Click Commerce Inc., a provider of collaborative extranet solutions, has acquired Optum Inc., a provider of on-demand supply chain execution solutions. Optum has more than 600 global deployments of its supply chain and warehouse management systems.
Optum’s solutions are designed to enable, coordinate and optimize business processes for the multi-tier supply chains of companies such as Avnet Electronics, Bausch & Lomb, Eagle Global Logistics, Home Shopping Network, Lucent, NCR and Pier 1 Imports. Optum’s solutions track product information generated from a retailer’s point of sale to a manufacturing warehouse or distribution center and distribute that data to the decision-makers who need it.
Click Commerce will issue approximately 1,500,000 shares of its common stock, assume approximately $4,500,000 of Optum indebtedness, and incur various transaction-related expenses. Based on Click Commerce’s current share price, the transaction is worth roughly $27.5 million. Part of Optum’s debt is due to its own recent acquisition of two rival supply chain execution vendors, WorldChain and V3 Systems.
The acquisition combines Click’s channel management portfolio and Optum’s supply chain fulfillment solutions, explains Michael Ferro Jr., chairman and CEO of Click Commerce. “We are particularly focused on extending Click’s role in the RFID space, which we see as the next frontier on the supply chain optimization landscape. The Optum acquisition is the latest step in our larger strategy to assemble products that improve supply chain and business process functionality.”
As part of that larger strategy, Click Commerce has also acquired substantially all of the operating assets of ChannelWave’s channel management and service automation solutions businesses. As part of this transaction, Click Commerce obtained the customers, technology and personnel associated with these businesses.
The move is seen as deepening Click Commerce’s reach into such verticals as financial services, high-tech and automotive manufacturing. The transaction is worth approximately $4.5 million.