Manhattan Associates Acquires Logistics.com

Manhattan Associates Gains Robust Transportation Management Functionality, Increases Fortune 500 Customer Base and Continues to Expand Its Suite of Extended Supply Chain Solutions

ATLANTA and BURLINGTON, Mass., Dec. 31 -- Manhattan Associates, Inc., (NASDAQ:MANH) , the global leader in providing extended supply chain execution (x-SCE(TM)) solutions, and Logistics.com, the leader in integrated logistics planning and execution solutions for shippers and carriers, today announced that Manhattan Associates has acquired certain Logistics.com assets from Internet Capital Group for a one-time cash payment of approximately $20 million.

This acquisition will bridge the gap between transportation planning and execution, greatly expand Manhattan Associates` existing transportation management solutions and further strengthen the Company`s leadership position in the global supply chain execution market.

Logistics.com`s integrated transportation solutions give users the ability to buy, sell, manage and optimize transportation services. More specifically, these solutions cover shipper and carrier management and contractual and spot procurement across all modes of transportation-domestic and international. For customers, the benefits derived from these solutions and Logistics.com`s singular focus on transportation include:
* Lower costs - overall transportation spend, inventory and administration
* Improved customer service - quality, compliance and delivery
* Information and shipment visibility - reporting, tracking and alerts
* Deep domain expertise - truckload, less-than-truckload, air and ocean

"The combined solutions and resources of Manhattan Associates and Logistics.com provide the industry with the broadest suite of integrated supply chain execution solutions, which will greatly benefit our collective customers," said Manhattan Associates` President and CEO Richard Haddrill in announcing the acquisition. "Through this acquisition, our customers will gain access to Logistics.com`s functionally robust transportation solutions, which effectively manage the single largest and most controllable cost in the supply chain-transportation, while Logistics.com`s customers can take advantage of our industry-leading x-SCE solutions."

Some of the unique assets that Manhattan Associates acquires through this transition include Logistics.com`s:
* Functionality. Logistics.com offers users industry-leading, robust functionality in transportation planning, procurement and execution, providing them with a seamlessly integrated transportation planning and execution solution.
* Technology. Logistics.com`s architecture, which is called Logistics Event Management Architecture or LEMA, is a Web-based, message-driven architecture, allowing carriers and partners to collaborate more easily. Secure, scaleable and reliable, LEMA is workflow based so it easily integrates with other business processes via Transportation XML (tXML).
* Customer Base. Logistics.com`s customers include many of the world`s leading Fortune 500 companies in the following verticals: retail, consumer goods, food/grocery, high-tech and industrial.

"Logistics.com`s technology, deep domain expertise and robust functionality in transportation planning and execution and an impressive client list, which includes numerous Fortune 500 clients and almost every major carrier in the U.S., were the key drivers behind our decision to acquire the company`s assets," Haddrill continued. "This business combination clearly builds on our strategy to be the partner of choice for our customers` supply chain solutions."

About Logistics.com
Based in Burlington, Mass., Logistics.com delivers logistics planning and execution solutions that guarantee cost savings to shippers and carriers, while maximizing service and improving capital utilization. The company links all players in the logistics and adjacent industries on a standard communication and application integration platform, Logistics Event Management Architecture (LEMA). Logistics.com`s three offerings include OptiManage, a comprehensive transportation management solution for shippers; OptiBid, a strategic procurement solution for shippers; and OptiYield, a decision support and optimization solution for carriers. The company has received funding, strategic guidance and operational support from Internet Capital Group (NASDAQ:ICGE) .

Logistics.com has received numerous accolades, including being named to the Forbes Best of the Web B2B for two consecutive years. For further information, visit the company Web site at www.logistics.com .

About Manhattan Associates
Manhattan Associates, Inc., is the global leader of extended supply chain execution solutions. We enable operational excellence through real-time collaboration, execution and optimization. Our solutions leverage state-of- the-art technologies, innovative practices and our domain expertise to enhance performance, profitability and competitive advantage. Manhattan Associates has licensed more than 800 customers representing 1,100 facilities worldwide, which include some of the world`s leading manufacturers, distributors and retailers. For more information about Manhattan Associates telephone 770.955.7070 or visit www.manh.com .

Forward-Looking Statements
This press release may contain "forward-looking statements" relating to Manhattan Associates, Inc. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are delays in product development, undetected software errors, competitive pressures, technical difficulties, market acceptance, availability of technical personnel, changes in customer requirements and general economic conditions. Additional factors are set forth in "Safe Harbor Compliance Statement for Forward-Looking Statements" included as Exhibit 99.1 to the Company`s Annual Report on Form 10-K for the year ended December 31, 2001. Manhattan Associates undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results.

Additional Information and Where to Find It
Manhattan Associates, Inc. will be complying with the filing requirements of SEC in connection with the acquisition. The filings will contain more complete information about the acquisition. Investors and security holders are urged to read SEC filings regarding this acquisition carefully when they are available. These documents will contain important information about Manhattan Associates, Inc., Logistics.com, the acquisition and related matters. Investors and security holders will be able to obtain copies of these documents through the Web site maintained by the U.S. Securities and Exchange Commission at http://www.sec.gov/. Copies of these documents may also be obtained by request from Manhattan Associates by mail to Manhattan Associates, 2300 Windy Ridge Parkway, Seventh Floor, Atlanta, GA 30339 or email at investor_relations@manh.com .

You may read and copy any reports, statements or other information filed by Manhattan Associates at the SEC public reference rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at any of the Commission`s other public reference rooms in New York, New York and Chicago, Illinois. Please call the Commission at 1-800-SEC-0330 for further information on the public reference rooms. Manhattan Associates` filings with the Commission are also available to the public from commercial document-retrieval services and at the Web site maintained by the Commission at http://www.sec.gov/.

CONTACT:
Ellen Donovan of Manhattan Associates
+1-678-597-7910
edonovan@manh.com

or

Michelle Strykowski of Internet Capital Group
+1-610-230-4330
mstrykowski@internetcapital.com

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