Logility agrees deal to buy advanced analytics and machine learning firm Halo
Supply chain optimisation specialist Logility, Inc. has announced the acquisition of privately-held Halo Business Intelligence, which specialises in advanced analytics and business intelligence solutions for the supply chain market.
In a release, Logility said that as supply chains transition towards a digital era driven by algorithmic planning and machine learning, companies need a single, integrated platform to simplify the growing complexity and abundance of both structured and unstructured data available.
“Halo’s advanced analytics deliver interactive visibility to help customers make quicker, smarter fact-based decisions,” it added.
“The combination of the Logility planning and optimisation portfolio including the award-winning Logility Voyager Solutions, Demand Solutions and NGC Andromeda platforms, with Halo’s advanced analytics capabilities will enable businesses to move away from emotion-based projections to predictive and prescriptive analytics to increase visibility and accelerate decision-making across the entire supply chain network from raw materials sourcing to omni-channel delivery.”
Halo’s advanced analytics will be embedded into the Logility Voyager Solutions advanced analytics platform, with analytics leveraged against interactive visualisation, machine learning algorithms, and artificial intelligence (AI) to transform both structured and unstructured data to accelerate business planning performance and proactively identify new business opportunities or mitigate risks.
Customers on the Demand Solutions and Andromeda platforms will be able to add pre-packaged Halo advanced analytics capabilities to their subscriptions to drive quick insights and appropriate actions for their businesses. In addition, Logility will continue to offer Halo standalone to complement other enterprise systems.
“Supply chains are powerful interconnected ecosystems that contain enormous amounts of usable data that is left untapped by most companies,” said Allan Dow, president, Logility.
“Adding Halo to Logility’s solution portfolio allows us to accelerate and extend our advanced analytics and supply chain master data management capabilities to generate actionable insights for our customers.
“The combined expertise in analytics, artificial intelligence and machine learning enhances our capability to visualise the right information when and where our customers need to take action, reduce costs, improve customer service and drive more profitable growth for their businesses.”
Keith Peterson, Ph.D., president and CEO, Halo Business Intelligence, said: “There are tremendous synergies in our shared focus on planning innovation, visualisation and customer service.
“We now have the ability to tap into Logility’s more than 40 years of supply chain optimisation and retail planning expertise to accelerate the delivery of Halo advanced analytics technology to serve more customers.”