AMSWA - Mergers and acquisitions

Combination of Generative AI and Machine Learning Insights Delivers New Supply Chain Planning Paradigm Logility, Inc., a leader in prescriptive supply chain planning solutions, announced it signed a definitive agreement to acquire Garvis, a visionary SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting, earlier this month. The combined organization will enable a new supply chain planning paradigm with DemandAI+ that moves beyond conventional methods to plan demand and inventory at the speed of the market. Instead of relying on traditional models, Garvis designed from the ground up an AI-first forecasting solution now called DemandAI+. Fusing Gener

Combination of Generative AI and Machine Learning Insights Delivers New Supply Chain Planning Paradigm ATLANTA, Sept. 7, 2023 /PRNewswire/ -- Logility, Inc., a leader in prescriptive supply chain planning solutions, today announced it has signed a definitive agreement to acquire Garvis, a visionary SaaS startup that combines large language models (ChatGPT) with AI-native demand forecasting. The combined organization will enable a new supply chain planning paradigm with DemandAI+ that moves beyond conventional methods to plan demand and inventory at the speed of the market. Ins

Solid Start to Fiscal 2023 Highlighted by Continued Strong Growth in Subscription Fees of 23% and Adjusted EBITDA Margin of 15% American Software, Inc. (NASDAQ:AMSWA) today reported preliminary financial results for the first quarter of fiscal year 2023. Key First Quarter Financial Highlights: Subscription fees were $12.1 million for the quarter ended July 31, 2022, a 23% increase compared to $9.8 million for the same period last year, and software license revenues were $0.3 million compared to $0.5 million for the same period last year. Total revenues for the quarter ended July 31, 2022 increased 7% to $31.3 million, compared to $29.3 million for the same period of the prior year.