Honeywell Spotlight



Financial Information

Approximate EV
$3 Billion

Honeywell seeks future growth in software enabled technology

  • Honeywell establishes itself as a hardware and software mega-business.
  • Hardware gets smarter with increased focus on software, from Honeywell thermostats to heavy industrial equipment.
    • Known for their aerospace and industrial systems, now >50% of Honeywell’s engineers focus solely on software.
  • Internet of Things (IoT) enabled software promises to drive value for Honeywell end customers.
  • JDA Software enables Honeywell to connect point of sale consumer purchase, mobile and retail, to the warehouse and manufacturing equipment at factory floor and raw materials purchase.


JDA’s Road to Growth

  • Backed by New Mountain Capital, JDA drove a series of acquisitions before its strategic exit


Date Buyer Target EV ($mm) Business Description
12/21/2012 New Mountain Capital / RedPrairie JDA Software $2,235.00 Supply Chain Management (SCM) Suite, Combined company kept name as JDA
08/13/2012 RedPrairie Vortex Connect Inc N/A Mobile Workforce Management
07/11/2012 RedPrairie Planora Inc N/A Planning and Scheduling Optimization
02/02/2011 RedPrairie Escalate Retail N/A E-commerce
02/30/2010 New Mountain Capital RedPrairie $1,900.00 Private Equity buy-out
01/28/2010 JDA Software i2 Technologies $532.00 SCM software
07/21/2006 RedPrairie BlueCube Software N/A Retail Solutions


Momentum in Supply Chain Software M&A

  • Driven by ever increasing shift to e-commerce and rapid adoption of Internet of Things (IoT) the Supply Chain Software has seen increased investment and M&A activity recently


Date Buyer Target EV ($mm) Transaction Comments
05/02/2016 Kewill LeanLogistics $115 Kewill acquired LeanLogistics to enhance their full-service SCM suite.
06/16/2016 ShipStation $50 acquired ShipStation, which online retailers and e-commerce merchants use to organize, process, and fulfill their orders.
06/28/2016 06/28/2016 Predictix N/A Infor acquired Predictix, a provider of cloud-native, predictive, and machine-learning solutions for retail.