PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: JDA Software Group, Inc. | DiCentral

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

JDA Completes Previously Announced $575 Million Equity Investment from Blackstone and New Mountain Capital - JDA Software Group Inc. announced that it has completed its previously announced agreement with funds affiliated with Blackstone and funds affiliated with New Mountain Capital to recapitalize the company through a $575 million equity investment [NYSE: BX]
JDA Completes Previously Announced $575 Million Equity Investment from Blackstone and New Mountain Capital

 

NewswireToday - /newswire/ - Scottsdale, AZ, United States, 2016/10/13 - JDA Software Group Inc. announced that it has completed its previously announced agreement with funds affiliated with Blackstone and funds affiliated with New Mountain Capital to recapitalize the company through a $575 million equity investment [NYSE: BX].

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

JDA Software Group, Inc. today announced that it has completed its previously announced agreement with funds affiliated with Blackstone (NYSE: BX) and funds affiliated with New Mountain Capital to recapitalize the company through a $575 million equity investment. Concurrently with the equity investment, JDA also refinanced its indebtedness. The strategic recapitalization and the refinancing transactions reduce JDA’s total debt by approximately $500 million and lower the company’s cash interest charges by nearly $80 million per year. The new capital structure is expected to enable JDA to accelerate its product innovation and growth plans to deliver next generation cloud-based solutions and to fuel current product development and enhancement opportunities.

“This investment is a reflection of the highly attractive growth prospects for JDA and our unique ability to help customers tackle the opportunities and challenges presented by a rapidly-evolving supply chain and omni-channel retail landscape,” said Bal Dail, Chairman and Chief Executive Officer, JDA. “We are thrilled to partner with our world-class investors to further accelerate JDA’s significant business momentum and pace of innovation.”

About Blackstone
Blackstone (blackstone.com) is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $350 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.

About New Mountain Capital
New Mountain Capital (newmountaincapital.com) is a New York based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with over $15 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.

About JDA Software Group, Inc.
JDA Software (jda.com) is the leading provider of seamless supply chain planning and execution solutions for retailers, manufacturers, logistics providers and wholesale distributors. Our unmatched solution portfolio enables our clients to reduce costs, increase profitability and improve visibility so they can deliver on customer promises every time. More than 4,000 global customers run JDA, including 78 of the top 100 retailers, 78 of the top 100 consumer goods companies, and 8 of the top 10 3PLs. With JDA, you can plan to deliver.

“JDA” is a trademark or registered trademark of JDA Software Group, Inc. Any trade, product or service name referenced in this document using the name “JDA” is a trademark and/or property of JDA Software Group, Inc.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, all statements that do not relate solely to historical or current facts. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words.

Such forward-looking statements are subject to various risks and uncertainties that could cause actual future results to differ materially from those expressed in any forward-looking statements.

Any forward-looking statement speaks only as of the time of this release and we do not undertake to update or revise them as more information becomes available or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement, except as required by law.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: JDA Software Group, Inc. | DiCentral

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


JDA Completes Previously Announced $575 Million Equity Investment from Blackstone and New Mountain Capital

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

JDA Software Group, Inc. | Blackstone
Publisher Contact: Press Office - JDA.com 
info[.]jda.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any JDA Software Group, Inc. | DiCentral securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From JDA Software Group, Inc. | DiCentral / Company Profile


Read Software Most Recent Related Newswires:

Umbra, VM Backup Appliance Based on NAKIVO Backup & Replication, Generates Business for Integrative
PTC Achieves AWS IoT Competency Status
SpringCM Chooses Xactly to Increase Data Accuracy and Enhance Sales Compensation Strategy
Canadian Long Term Care Provider Selects Yardi Senior Living Software
Kentico Releases its Most Enterprise-Ready Solution Yet
OneLogin Delivers First-Ever Multi-Environment AWS User Resource Provisioning
Mahindra and IBM to Develop Blockchain Solution for Supply Chain Finance
Toyota Motor Corporation Approves Mentor Graphics Volcano™ VSTAR AUTOSAR Stack for Deployment in Toyota Vehicles
Wiley Launches New Spectra Lab Applications to Help Scientists Manage Analytical Data
Earthlite Drastically Simplifies and Expedites Accounts Receivable Analysis with Datawatch Monarch
American Airlines Selects IBM as its Cloud Provide
Solenis Chooses OpenText to Digitize and Manage its Global B2B Supply Chain
TIBCO Jaspersoft for Docker Offering Enables Agile Development and DevOps Excellence
Pegasystems Introduces New Connectors to Enable Rapid Exchange of Electronic Health Records for Better Patient Care
Mentor Graphics FloEFD Computational Fluid Dynamics (CFD) Technology Attributed to NASCAR Championship Win

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)