The deal will sharpen Manhattan’s focus on the transportation management sector by delivering an integrated supply chain solution that bridges the gap that has traditionally existed between transportation planning and execution processes.
Logistics.com, which is based in Burlington, Massachusetts, makes software that helps users to buy, sell, manage and optimize transportation services in the supply chain. Specifically, Manhattan will bring on board three new offerings: OptiManage (transportation management for shippers); OptiBid (strategic procurement for shippers); and OptiYield (decision support for carriers).
All the products are built on a common Logistics.com architecture called Logistics Event Management Architecture (LEMA) that focuses on shipper and carrier management and contractual and spot procurement across all modes of domestic and international transportation. The architecture integrates collaboration and workflow at its core, allowing for information sharing and integration with partner processes via Transportation XML (tXML).
Manhattan’s customer base will also get a boost. Logistics.com’s customers include many leading Fortune 500s in verticals such as retail, packaged consumer goods, and high-tech.
Manhattan bought substantially all the assets of Logistics.com in a one-off cash payment from Internet Capital Group – a company engaged in business-to-business (B2B) eCommerce through a network of companies. In December, Internet Capital agreed to sell the research assets of its Delphion Inc partner company to Thomson Corp for about $22m. Internet Capital reported revenue of $123.7m in 2001. Manhattan’s 2001 revenue stood at $151.3m.
Source: Computerwire
