SBC subsidiary to acquire logistics software maker
Summary
Sterling Commerce is buying Boston-based Yantra for $170 million. Deal to be complete by March.
Topics
Sterling Commerce, an e-commerce subsidiary of SBC Communications, announced on Monday that it's agreed to acquire Boston-based software maker Yantra for $170 million in cash.
Yantra, which is privately held, makes business software that handles inventory and shipping logistics. The buyout gives Sterling, which specializes in electronic trading networks, additional e-commerce tools and services to offer more than 29,000 corporate clients, the company said. Sterling plans to retain all 250 Yantra employees and complete the deal by March.
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