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News >> Technology >>
Manhattan Associates acquires Streamsoft LLC
By siliconindia staff writer
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Wednesday, 15 October 2003, 19:30 IST
ATLANTA: Deepak Raghavan-founded Manhattan AssociatesManhattan Associates, Inc., the global leader in providing supply chain execution (SCE) solutions, has announced that is has acquired certain assets of Chicago-based Streamsoft LLC. Streamsoft's slotting optimization technology will enhance Manhattan Associates' existing SCE solutions.
"Warehouse optimization is at the forefront of many corporations' efforts to drive costs down by increasing productivity," said Eric Peters, senior vice president, products and strategy at Manhattan Associates. "Streamsoft's technology will further augment the existing slotting optimization functionality in our Warehouse Management Systems Suite, delivering additional warehouse efficiencies to our customers."
With this acquisition, Manhattan Associates will broaden its base of slotting application users and gain additional expertise around slotting and supply chain optimization. The combination of technology and people associated with this transaction will serve to further extend Manhattan Associates' market-leading supply chain optimization offerings.
"Warehouse slotting optimization goes a long way to increasing warehouse productivity with the potential to generate returns of up to 50% in picking and replenishment operations," said Paul Maurer, CEO and founder of Streamsoft LLC. "Streamsoft's rich experience in developing world class slotting capabilities on a state-of-the-art technology platform will expand the already robust functionality that Manhattan Associates is delivering to its customers."