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.”
“Companies are looking for ways to meet the evolving needs of today’s
consumer, who is always connected,” said Alok Singh, Chairman of the
Board of the combined company. “With unparalleled domain expertise,
global reach and market-leading, front-to-back supply chain management
solutions, the new JDA is perfectly positioned to deliver best-of-breed
software products for manufacturers and retailers around the globe. The
completion of this merger is a significant step forward and enables us
to execute on our long-term vision of adding value to our customers as
both a strategic and operating partner.”
Greenhill & Co. served as financial advisor to RedPrairie and dealer
manager for the tender offer, and Fried, Frank, Harris, Shriver &
Jacobson LLP acted as legal counsel. Credit Suisse also served as a
financial advisor to RedPrairie.
J.P. Morgan acted as financial advisor to JDA. DLA Piper LLP acted as
legal counsel for JDA, and Cravath, Swaine & Moore LLP represented the
independent directors of the Board of Directors of JDA.
About RedPrairie
For more than 35 years, RedPrairie’s best-of-breed supply chain,
workforce and all-channel retail solutions have put commerce in motion
for the world’s leading companies. Installed in over 60,000 customer
sites across more than 50 countries, RedPrairie solutions adapt to help
ensure visibility and collaboration between manufacturers, distributors,
retailers and consumers. RedPrairie is prepared to meet its customers’
current and future demands with multiple delivery options, flexible
architecture and 24/7 technical and customer support. For a world in
motion, RedPrairie is commerce in motion.
To learn more about how RedPrairie solutions can optimize your
inventory, improve employee productivity or increase sales, visit RedPrairie.com
or email info@redprairie.com.
RedPrairie is a registered trademark of RedPrairie Corporation. © 2012
RedPrairie Corporation. All Rights Reserved. Other product and service
names mentioned herein are the trademarks of their respective owners.
About JDA Software Group
JDA® Software Group, Inc. (NASDAQ: JDAS), The Supply Chain
Company®, is the leading provider of innovative supply chain
management, merchandising and pricing excellence solutions worldwide.
JDA empowers more than 2,700 companies of all sizes to make optimal
decisions that improve profitability and achieve real results in the
manufacturing, wholesale distribution, transportation, retail and
services industries. With an integrated solutions offering that spans
the entire supply chain from materials to the consumer, JDA leverages
the powerful heritage and knowledge capital of acquired market leaders
including i2 Technologies®, Manugistics®, E3®,
Intactix® and Arthur®. JDA’s robust services
offering, including complete solution lifecycle management via JDA Cloud
Services, provides customers with leading-edge industry practices and
supply chain expertise, lower total cost of ownership, long-term
business value, and 24/7 functional and technical support. To learn
more, visit jda.com or email info@jda.com.
Forward Looking Statements
Information provided and statements contained in this press release that
are not purely historical, such as statements regarding expectations
about the tender offer, the expected timing of the completion of the
transaction and the ability to complete the transaction considering the
various closing conditions, are forward−looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Such forward−looking statements
only speak as of the date of this press release, and JDA assumes no
obligation to update the information included in this press release.
Statements made in this press release that are forward−looking in nature
may involve risks and uncertainties. Accordingly, readers are cautioned
that any such forward−looking statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict, including, without
limitation, the possibility that the transaction does not close, the
risk that business disruption relating to the transaction may be greater
than anticipated, the failure to obtain any required financing on
favorable terms and other specific risk factors discussed herein and in
other releases and public filings made by JDA (including filings by JDA
with the SEC). Although JDA believes that the expectations reflected in
such forward−looking statements are reasonable as of the date made,
expectations may prove to have been materially different from the
results expressed or implied by such forward−looking statements. Unless
otherwise required by law, JDA also disclaims any obligation to update
its view of any such risks or uncertainties or to announce publicly the
result of any revisions to the forward−looking statements made in this
press release.
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