While still subject to certain post-closing adjustments, Atlanta-based Logility said the acquisition is expected to be accretive to its earnings and cash flow within the next 12 months.
Logility acquired Optiant's technology and customer base, which includes shippers such as Black & Decker, Procter & Gamble, Kraft, HP, Nestle and Boston Scientific. In addition, Optiant's sales, support and development team will join Logility.
Developed by researchers from the Massachusetts Institute of Technology, Optiant helps companies improve their inventory management. Optiant's optimization technology will be rolled into Logility's Voyager Solutions and branded as Voyager Inventory Optimization.
'Traditional enterprise approaches to inventory management like economic order quantities and statistics-based safety stock bring balance to the tradeoffs between inventory and cash or services,' said Mike Edenfield, Logility's president and chief executive officer, in a statement Monday.
'Optiant provides advanced techniques that complement existing ERP and supply chain systems to drive strategic value across complex product lines, manufacturing strategies and distribution networks,' he added.
Logility's supply chain systems are used by a variety of shippers involved with consumer goods, life sciences, process and discrete manufacturing, wholesale distribution, and high-tech products.
