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Manhattan Associates Acquires Logistics.com.

Publication: PR Newswire
Publication Date: 31-DEC-02 		Format: Online - approximately 1106 words
Delivery: Immediate Online Access

Article Excerpt
Manhattan Associates Gains Robust Transportation Management Functionality, Increases Fortune 500 Customer Base and Continues to Expand Its Suite of Extended Supply Chain Solutions

Manhattan Associates, Inc., , the global leader in providing extended supply chain execution (x-SCE(TM)) solutions, and Logistics.com, the leader in integrated logistics planning and execution solutions for shippers and carriers, today announced that Manhattan Associates has acquired certain Logistics.com assets from Internet Capital Group for a one-time cash payment of approximately $20 million.

(Photo: http://www.newscom.com/cgi-bin/prnh/20020419/MANASLOGO )

This acquisition will bridge the gap between transportation planning and execution, greatly expand Manhattan Associates' existing transportation management solutions and further strengthen the Company's leadership position in the global supply chain execution market. Logistics.com's integrated transportation solutions give users the ability to buy, sell, manage and optimize transportation services. More specifically, these solutions cover shipper and carrier management and contractual and spot procurement across all modes of transportation-domestic and international. For customers, the benefits derived from these solutions and Logistics.com's singular focus on...

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