Logility divests transportation rating segment to sharpen focus

  • American Software subsidiary Logility to sell transportation rating solutions business
  • Sale to FOG Software Group, a division of Vela Software
  • American Software aims to focus on core supply chain planning business
  • Transportation rating segment specializes in on-premise freight shipping solutions
  • Deal does not disclose financial terms

American Software subsidiary Logility has agreed to sell its transportation rating solutions business to FOG Software Group, a division of Vela Software. The software maker aims to sharpen its core supply chain planning business by divesting the transportation rating segment, which specializes in on-premise freight shipping solutions for truckload, less-than-truckload, and rail shipments within North America. The financial terms of the deal were not disclosed.

Factuality Level: 8
Factuality Justification: The article provides factual information about Logility selling its transportation rating solutions business to FOG Software Group. It mentions the aim of Logility to focus on its core supply chain planning business and the specialization of the transportation rating segment. However, it lacks specific details about the financial terms of the deal.
Noise Level: 8
Noise Justification: The article provides basic information about a business deal between Logility and FOG Software Group. However, it lacks in-depth analysis, evidence, and actionable insights. The article is short and does not explore any long-term trends or consequences of the deal. It also does not hold any powerful people accountable or provide scientific rigor. Overall, the article contains mostly filler content and does not provide much value to the reader.
Financial Relevance: Yes
Financial Markets Impacted: Logility, FOG Software Group, Vela Software
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: This news article pertains to a financial transaction between Logility and FOG Software Group, which impacts the companies involved.
Public Companies: American Software (Unknown), Logility (Unknown)
Private Companies: FOG Software Group,Vela Software
Key People:

Reported publicly: www.marketwatch.com