Sterling Commerce Acquiring Yantra

B2B connectivity specialist adds supply chain fulfillment suite to extend execution, visibility and control capabilities

B2B connectivity specialist adds supply chain fulfillment suite to extend execution, visibility and control capabilities

Columbus, OH — January 3, 2005 — B2B connectivity specialist Sterling Commerce has agreed to purchase Yantra Corporation, a provider of distributed order management and supply chain fulfillment solutions, for approximately $170 million in cash.

The transaction, expected to be complete by early first quarter 2005, is subject to regulatory review. Sterling said it expects to retain all Yantra employees and to operate the company as a new business division, headed by Devdutt Yellurkar, Yantra CEO.

Yantra's application suite will be incorporated into Sterling Commerce's recently announced Multi-Enterprise Services Architecture (MESA). Both MESA and Yantra are built on standards-based technology platforms intended to extend the value of service-oriented architectures outside the enterprise. Sterling Commerce plans to offer the integrated set of composite applications both as a software solution and hosted service.

"With this acquisition, we expect to deliver our first suite of composite applications to support our multi-enterprise collaboration strategy," said Sam Starr, president and CEO of Sterling. "The new product suite will help customers manage the end-to-end flow of orders, inventory, shipments and funds both inside and outside the organization, with real-time visibility into business processes and events. And, the combination of our capabilities will create new composite applications."

Starr said that enterprises are looking for a way to remove the integration, collaboration and visibility barriers associated with multiple channels, multiple divisions and multi-tiered supply chains. He suggested that the combination of Sterling Commerce and Yantra's solutions will remove those barriers, offer better control of distributed supply chain processes across complex environments and allow companies to increase revenue and operate more efficiently.

Yantra was founded in 1995 as a privately owned spin-off of Infosys Technologies, which provides consulting and IT services. Yantra is headquartered in Tewksbury, Mass., a suburb of Boston. The company employs more than 250 people.

"The Yantra applications were purpose-built to pull together the dynamic and complex processes associated with warehousing, distributed order management, supply chain visibility and product information management," said Yellurkar. "When coupled with Sterling Commerce's services-oriented architecture that was built for data synchronization and collaboration outside the firewall, the new combined supply chain solutions will offer users the best fulfillment and event management functionality in the industry."