JDA Software Group Inc. announced on August 11 that it will purchase i2 Technologies, Inc.,a provider of supply chain solutions. The purchase price is $346 million.
"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 JDA Chief Executive Officer Hamish Brewer.