RedPrairie, of Alpharetta, Ga, has been backed by personal equity expert New Mountain Capital of New York City, which mutually said they would recommend $45 per share for JDA Software, of Scottsdale, Ariz., one of the most famous givers of software to retailers & manufacturers.
Recently trading, JDA Software shares raised $6.63 to $44.78.
JDA’s CEO, Hamish Brewer, will be CEO of the enlarged company, while RedPrairie CEO Michael Mayoras will become a director.
RedPrairie’s senior managers contain alumni of PeopleSoft, now a part of Oracle, as well as development Software. Among its directors is former Minnesota Gov. Tim Pawlenty, who mounted a bid for the Republican proposal for leader this year. Oracle & SAP in the history have fighted over supply chain companies, including Retek, won by Oracle for $630 million in 2005.
Well-liked customer products such as the iPhone 5 from Apple Inc. (Nasdaq: AAPL), the world’s most expensive technology company, have illustrated the significance of management skill to track each part in a product.
The JDA Software contract leaves some smaller companies that could be obtained by others, including Israel’s Retalix (Nasdaq: RTLX), whose shares rose 2 % to $20.01, & SPS Commerce (Nasdaq: SPSC), of Minneapolis, whose shares rose a nickel to $36.30.