There is no row at position 0. RedPrairie Snags JDA Software for $1.9B | Top Stories | Vertical Systems Reseller (VSR)

RedPrairie Snags JDA Software for $1.9B

— November 06, 2012

RedPrairie and JDA Software, two power players in the supply chain world, announced late last week that JDA and affiliates of RedPrairie have entered into a definitive merger agreement. The combined entity will offer a broad portfolio of solutions and services to manage global supply chains.
 
Under the terms of the merger agreement, RedPrairie will acquire all outstanding shares of JDA common stock for $45 per share. The $45 per share offer price represents a 33 percent premium to JDA's stock price on October 26, 2012 – the day before market rumors surfaced stating JDA was exploring a sale. The offer price also represents a 16 percent premium to JDA's all-time high stock price. The transaction has a total enterprise value of approximately $1.9 billion.

JDA is known for providing software to help with supply chain planning, merchandising and pricing solutions and RedPrairie is a major provider of software tools for warehousing, workforce management, store operations and e-commerce. It's expected that the union of the two companies will make it easier for VARs to create new solutions that seamlessly tie together all ends of the supply chain.

Following completion of the transaction, JDA's Hamish Brewer is expected to lead the combined company as its CEO. RedPrairie's CEO, Michael Mayoras will remain on the board of the combined company.
 
"This merger establishes a company perfectly suited to meet the evolving demands of the 'always-on' mobile consumer," Mayoras stated in a release. "I look forward to committing myself to the success of this combined company because I believe it will provide extraordinary customer value."

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