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Wednesday, Jun 16, 2004

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Info-Tech - Mergers & Acquisitions


SSA completes Arzoon buy

Our Bureau

HYDERABAD: SSA Global, an enterprise solutions and services provider, has announced the completion of its acquisition of substantially all of the assets of Arzoon Inc, a provider of logistics and global trade management technology. However, financial terms of the transaction were not disclosed.

The President of SSA Global, Mr Mike Greenough, in a statement said, "The acquisition of Arzoon demonstrates our ongoing commitment to provide worldwide customers with increased value through extended solutions. The combination of SSA Global and the supply chain execution functionality from Arzoon is a natural fit. We share several customers in the manufacturing sector, including companies in the high-technology, consumer packaged goods, logistics and transportation industries."

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