Logistics.com Becomes The Newest Of Manhattan Associates
P.J. Jakovljevic - November 14, 2002

Event Summary

On October 23, Logistics.com, Inc. (www.logistics.com ), a provider of transportation procurement, planning and execution technology for shippers and carriers, announced that it has signed a letter of intent for the acquisition of its assets by Manhattan Associates, Inc. (NASDAQ: MANH, www.manh.com ), a global leader in extended supply chain execution (SCE) solutions. Logistics.com's team members should bring breadth and depth of expertise in the transportation industry with, and the anticipated acquisition should extend Manhattan's SCE leadership with Logistics.com's transportation execution and procurement solutions for shippers as well as optimization technology for carriers. The companies expect to conclude the transaction by the end of 2002, subject to various closing conditions. The purchase price is expected to be approximately $20 million, and Manhattan Associates does not expect the acquisition to dilute its future earnings. No revenue from the Logistics.com acquisition is included in the company's Q3 2002 results...