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Apps & Software

JDA & i2: Supply Chain Consolidation Continues (JDAS, ITWO)

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By Douglas A. McIntyre Updated Published
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Jda_software_logoAn announcement came early this morning that JDA Software Group Inc. (NASDAQ: JDAS) was acquiring i2 Technologies Inc. (NASDAQ: ITWO).  The companies have signed a definitive merger pact for approximately $346 million in cash. For the common stock, this translates to $14.86 per share in cash.

The two companies combined should have roughly $635 million in trailing12-month revenues, with about $300 million in recurring maintenance andsubscription service revenues.  The companies believe they will save$20 million in annualized costs.

This merger is subject to i2 shareholder approval.  Some holders willagree to this, but with a $10.01 to $18.80 trading range over the last52-weeks, there could be some holders who argue this undervalues thecompany. Either way, the consolidation among supply chain software andlogistics providers continues to occur.

Jon C. Ogg
August 11, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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