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."
"Both Comergent and Sterling Commerce share a vision for seamless supply chain execution - and today, the reality is that enterprises must sell broader offerings and reach new markets to grow their business and remain competitive," said Jean Kovacs, president and CEO, Comergent Technologies, Inc. "Together, the respective strengths of our solutions will help enterprises respond to their growing customer and partner demands for optimized customer experience channel synchronization and reduced order fulfillment cycle times."
Sterling Commerce plans to continue sales and support for Comergent products. The acquisition is subject to the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and is expected to close shortly thereafter.
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