing of a definitive merger agreement for JDA Software to acquire i2 Technologies.
The combination of the two companies creates a leader in the supply chain planning and optimization market. According to JDA CEO Hamish Brewer, the i2 acquisition completes the picture for JDA in the supply chain planning and optimization market.
"By acquiring i2 we double our addressable market in manufacturing to include discrete manufacturing, complementing our current market leadership in process manufacturing and strengthening our retail and transportation management presence. A major player in the supply chain space for more than 20 years, i2's world-class customers and employees are the perfect match for JDA. With the experience gained from the successful acquisition of Manugistics in 2006, the addition of i2 is comparatively an incremental and logical step for JDA," commented Brewer. "We are confident in our abilities to execute and deliver on projected synergies creating significant incremental shareholder value."
"In an industry that continues to consolidate, scale matters. In that regard, the combination of these two companies will create one of the world's strongest, best-of-breed software solution providers focused on the global supply chain," commented Dr. Pallab Chatterjee, i2 CEO. "The combination of i2 and JDA increases the opportunity for expanded expertise, accelerated innovation and even greater value delivery through the joining of some of the best solutions and brightest minds in the industry."
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