American Software, Inc. Announces Divestment Of The Proven Method Business Unit; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
American Software, Inc. (NASDAQ:AMSWA) has announced the sale of its IT consulting firm, The Proven Method, to Marathon TS, Inc. The divestment is part of American Software's strategy to focus on its core supply chain planning business, allowing its operating entity, Logility, to expand its AI-first supply chain management platform.
September 19, 2023 | 6:56 pm
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The sale of The Proven Method allows American Software to focus on its core business, potentially leading to growth in its supply chain planning business.
The divestment of The Proven Method allows American Software to concentrate resources on its core business. This could lead to improved performance and growth in its supply chain planning business, potentially positively impacting its stock price.
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