Manhattan to buy transport procurement software vendor

24 October 2002
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25 October 2002 | Robin Parker

Multinational collaborative commerce software vendor Manhattan Associates has strengthened its support for retail industry supply chains with the purchase of US-based Logistics.com.

The deal, estimated at $20 million, gives Manhattan a suite of transportation management and procurement software for shippers and carriers across domestic and international markets.

Most of Logistic.com's 100 employees are expected to be moved to the new parent group.

Logistics.com, whose customers include Wal-Mart and Procter & Gamble and transportation groups including Bridgestone and Ryder, has changed hands several times. Previous owners include the Internet Capital Group (ICG) and Sabre.

Under ICG, it developed its most recent product, OptiManage, a transportation management solution for shippers that builds on OptiBid and OptiYield, its procurement solutions for shippers and carriers.

It claims to have saved its clients more than $500 million to date on procurement contracts worth $8 billion.

SMoct2002

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