ILOG, a supply chain software vendor with headquarters in Paris and Mountain View, Calif., has announced plans to acquire LogicTools, a Chicago-based provider of supply-chain planning software for $15 million. Expected to be complete by April 2007, the acquisition will add LogicTools’ 200 customers to ILOG’s customer base. In addition, ILOG will acquire LogicTools’ intellectual property, allowing the company to offer products that complement its planning and scheduling applications. An ILOG independent software vendor partner, LogicTools has used ILOG’s optimization technology in its products for more than five years.
“The complexity and risks in the supply chain market have increased over time, requiring advanced decision support tools. The acquisition of LogicTools underscores our commitment to address the new challenges faced by global supply chains, and positions us to become a leading provider of supply chain analytics applications,” said ILOG chairman and CEO, Pierre Haren. “I know LogicTools well, and have the highest esteem for its technology and employees. Strong technical and sales synergies exist between our organizations.”
Founded in 1995 by David Simchi-Levi, professor of engineering systems at MIT, LogicTools provides strategic and tactical supply chain optimization applications to help managers make a wide range of supply chain decisions. Founded in 1987, ILOG employs more than 775 people worldwide.