Logility acquires Optiant
Further strengthening Logility Voyager Solutions as a comprehensive supply chain solution, Logility (http://www.logility.com) has acquired certain assets of privately held Optiant, provider of multi-echelon supply chain optimization systems, for approximately $3.3 million in cash. Optiant's unique optimization technology helps manufacturing companies and distribution businesses free up millions of dollars in working capital trapped within their multi-echelon supply chains. Optiant improves strategic inventory policies and tactical inventory targets to produce bottom-line savings, achieve higher service levels, and mitigate the impact of supply and demand variability. Logility will incorporate the Optiant products into the Logility Voyager Solutions suite branded as Voyager Inventory Optimization.