Logility Acquires Optiant
Logility Inc. announces its acquisition of certain assets of privately-held Optiant Inc., a Boston-based provider of multi-echelon supply chain optimization systems, for approximately $3.3 million in cash, subject to certain post-closing adjustments. The acquisition is expected to be accretive to Logility's earnings and cash flow within the next 12 months.
Optiant's optimization technology aims to help manufacturing companies and distribution businesses free up millions of dollars in working capital trapped within their multi-echelon supply chains. Its modeling and simulation capabilities help consumer goods, high tech manufacturing, life sciences, and other industries manage global supply chains to achieve specific business goals.
Logility will incorporate the Optiant products into the Logility Voyager Solutions suite branded as Voyager Inventory Optimization. The addition of Optiant is expected to further strengthen Logility Voyager Solutions as a comprehensive supply chain solution marketed to midsize, large, and Fortune 1000 companies in the consumer goods, life sciences, process manufacturing, discrete manufacturing, wholesale distribution, and high-tech industries.
Optiant's optimization technology aims to help manufacturing companies and distribution businesses free up millions of dollars in working capital trapped within their multi-echelon supply chains. Its modeling and simulation capabilities help consumer goods, high tech manufacturing, life sciences, and other industries manage global supply chains to achieve specific business goals.
Logility will incorporate the Optiant products into the Logility Voyager Solutions suite branded as Voyager Inventory Optimization. The addition of Optiant is expected to further strengthen Logility Voyager Solutions as a comprehensive supply chain solution marketed to midsize, large, and Fortune 1000 companies in the consumer goods, life sciences, process manufacturing, discrete manufacturing, wholesale distribution, and high-tech industries.