Aiming to "bridge the gap between execution planning and transportation," Manhattan Associates Inc. has acquired certain Logistics.com assets from Internet Capital Group for a one-time cash payment of approximately $20 million.
The acquisition merges the resources of a leading supply chain execution technology vendor (Manhattan) with the logistics planning and execution solutions of Logistics.com. According to Manhattan, the move allows the company to expand its existing transportation management offerings. Logistics.com's integrated transportation solutions are designed to enable users to buy, sell, manage and optimize transportation services. Specif ically, the solutions cover shipper and carrier management and contractual and spot procurement across all modes of transportation-domestic and international. For customers, the benefits include lower costs, better customer service and better shipment visibility.
"The combined solutions and resources of Manhattan Associates and Logistics.com provide the industry with the broadest suite of integrated supply chain execution solutions, which will greatly benefit our collective customers," says Manhattan Associates' president and CEO, Richard Haddrill. "Our customers will gain access to Logistics.com's functionally robust transportation solutions, which effectively manage the single largest and most controllable cost in the supply chain- transportation, while Logistics.com's customers can take advantage of our industry-leading extended supply chain solutions."