History
Sanjiv Sidhu claims to have arrived independently at the same conclusions as cognitive psychologist George A. Miller regarding the number of elements that one can process effectively at any given time. His official biography states:
- Based on his observation that even the smartest people can juggle no more than nine variables when making decisions, he proposed a design for computer software based on artificial intelligence and advanced simulation techniques.
The company grew rapidly during the 90's to reach its zenith at the height of the Internet market in 2000, when it crossed the $1B revenue mark. Rapidly falling revenues followed from 2002 to 2005, when the company hired Michael McGrath of PRTM to be its CEO after an extensive search. Under Mr. McGrath's leadership the company was able to stabilize and reach profitability until mid-2007. At that time Mr McGrath was replaced by Dr. Pallab Chatterjee, who held the position of Interim CEO until being formally named CEO in May, 2008. Jack Wilson is current CEO who took over from Dr. Pallab Chatterjee.
Factors in the shrinking of the company include the bursting of the Internet bubble and also the strategic competition from SAP. Concerning the latter, SAP, moving from an initial position of partnership with i2, decided in the late 1990s to compete directly with supply chain companies (i2 being the most prominent); its supply-chain solution, initially called APO, had the advantage of being integrated with the rest its ERP solution: in the domain of the large multinational clients, the twin arguments of total integration and single-vendor sourcing proved decisive.
On August 11, 2008, a merger agreement was announced for JDA Software to acquire i2 Technologies for an enterprise value of approximately $346 million in cash, but this was called off on December 4 of the same year. But JDA Software Inc. came back again for a merger and acquired i2 Technologies on January 28, 2010.
On November 1, 2012, RedPrairie agreed to acquire the JDA Software Group for $1.9 billion in cash.
Read more about this topic: I2 Technologies
Famous quotes containing the word history:
“Man watches his history on the screen with apathy and an occasional passing flicker of horror or indignation.”
—Conor Cruise O’Brien (b. 1917)
“I saw the Arab map.
It resembled a mare shuffling on,
dragging its history like saddlebags,
nearing its tomb and the pitch of hell.”
—Adonis [Ali Ahmed Said] (b. 1930)
“When the landscape buckles and jerks around, when a dust column of debris rises from the collapse of a block of buildings on bodies that could have been your own, when the staves of history fall awry and the barrel of time bursts apart, some turn to prayer, some to poetry: words in the memory, a stained book carried close to the body, the notebook scribbled by hand—a center of gravity.”
—Adrienne Rich (b. 1929)