Scottsdale, AZ — May 5, 2003 — Retail demand chain solution provider JDA Software Group has acquired the intellectual property assets of Vista Software Solutions, a provider of collaborative commerce solutions for the retail and consumer goods industry.
JDA said that Vista's software solutions enable retailers and consumer goods manufacturers to more efficiently synchronize and integrate data, including product descriptions, product images, pricing and promotion information, throughout their supply and demand chains.
Vista's solutions also enable manufacturers to more effectively manage trade promotions, forecasting, funds management, settlements and deduction elimination, according to JDA.
Vista's product suite includes VistaCPG, a Web-based trade funds management solution; VistaSupply, which supports data synchronization for consumer goods manufacturers; and VistaRetail, which allows retailers to receive and respond to product and promotion information from suppliers based on subscriptions managed in the VistaRetail application.
JDA said that VistaSupply and VistaRetail will fit within JDA's Portfolio Registry, which serves as a single point of entry for master or reference file data to securely maintain and eliminate inaccuracies in product, organization, vendor and calendar data used by a company's different technology systems.
"Portfolio Collaborative Solutions are the fastest growing part of our business, and the Vista asset purchase enables us to further capitalize on this burgeoning market," said JDA CEO Jim Armstrong.
Verian's data synchronization customers including retailers Meijer Inc. and Shaw's Supermarkets, and its customers for trade and promotion management products included such companies as SC Johnson, H.J. Heinz, J.M. Smucker Co., Dannon, Solo Cups and McCormick & Co.
The total purchase price was $4.3 million cash. Total revenues at Vista for the 12 months ending March 31 were $4.3 million, including $1.4 million in software revenues.
JDA has extended employment offers to about 20 former Vista Software sales, product management, development, services and support associates. JDA will relocate the former Vista Associates to its offices in Chicago and Scottsdale.