JDA Software Group Inc. has completed the acquisition of supply chain software provider i2 Technologies Inc. in a transaction valued at approximately $604 million, or $19.79 per common share. By finalizing the acquisition, JDA will gain i2’s 400-plus customers as well as its patented manufacturing, supply chain, retail and transportation solutions. Together, the combined company’s customer base comprises more than 6,000 companies worldwide in the discrete and process manufacturing, wholesale distribution, transportation, retail and services industries.

Near-term synergies in operations, administrative functions and infrastructure costs are expected to produce annual savings of approximately $20 million, according to Hamish Brewer, JDA’s CEO. “We anticipate that the acquisition will significantly improve operational leverage and produce strong financial results going forward,” he says.

As part of the acquisition, former i2 executives Aditya Srivastava and Kelly Thomas will join JDA’s executive and senior management team. Srivastava is the combined company’s senior vice president and chief technology officer and Thomas is senior vice president, manufacturing. JDA has also promoted Namita Dhallan to chief product officer and Salil Joshi to regional vice president of JDA’s Center of Excellence in India.