Northern,WI  11/1/2012 (BasicsMedia)  —  JDA Software (NASDAQ:JDAS) a maker of supply-chain management software, agreed to be bought by privately held rival RedPrairie for about $1.9 billion in cash.  The $45 per-share offer represents an 18 percent premium over JDA’s Wednesday close. JDA shares rose to $44.76 on Thursday.

Privatization has claimed many victims in 2012 as Sarbanes Oxley is proving to be an exchange killer for US Markets.  Priavte Equity is feasting on companies and gorging as we close 2012, I have written countless articles about good companies going private under the radar.

The offer price represents a 33 percent premium to JDA’s stock price on Friday, the last trading day before rumors surfaced that JDA was exploring a sale, the companies said in a joint statement.  JDA also reported lower-than-expected third-quarter results as software and subscription revenue slipped 18 percent on weak license sales in Europe and to manufacturers in North America.

The company said consulting services revenue fell 4 percent to $64.3 million mainly due to reduced work from a customer in the Asia-Pacific region.  JDA Software provides customized software applications to customers ranging from government and aerospace defense contractors to hospitality and media organizations.

Other stocks in the sector are all higher today:


Automatic Data Processing (NYSE:ADP):  +$1.57  Automatic Data Processing, Inc. provides business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. The Employer Services segment offers a range of human resource (HR) information, payroll processing, time and labor management, and tax and benefits administration solutions and services, including traditional and Web-based outsourcing solutions to employers in the United States, Canada, Europe, South America, Australia, and Asia.

Cognizant Technology Solutions (NASDAQ:CTSH): +.56  Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and internationally. Its IT consulting and technology services include business and knowledge process consulting; IT strategy consulting; program management consulting; technology consulting; application design, development, integration, and re-engineering, such as complex custom systems development, data warehousing/business intelligence, customer relationship management (CRM) system implementation, and enterprise resource planning (ERP) system implementation.

Aspen Technology (NASDAQ:AZPN)  +$2.12  Aspen Technology, Inc. provides integrated process optimization software solutions to manage and optimize plant and process design, operational performance, and supply chain planning. The company designs and develops a suite of aspenONE software applications for use in the areas of engineering, manufacturing, and supply chain.


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