The divestiture aligns with American Software’s commitment to AI-first supply chain technology solutions
ATLANTA, November 16, 2023–(BUSINESS WIRE)–American Software, Inc. (NASDAQ: AMSWA), a leading provider of innovative AI-powered supply chain management and advanced retail planning platforms, today announced that its wholly owned subsidiary, Logility, Inc., has signed an agreement to sell its Transportation Rating Solutions (‘ TRS’) business, which consists of on-premise freight shipping solutions for LTL, truckload and rail transportation within North America to FOG Software Group (“FOG”), a division of Vela software.
American Software is divesting TRS to focus on their core supply chain planning business, allowing Logility, American Software’s operating entity, to continue expanding their AI-first supply chain management platform. Logility’s SaaS cloud-based platform is designed for speed and flexibility, offering a unique blend of generative AI, advanced AI-driven algorithms, machine learning and predictive analytics to help integrated planning and operations across the end-to-end supply chain realize.
“Supply chain planning is entering a major transformation with technological advances, generational shifts in the workforce and the significant pace of market change and disruption,” said Allan Dow, CEO of American Software. “This divestiture optimally positions us to focus on delivering modern, breakthrough technology to the supply chain industry.”
About American software
Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, provides prescriptive tools for demand, inventory, production and supply planning – giving executives the confidence and control to increase margins and service levels while building sustainable supply chains.
Our solutions serve customers such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc. and Fender Musical Instrument Co. and sold through a direct sales force and an independent value-added global distribution network.
Logility is the only supply chain planning platform that uses generative AI, advanced AI-driven algorithms and machine learning. Our technical approach drives team alignment for more than 800 customers in 80 countries with prioritized, value-oriented outcomes. For more information about Logility, please visit www.logility.com. Logility is a wholly owned subsidiary and operating entity of American Software, Inc. You can find more information about American Software at www.amsoftware.com or by calling (404) 364-7615 or emailing [email protected].
Forward-Looking Statements
This press release contains forward-looking statements that are subject to significant risks and uncertainties. References below to the “Company” mean American Software, Inc. There are a number of factors that could cause actual results or performance to differ materially from those anticipated by the statements made herein. These factors include, but are not limited to, continued U.S. and global economic uncertainty and the timing and extent of business recovery; the irregular pattern of the company’s revenues; dependence on certain market segments or customers; competitive pressure; market acceptance of the company’s products and services; technological complexity; unnoticed software errors; potential product liability or warranty claims; risks associated with the development of new products; the challenges and risks associated with the integration of acquired product lines, businesses and services; uncertainty about the viability and effectiveness of strategic alliances; the assets of American Software, Inc. to timely comply with all required Securities and Exchange Commission (SEC) filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the company’s future performance. For more information about the risks the company may face and other information, please refer to American Software, Inc.’s current Form 10-K. and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email [email protected].
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Contacts
Kevin Liu
[email protected]
(626) 424-1535