Manugistics Finalizes SpaceWorks Purchase
Manugistics Group, Inc. (NASDAQ:MANU) has finalized its $8.3 million acquisition of the intellectual property and other assets of privately-held, Rockville, Md.-based SpaceWorks, Inc. Manugistics, also based in Rockville, will combine SpaceWorks' Web-based order management technology, including the SpaceWorks order transaction engine with Manugistics' Web-enabled supply chain management and pricing optimization solutions.
Customers of the Manugistics Profitable Order Management will now have the ability to route all sales channel inquiries and responses through a single Web-based interface.
The aim is to let enterprises more profitably manage and fulfill the customer order — from initial customer inquiry through delivery – while improving customer service and increasing the likelihood of repeat business.
In addition, Manugistics is dedicating development resources to expand existing SpaceWorks technology to further enhance its existing direct material procurement solutions. Adding these buy-side order management capabilities to Manugistics' Supplier Relationship Management offerings will help Manugistics clients streamline and better manage purchasing processes for direct material components, work-in-process, finished goods and strategic maintenance, repair and operations materials.
Founded in 1993, SpaceWorks — whose clients included Avaya, BF Goodrich, GE Aircraft Engines, and Maytag Corp. — provided software solutions which helped companies to automate complex order-related activities, including order submission, verification of inventory availability and account status, order tracking, product catalog searches, and returns while enabling the seller to better allocate inventory, fill orders and ship products directly to the customer.
Reprinted from dc.internet.com
