Oracle has announced that it agreed to buy G-Log, a privately held provider of logistics and transportation management software. The parties anticipate closing the transaction by the end of 2005, subject to certain regulatory approvals and other customary conditions. Financial details were not disclosed.
Globalisation, increasing fuel costs, outsourcing, increased security and regulation, and transportation capacity shortages are driving the need for sophisticated logistics and transportation applications. G-Log delivers a single platform to plan, optimise, execute, analyse, and react to every aspect of supply chain flow. By bringing together logistics processes, data, knowledge and analysis in a single business engine, G-Log's product allow companies to lower the total cost of ownership while giving them the ability to drive an integrated, information driven enterprise.
The acquisition of G-Log will allow Oracle to offer a comprehensive supply chain and logistics management solution through which companies can better manage their global supply chains, said Oracle Senior Vice President of Applications Development Rick Jewell. .With G-Logs proven transportation management platform and Oracles leading technology infrastructure, ERP and supply chain applications, customers will now have an integrated offering for the lean enterprise.
Over 50 percent of G-Logs customers have Oracle applications and after completion of the acquisition, it is expected customers will recognise immediate benefits from the combination. G-Logs customer base includes industry-leading shippers and logistics service providers such as Big Lots, Brown Shoe, DuPont, Exel, Family Dollar Stores, Giant Eagle, Halliburton, Kuehne & Nagel, Rohm and Haas, Tesco, Toll Solutions, UPM and Volvo.
By combining the talents and products of both organisations, Oracle will be better able to address evolving customer needs and effectively respond to industry trends that are driving the demand for complex logistics solutions, said G-Log Chief Executive Officer David Cairns.