JDA wraps up i2 acquisition

JDA wraps up i2 acquisition       JDA Software Group said Thursday it has completed its acquisition of i2 Technologies in a transaction valued at about $604 million.
      'With the close of the i2 acquisition, we've achieved an exciting milestone and an important and consistent step in our strategy of becoming the foremost end-to-end supply chain solution provider,' said Hamish Brewer, JDA chief executive officer, in a statement.
      The combined JDA and i2 customer base comprises more than 6,000 companies worldwide in manufacturing, wholesale distribution, transportation, retail and services industries. The acquisition of i2 marks JDA's 11th in 11 years.
   'With near-term synergies in operations, administrative functions and infrastructure costs expected to produce annual savings of approximately $20 million, we anticipate that the acquisition will significantly improve operational leverage and produce strong financial results going forward,' Brewer said.

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   'JDA plus i2 is a powerful combination,' said Bill Bryan, director of supply chain and supply chain economics at The Timken Co., a global bearings manufacturer. 'As a long-time customer of both companies and an active member and chairman of the i2 User Group, I am looking forward to learning more about the substantial value that the new combined company can deliver to business worldwide.'
      As part of the acquisition, former i2 executives Aditya Srivastava and Kelly Thomas will join JDA's executive and senior management team.   
Srivastava is the combined company's senior vice president and chief technology officer, and Thomas is senior vice president of manufacturing. JDA also promoted Namita Dhallan to chief product officer and Salil Joshi to regional vice president of JDA's Center of Excellence in India.
      JDA has scheduled an analyst call on Feb. 16 at 11 a.m. EST to discuss its 2010 outlook. A live audio Webcast of the conference can be accessed by logging onto https://www.jda.com
in the Investor Relations section. A replay of the conference call will be available starting at 2 p.m. EST on Feb. 16 through Feb.   
28.