04 September 2003 | Robin Parker
SSA Global Technologies remains on the lookout for more companies to acquire after the purchase of supply chain software vendor EXE Technologies.
The $50 million (£31.8 million) cash deal is the latest in a string of takeovers carried out by the enterprise resource planning specialist.
In recent months, it has built up a portfolio of supply chain management (SCM) and customer relationship management (CRM) software providers, including Baan, Ironside Technologies, Elevon and Infinium Software, along with InterBiz, the e-business division of Computer Associates. SSA claims the aggressive strategy has paid off by contributing to nine consecutive quarters of growth.
EXE Technologies, which specialises in warehouse and inventory management, fulfilment, collaboration and supply network execution software, has offices in the US, Europe, the Middle East, Asia and Australia. It will now become a wholly owned subsidiary of SSA.
SSA has said that acquisitions form a key part of its growth strategy. It is on the lookout for further purchases, particularly in the ERP, CRM, SCM and business intelligence fields.
Mike Greenough, president, chairman and chief executive of SSA, said the bolstered company is now "positioned to offer best-of-breed solutions that can extend the value of ERP systems and provide a lower cost of ownership for our customers".