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:
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)
“So in accepting the leading of the sentiments, it is not what we believe concerning the immortality of the soul, or the like, but the universal impulse to believe, that is the material circumstance, and is the principal fact in this history of the globe.”
—Ralph Waldo Emerson (1803–1882)
“History takes time.... History makes memory.”
—Gertrude Stein (1874–1946)