Sterling Commerce, the multi-enterprise collaboration company and a subsidiary of AT&T Inc., announced an agreement to acquire Comergent Technologies, Inc., a developer of e-business software, for approximately $155 million in cash. Sterling Commerce plans to incorporate Comergent products to provide customers with a unified end-to-end order fulfillment solution across the extended supply chain. This unified solution will enable customers to increase revenue, shorten sales and order fulfillment cycle times, and reduce overall supply chain costs.
"Comergent provides an enterprise suite of applications for managing selling and order management processes with customers and partners that will help Sterling Commerce act swiftly and broadly on some of our customers' most pressing needs," said Samuel Starr, president and CEO, Sterling Commerce. "By integrating Comergent's eBusiness Application Suite into our multi-channel order fulfillment software, we plan to offer a modular end-to-end solution for the challenges that customers historically have handled through a complex and costly mix of point solutions."
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