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i2 completes RightWorks takeover

i2 Technologies has completed its acquisition of RightWorks, furthering the software company's push to include collaborative e-commerce technology in its product portfolio. Under the terms of the agreement, a total of 5.35 million shares of i2's common stock, worth about $34.5 million, was exchanged for all of the outstanding capital stock of RightWorks, as well as the company's debt owed to investors. The deal had an estimated worth of about $114 million when it was announced in March. With RightWorks, i2 will provide software that allows companies and business-to-business marketplaces to manage spending across purchasing partners, Dallas-based i2 said on Wednesday. RightWorks software will be added to i2's Supplier Relationship Management (SRM) product line.

    i2 Technologies has completed its acquisition of RightWorks, furthering the software company's push to include collaborative e-commerce technology in its product portfolio.

    Under the terms of the agreement, a total of 5.35 million shares of i2's common stock, worth about $34.5 million, was exchanged for all of the outstanding capital stock of RightWorks, as well as the company's debt owed to investors. The deal had an estimated worth of about $114 million when it was announced in March. With RightWorks, i2 will provide software that allows companies and business-to-business marketplaces to manage spending across purchasing partners, Dallas-based i2 said on Wednesday. RightWorks software will be added to i2's Supplier Relationship Management (SRM) product line.