JDA And RedPrairie Complete Merger
RedPrairie and JDA Software Group, Inc. (NASDAQ: JDAS) (“JDA”) today announced the completion of the previously announced merger between the two companies. The merger positions the combined company as the leader in global supply chain management, offering a broad portfolio of integrated planning and execution solutions and services to help global firms manage their supply chains – from raw materials to finished products and into the hands of consumers – through any channel.
The transaction creates one of the largest global software companies with combined revenues of over $1 billion. The new combined company will adopt the JDA brand identity and be headquartered in Scottsdale, Arizona. Since the merger agreement was announced on November 1, 2012, the two companies have been preparing an integration plan designed to rapidly combine the operations of the two companies into one. The plan is now substantially complete, and the integration process will begin early in the new year and will be rapidly followed up with an integrated product roadmap in the second quarter, in time for the combined user group conference on May 5, 2013.
JDA President and CEO Hamish Brewer, who will lead the new company, said that the combination of the two companies represents a new force in global supply chain management, multi-channel commerce, merchandising and store operations.
“Among our shared customers, over 300 have already chosen solutions from both firms, underscoring the potential of our highly complementary product suites. We are committed to building on our best-in-class solutions portfolio to create the most compelling and comprehensive offering for both current and new customers seeking global supply chain solutions and services,” Brewer commented. “Supported by the broadest and deepest pool of supply chain experts in existence today, our customers will enjoy industry leading return on investment, particularly when they take full advantage of our cloud deployment capability.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts