Manhattan Closes Evant Deal - InformationWeek

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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.

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