i2 Technologies Inc. (Dallas), which develops supply chain management software, has acquired Blue Agave Software, Inc., a provider of software applications designed to help consumer goods suppliers understand, predict and respond to consumer demand at the store level.
In separate news, the company announced that it has initiated a search to replace CEO and President Michael McGrath, who is expected to retire by the end of 2007 when his contract expires. McGrath was appointed CEO on February 28, 2005.
"We have accomplished many strategic initiatives since I joined i2 more than two years ago, and as a result we are a much stronger company with exciting growth opportunities for our new-generation solutions," said McGrath. "I have stayed in the position a little longer than originally planned because I enjoyed working with a terrific group of i2ers and our passionate customers. I remain committed to i2 until the board of directors completes its search and my successor begins."