American Software, Inc. Changes Name to Logility Supply Chain Solutions, Inc. and Updates NASDAQ Ticker Symbol to LGTY
October 01 2024 - 9:00AM
Business Wire
American Software, Inc., a leader in AI-first supply
chain planning software, is changing its name to Logility Supply
Chain Solutions, Inc. (Logility) to align its name with its brand,
which is recognized in the industry and around the world. On
October 2, the company's NASDAQ ticker symbol will also change from
AMSWA to LGTY, aligning with the new name.
As part of this evolution, the company’s shareholders approved a
reclassification of its dual-class share structure on August 20,
2024 from a dual-class capital structure to a single Class A common
stock. This move is a response to feedback from shareholders and
proxy advisory firms and is expected to attract a wider range of
investors.
“As we continue to innovate and lead in AI-first supply chain
solutions, we are excited to align the company name with the brand
for which we are globally recognized,” said Allan Dow, President
and CEO of Logility.
This strategic shift is part of a larger initiative aligned with
the company’s continued focus on its core competencies. Following
the divestiture of non-core assets and the recent acquisitions of
AI-powered demand forecasting and network optimization
capabilities, Logility is a SaaS leader in supply chain planning
and management solutions.
With decades of global supply chain management expertise and
experience, Logility is a trusted leader focused on leveraging its
history of pioneering supply chain advancements to advance an
AI-first strategy that is transforming both the company and the
industry. Logility is reimagining the future of supply chain
management with a vision that further positions the company as a
leader in next-generation technologies but also allows customers to
navigate complex global challenges with unprecedented accuracy and
efficiency.
About Logility
Logility is a market-leading provider of AI-first supply chain
management solutions engineered to help organizations build
sustainable digital supply chains that improve people’s lives and
the world we live in. The company’s approach is designed to
reimagine supply chain planning by shifting away from traditional
“what happened” processes to an AI-driven strategy that combines
the power of humans and machines to predict and be ready for what’s
coming. Logility’s fully integrated, end-to-end platform helps
clients know faster, turn uncertainty into opportunity, and
transform supply chain from a cost center to an engine for growth.
With over 600 clients in 80 countries, the company is headquartered
in Atlanta, GA. Learn more at www.logility.com.
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