Manhattan Closes Evant Deal - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance

Manhattan Closes Evant Deal

Both companies make supply-chain management software. Evant customers include Staples and O'Reilly Automotive.

Manhattan Associates Inc. reported that it completed the acquisition of privately held Evant Inc. after revealing in August it would pay $50 million in cash.

Evant is a supply-chain-planning software vendor focused on retail and replenishment applications. It has more than 60 customers, including Staples Inc. and O'Reilly Automotive Inc.

Manhattan Associates, a supply-chain-software maker, said the closing, revealed Thursday, came a month early. The company expects to recognize merger and transition costs in the third quarter instead of the fourth. The transaction had initially been scheduled to close on Sept. 30.

The deal takes another acquisition target off the table for Oracle and SAP, which have been gobbling up software vendors in the retail space to dominate the market. AMR Research calls the acquisition good news for Evant customers. The placement of Manhattan's financial and organizational strength behind Evant ensures ongoing support for Evant's application suite and offers stronger financial backing to speed feature enhancements missing in the software.

But while Evant offers an advanced suite of replenishment applications, some of its applications are behind the times, in particular merchandise, assortment, and item-planning software. The Evant software can't handle demand forecasting in its planning capabilities. And, the research firm says, the assortment-planning module is designed primarily for catalog retailers without the location planning needed for a store-centric operation.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
News
IT Spending Forecast: Unfortunately, It's Going to Hurt
Jessica Davis, Senior Editor, Enterprise Apps,  5/15/2020
Commentary
Helping Developers and Enterprises Answer the Skills Dilemma
Joao-Pierre S. Ruth, Senior Writer,  5/19/2020
Slideshows
Top 10 Programming Languages in Demand Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  4/28/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll