Key Developments For American Software, Inc.
American Software, Inc. (AMSWA.O) (Nasdaq)
American Software, Inc.'s Board Approves Quarterly Cash Dividend
American Software, Inc. announced that its Board of Directors has approved the Company's quarterly dividend of $0.09 per share. The Company's regular quarterly cash dividend of $0.09 per share of American Software common stock is payable on March 5, 2010 to shareholders of record at the close of business on February 19, 2010.
Cache Chooses American Software, Inc.'s NGC For PLM And Global Sourcing
NGC (New Generation Computing) a wholly owned subsidiary of American Software, Inc., announced that Cache, has selected NGC's e-PLM and e-SPS software. Cache will implement NGC's PLM and global sourcing solution as its strategic platform to improve speed to market, collaboration and efficiency throughout the retailer's product development and production process. NGC's web-based software provides Cache with an end-to-end solution that encompasses the retailer's entire product lifecycle -- including assortment planning; financial line planning; costing and pre-production; management of purchase orders and Work in Progress; and quality control. NGC's software also includes raw materials management, which will allow Cache to closely manage the purchase and usage of all raw material inventories located around the world.
American Software, Inc. Approves Quarterly Cash Dividend
American Software, Inc. announced that its Board of Directors has approved the Company's quarterly dividend of $0.09 per share. The Company's regular quarterly cash dividend of $0.09 per share of American Software common stock is payable on December 1, 2009 to shareholders of record at the close of business on November 19, 2009.
American Software, Inc. Completes Acquisition of Logility
American Software, Inc. announced that it has acquired Logility, Inc. pursuant to a Plan of Merger dated July 6, 2009. American Software previously completed a tender offer, which expired on June 29, 2009, for all the outstanding common stock of Logility not currently owned by American Software. After completion of the tender offer, American Software owned 12,804,866 shares, or 96.7% of the outstanding shares of Logility common stock. Pursuant to the Plan of Merger, Logility was merged with and into a wholly-owned subsidiary of American Software, each of the issued and outstanding shares of common stock of Logility was converted into the right to receive $7.02 per share, without interest, and the wholly owned subsidiary amended its Articles of Incorporation to change its name to Logility, Inc. American Software will promptly cause the shares of Logility's common stock to be delisted from the NASDAQ Global Market.
Billabong Selects American Software, Inc.'s NGC For PLM And Global Sourcing
NGC (New Generation Computing) announced that Billabong has selected NGC's e-PLM for Product Lifecycle Management and e-SPS for Global Sourcing and Visibility. NGC's software will be implemented worldwide as a strategic PLM and global sourcing solution for Billabong across all of the company's regions and brands. NGC is a wholly owned subsidiary of American Software Inc.
