MANHATTAN ASSOCIATES BUYS ASSETS OF LOGISTICS.COM

MANHATTAN ASSOCIATES BUYS ASSETS OF LOGISTICS.COM    Manhattan Associates Inc., an Atlanta-based provider of supply chain execution software, has signed a letter of intent to buy the assets of Logistics.com, a provider of integrated planning solutions.
   Logistics.com, based in Burlington, Mass., markets three software offerings, including OptiManage, a transportation management solution; OptiBid, a procurement application, and OptiYield, an optimization solution. The company had received funding from Internet Capital Group.
   Manhattan Associates, which has 800 employees, had $133 million in revenue in 2000. The company projected revenue of $170 million this year.
   A spokesman for Logistics.com said that both companies expected to conclude their transaction in the fourth quarter, subject to various closing conditions.