Optiant assets bought for $3.3M

By Mass High Tech staff

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Certain assets of Burlington supply chain software maker Optiant Inc. have been acquired by Atlanta-based Logility Inc., another supply chain solutions firm, for about $3.3 million in cash.

The newly acquired Optiant assets include solutions to identify supply chain network interdependencies, lower inventory costs, shorten lead times and evaluate sourcing alternatives. Its solutions are intended for the consumer goods, life sciences and high-tech manufacturing industries.

As part of the acquisition deal, Optiant sales, support and development employees will join Logility for its Logility Voyager Solutions suite.

Optiant was founded in 2000, after being featured in the MIT $50K Competition and receiving $7 million from Battery Ventures in its first round of funding. Other investors in the company include LogiSpring, Castile Ventures and Battery Ventures. The company has applied its supply chain solutions to such companies as Black & Decker, Procter & Gamble, Hewlett-Packard, Kraft, Nestle and Boston Scientific Corp.

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