Tempe, Arizona-based Distributed Architects (DAI) has 110 employees, revenues of about $13.5 million in 1998, and more than 100 customers.
Through the deal, Columbus, Ohio-based Symix intends to swap up to 610,000 shares of its stock in exchange for all outstanding shares of Symex. The deal, subject to regulatory and DAI stockholder approval, is expected to close within 90 days, Symix executives said.
Symix specializes in business automation systems for distinct industrial-sector manufacturers. Its flagship SyteLine product is for makers of industrial products, such as industrial equipment, fabricated metals, furniture and fixtures, industrial electronics, and containers and packaging.
With Distributed Architects, Symix is expected to expand its product line and its reach into distributed markets. Distributed Architects product suite, called Visible Results, includes supply chain planning, supply chain execution, inventory/warehouse management, financial management, and e-business software.
Both Symix and DAI products are built using Microsoft tools. DAI's e-business product suite is built with Microsoft commerce platform components. Symix launched its new enterprise management application suite for consumer-oriented manufacturers, SyteCentre, at Microsoft's recent Windows DNA for Manufacturing conference in Seattle.