HONEYWELL to acquire JDA SOFTWARE
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 | Stamps.com | ShipStation | $50 | Stamps.com 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. |
