Atlanta—July 7, 2014—Logility, Inc., a supplier of collaborative solutions to optimize the supply chain, announced its acquisition of privately held MID Retail, Inc., an Indianapolis-based provider of retail allocation and merchandise planning solutions.
MID Retail’s technology helps retailers synchronize merchandise financial plans with customer demand at each retail location to boost in-stock performance, profitably grow their businesses, allocate merchandise, and deliver higher product availability and customer service. MID Retail’s products can be integrated into the Logility Voyager Solutions suite and rebranded under Voyager Retail Optimization. Like other components in Logility Voyager Solutions suite, Voyager Retail Optimization can be deployed as a stand-alone solution or as a part of a broader supply chain initiative.
The retail industry faces several challenges, including the accelerating pace of new product introductions, the need to deliver a consistent omni-channel customer experience, and increasing pricing and service pressures from aggressive competitors. To succeed and stay ahead of the competition, retailers require a comprehensive supply chain solution that can optimize their operations from sourcing through manufacturing to store and customer delivery.
“With this acquisition, Logility Voyager Solutions delivers the holistic supply chain solution retail companies need to compete in today’s complex marketplace,” stated Mike Edenfield, Logility president and CEO. “MID Retail’s innovative retail planning and allocation solutions complement the Logility Voyager Solutions suite. The combination provides a robust, comprehensive supply chain solution that helps retailers, brand owners, wholesale distributors, and manufacturers intelligently grow their businesses, increase customer service levels and reduce working capital.”
The addition of MID Retail further strengthens Logility Voyager Solutions as a comprehensive supply chain planning solution marketed to Fortune 500, large and midsize companies in the retail, wholesale distribution and manufacturing industries. Some of the unique assets that Logility acquires through this transaction include:
- Technology: MID Retail’s retail allocation and merchandise planning solutions intelligently harmonize merchandise financial plans with customer demand at each retail location. The allocation capabilities ensure product availability and improve customer satisfaction, while efficiently managing inventory positions by strategically placing inventory into the proper channel or location to best serve customer demand. The inclusion of MID Retail’s solutions expand Logility’s supply chain suite to drive additional value for retail, wholesale distribution, and manufacturing customers to improve operational performance and deliver a comprehensive omni-channel customer experience. Logility Voyager Solutions now offers the complete breadth of retail supply chain planning from strategic planning and optimization right down to daily execution, and retail store-level replenishment and allocation with an end-to-end synchronized process.
- Organization: The MID Retail support, development, implementation, training and sales team are going to join Logility’s global organization and continue to focus on providing retail expertise to Logility customers.
- Customer base: MID Retail helped transform retail planning for industry leaders, including Abercrombie & Fitch, Anna’s Linens, Big Lots!, Bon-Ton, Finish Line, Orvis, Tuesday Morning, Urban Outfitters and Wet Seal. MID Retail customers benefit from increased research and development investment, and the customer service Logility is known for providing.
According to Mike Ruhana, co-founder and COO, MID Retail, “Today’s announcement enables us to develop and deliver more innovative supply chain solutions to our retail customers. There is synergy in our joint solution offering that allows retailers to plan more efficiently across strategic, tactical, and operational time horizons to ensure better in-stock performance and streamline omni-channel planning initiatives.”
View Partners Capital LLC acted as the exclusive financial advisor for MID Retail on this transaction.