Phoenix-based JDA, a maker of business process automation software for the retail industry, is paying $44 million for Ann Arbor, Michigan-based Comshare's merchandise management applications.
Comshare is refocusing its efforts on its core financial analysis tools. While the company has turned a small profit the past two quarters, it posted dismal numbers the year prior. Profits the third quarter ended March 31 were $100,000 compared to losses of $6.2 million the like quarter a year earlier. As a result, Comshare began restructuring which included jettisoning a product line, namely the retail management tools.
That's good news for JDA which can now add Comshare's Arthur line of decision support tools to its enterprise resource planning system for retailers. The Arthur package includes software for monitoring sales performance, planning strategy, assortment planning for targeting different customers with different products, allocating products, and organizing data within an application.