JDA Software Group makes software that helps companies manage their supply chains. It offers integrated supply chain planning and execution software, as well as a comprehensive set of services to help companies manage everything from raw materials to delivery of finished products. Its services include cloud, consulting, education, and support. JDA Software Group serves a wide variety of industries and companies of all sizes, with a particular focus on retail companies like Dr Pepper Snapple Group, Kraft Foods, and OfficeMax. Manufacturers, distributors, and logistics service providers are also among its customer base. In December 2012 JDA Software Group was acquired by RedPrairie in a $1.9 billion deal.
Change in Company Type
The deal merged two providers of supply chain software into a new industry leader -- operating under the JDA Software banner -- that is better equipped to battle giants Oracle and SAP. Prior to their merger, there was not a lot of overlap to their businesses; JDA Software Group focused on merchandising and product pricing, while RedPrairie ran warehousing, store operations, and e-commerce businesses. Together, they brought complementary product suites to the table. JDA Software Group ceased trading on the NASDAQ at the end of 2012 and is now controlled by private equity firm New Mountain Capital, which had acquired RedPrairie in 2010.
Prior to the merger with RedPrairie, JDA Software Group announced in April 2012 that it would restate its financials for fiscal years 2008 to 2011. The SEC initiated an investigation related to revenue recognition policies for those years, and an internal review determined that revisions needed to be made for each of the periods affected. The company is adjusting software license revenue for certain transactions that were linked to services agreements. JDA Software Group concluded that none of its financial statements and earnings releases for 2010 through early 2012 should be relied upon. – less