Global investment group Investcorp backs company with new equity funding
Atlanta — January 6, 2004 — Viewlocity, a provider of supply chain management software, has completed a going-private transaction backed by Investcorp, a global investment group.
As part of the transaction, effective on December 31, Viewlocity merged with a wholly owned subsidiary of Viesta, an entity created solely for the purposes of this transaction.
Viewlocity is now a wholly owned subsidiary of Viesta and is no longer publicly traded. The company will continue to operate as Viewlocity with the existing management team.
The company said it plans to leverage its 70-plus supply chain customers and global presence to further penetrate the market for supply chain event management and visibility software and related products.
In late 2002, solution providers SynQuest and Viewlocity merged operations and then merged with enabler Tilion to create a new company that retained the Viewlocity name. (See related story.)