Sterling Commerce, a multi-enterprise collaboration company and wholly owned subsidiary of telecom giant SBC Communications Inc., has agreed to purchase Yantra Corp., a provider of distributed order management and supply chain fulfillment solutions, for approximately $170 million in cash. The transaction, expected to be complete by early first quarter 2005, is subject to regulatory review.
Sterling Commerce expects to retain all Yantra employees and operate the company as a new business division, headed by Devdutt Yellurkar, Yantra’s CEO. Yantra’s application suite will be incorporated into Sterling Commerce’s recently announced Multi-Enterprise Services Architecture (MESA). Sterling Commerce plans to offer the integrated set of composite applications both as a software solution and hosted service.
“With this acquisition, we expect to deliver our first suite of composite applications to support our multi-enterprise collaboration strategy,” says Sam Starr, president and CEO of Sterling Commerce. “The new product suite will help customers manage the end-to-end flow of orders, inventory, shipments and funds both inside and outside the organization, with real-time visibility into business processes and events. And, the combination of our capabilities will create new composite applications.”
Yantra was founded in 1995 as a privately owned spin-off of Infosys Technologies Ltd., which provides consulting and IT services to clients worldwide. Yantra is headquartered in Tewksbury, Mass., and employs more than 250 people. Yantra's Synchronized Fulfillment Solutions deliver real-time, intelligent execution between the customer, operations, partners and the supply chain. Yantra focuses on retail, wholesale distribution, logistics and manufacturing vertical industries.
With more than 29,000 customers worldwide, Sterling Commerce builds collaborative, multi-enterprise communities for customers in the retail, consumer packaged goods, manufacturing, financial services, healthcare and telecommunications industries.