Manhattan Associates Signs Letter of Intent to Acquire Logistics.com Assets
Supply Chain Execution Leader Plans To Augment Offering with Premier
Transportation Execution Capability, Adding Transportation Planning, Carrier
Product Portfolio and Large Blue-Chip Customer Base
Burlington, MA - October 23, 2002 - Logistics.com, Inc., a leader in
integrated logistics planning and execution solutions for shippers and
carriers, today announced that it has signed a letter of intent for the
acquisition of its assets by Manhattan Associates, Inc. (NASDAQ: MANH), the
global leader in extended supply chain execution solutions.
Logistics.com`s team members bring tremendous breadth and depth of expertise
in the transportation industry. The anticipated acquisition extends
Manhattan`s supply chain execution leadership with Logistics.com`s advanced
transportation execution and procurement solutions for shippers as well as
leading optimization technology for carriers.
"We are extremely pleased about the opportunity to join a proven leader in
the supply chain execution space," said John Lanigan, chief executive
officer of Logistics.com. "We believe our people, products and customers
will enhance Manhattan`s leadership position."
The companies expect to conclude the transaction in the fourth quarter,
subject to various closing conditions.
About Logistics.com
Based in Burlington, Mass., Logistics.com delivers integrated 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 website at
www.logistics.com .
About Manhattan Associates
Manhattan Associates is a global leader in providing supply chain execution
and collaborative commerce solutions. These solutions leverage
state-of-the-art technologies, innovative practices and the company`s 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, suppliers and retailers. For more information about Manhattan
Associates visit www.manh.com.
Contacts:
Casy Jones
Ruder-Finn Public Relations
312-329-3976
Jonesc@RuderFinn.com
Evan Eggers
Logistics.com
888-579-0511
eeggers@logistics.com
Ellen Donovan
Manhattan Associates
678-597-7910
Edonovan@manh.com
Back...
