ERP vendor's recovery continues apace
ERP vendor's recovery continues apace
SSA Global's remarkable turnaround, which has seen the ERP vendor come back from the brink of extinction to become the leading ERP system provider for the manufacturing and mid-market sections in less than four years, continues to gather momentum with the completion of the acquisition of supply chain execution specialists EXE Technologies.
"The addition of EXE today is further proof of SSA Global's deep commitment to keep customers for life," said Mike Greenough, President, Chairman and CEO of SSA Global. "As companies are required to find ways to do more with less, extending the value of their IT investment is a smart, strategic business decision. Our customers have one partner to go to for proven extended solutions that create competitive differentiation and significant business value - this is SSA Global and what we do best."
EXE Technologies will now operate as a wholly owned subsidiary of SSA Global. All holders of EXE Technologies common stock will receive US$7.10 per share in cash, without interest.
With the addition of EXE, SSA Global now has a complete supply chain management and execution offering giving best-of-breed functionality and enabling integration to other business process areas. EXE develops software that drives supply chain execution processes, including warehouse management, fulfilment, collaboration, inventory management and supply network execution. SSA Global’s supply chain management and execution offerings fuse the demand chain with the supply chain to ensure companies can take an order, give an accurate promise date, manufacture the right goods, allocate inventory properly, and ship efficiently, while maintaining a minimal finished goods inventory.
SSA Global will continue to support and develop the EXE product suite. The EXE Product Suite will become part of the overall SSA Global solution strategy and roadmap.
The full story of SSA Global's rescue from collapse and subsequent meteoric rise can be found in the January/Feb edition of IDM magazine.
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