Blog Type: Press Release

Enhanced network optimization delivers a more holistic view by solving for the best supply chain configuration while simultaneously calculating inventory levels

ATLANTA, April 16, 2024 — Logility, Inc., a leader in AI-first supply chain planning solutions, today announced dynamic inventory modeling capabilities as a new function of its cloud-based (SaaS) Logility® Digital Supply Chain Platform. Developed to better manage inventory costs, which are the second highest logistics costs after freight, as well as complex inventory-related issues, dynamic inventory modeling features a wealth of inputs not included in classic network optimization models. With this new capability, network optimization can solve for the optimal network configuration while accounting for inventory related costs and storage capacity constraints.

The Logility® Digital Supply Chain Platform leverages artificial intelligence (AI), machine learning (ML) and automation to routinely sense, analyze, and update activity in the digital supply chain, helping to ensure peak operational performance at all times. By considering inventory alongside network decisions, business leaders gain a more holistic view of their supply chain with a more optimized network design that accounts for the impact of inventory flows across the entire supply chain.

Dynamic inventory modeling provides faster reasonable answers without iterative processing, by creating “curve fit” solutions without compromising accuracy. 

“We continue to see growing industry demand for improved cost transparency and overall supply chain inventory optimization. Inventory remains a massive cost area for most supply chain organizations and inventory pricing models are often complex, costly, and inefficient,” said Kevin McInturff, Logility Chief Technology Officer. “We’re meeting the needs of today’s supply chain leaders by providing a more holistic view of their inventory for faster, more informed decision making and network optimization by providing a more comprehensive, cost-effective solution.” 

To learn more about network optimization and our Digital Supply Chain Platform, please visit https://www.logility.com/solutions/network-optimization/network-optimization/

About Logility

Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 650 clients in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the company means Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Planned Reclassification Simplifies Equity Capital Structure and Improves Corporate Governance

ATLANTA – April 11, 2024 –American Software, Inc. (NASDAQ: AMSWA) (“American Software” or the “Company”), a leading provider of innovative AI-powered supply chain planning software, today announced it has entered into an agreement (the “Reclassification Agreement”) with James C. Edenfield (the “Class B Shareholder”), the sole, beneficial owner of all of the issued and outstanding shares of the Company’s Class B Common Stock, par value $0.10 per share (the “Class B Common Stock”). Under the terms of the Reclassification Agreement, the Company’s Class B Common Stock will be eliminated subject to receipt of shareholder approval (the “Reclassification Transaction”). The Company’s Board of Directors has approved and will recommend that the shareholders approve certain amendments to the Company’s Amended and Restated Articles of Incorporation (the “Second Amended and Restated Articles”) to effectuate the Reclassification Transaction at the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”).

Under the terms of the Reclassification Agreement, each outstanding share of the Company’s Class B Common Stock will be exchanged for 1.2 shares of the Company’s Class A Common Stock, par value $0.10 per share (“Class A Common Stock”).

The Reclassification Transaction follows the Board of Directors’ previously announced review of financial and capital structural alternatives to create shareholder value and enhance the Company’s corporate governance practices. 

”We believe the elimination of the dual class structure will enhance long-term value for all shareholders by aligning voting rights with economic interests,” said Allan Dow, CEO and President of American Software. “Simplifying our capital structure also improves our corporate governance and broadens our appeal to investors.”

The closing of the Reclassification Transaction is subject to approval by the affirmative vote of the holders of (i) a majority of the issued and outstanding shares of Class A Common Stock and Class B Common Stock entitled to vote, voting together as a single class, and (b) a majority of the issued and outstanding shares of Class A Common Stock held by the Unaffiliated Common Shareholders (as defined in the Reclassification Agreement). Under the terms of the Reclassification Agreement, the Class B Shareholder has agreed to vote to approve the Reclassification Transaction at the Annual Meeting.

The Company will be seeking shareholder approval of the Reclassification Transaction and the Second Amended and Restated Articles at its Annual Meeting.

Houlihan Lokey Capital, Inc. acted as financial advisor to the Company, and Baker, Donelson, Bearman, Caldwell & Berkowitz, PC acted as legal advisor to the Company.

About American Software

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers prescriptive demand, inventory, manufacturing, and supply planning tools – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains.

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an independent global value-added reseller distribution network.

Our engineered approach drives team alignment for over 650 customers in 80 countries with prioritized, value-focused outcomes. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity of American Software, Inc. (NASDAQ: AMSWA). You can learn more about American Software at www.amsoftware.com or by calling (404) 364-7615 or email kliu@amsoftware.com.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to satisfy in a timely manner all SEC required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. The words “will”, “may”, “believes”, “anticipates”, “thinks”, “expects”, “estimates”, “plans”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. In addition, any statements which refer to expectations, projections or other characterizations of future events or circumstances, statements involving a discussion of strategy, plans or intentions, statements about management’s assumptions, projections or predictions of future events or market outlook and any other statement other than a statement of present or historical fact are forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. In addition, new risks may emerge from time to time and it is not possible for management to predict such risks or to assess the impact of such risks on our business or financial results. Accordingly, future results may differ materially from historical results or from those discussed or implied by these forward-looking statements. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking statements.

These risks and uncertainties include, but are not limited to, the following: the Reclassification Transaction proposal, including projections as to the anticipated benefits of the proposed Reclassification Transaction, the impact of the proposed Reclassification Transaction on the Company’s business and future financial and operating results and capital structure following the closing of the proposed Reclassification Transaction and the closing date for the proposed transaction, are based on management’s estimates, assumptions and projections, and are subject to significant uncertainties and other factors, many of which are beyond the Company’s control. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included elsewhere. Additional information concerning risks that could cause actual future performance or events to differ from current expectations are described under “Risk Factors” in our Annual and Quarterly Reports on Forms 10-K and 10-Q, respectively, and in the other reports and documents that we file with the United States Securities and Exchange Commission. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.

IMPORTANT ADDITIONAL INFORMATION

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Company intends to file a proxy statement with the SEC in connection with the solicitation of proxies for the Annual Meeting. Any definitive proxy statement will be made available to the Company’s shareholders. THE COMPANY’S SHAREHOLDERS ARE URGED TO READ ANY PROXY STATEMENT AND OTHER RELEVANT MATERIALS IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. These and other SEC filings made by the Company may be obtained (when available) without charge at the SEC’s website at www.sec.gov and at the investor relations section of the Company’s website at www.amsoftware.com/investor-relations/. In addition, investors and security holders will be able to obtain free copies of these documents from the Company by directing a request to Investor Relations, 470 E. Paces Ferry Rd., Atlanta, GA, 30305.

PARTICIPANTS IN THE SOLICITATION

The directors and executive officers of the Company and other persons may be considered participants in the solicitation of proxies from shareholders in connection with the proposed Reclassification Transaction. Information regarding the Company’s directors and executive officers is available in the Company’s most recent proxy statement for the 2023 Annual Meeting of Shareholders held on August 22, 2023, which was filed with the SEC on July 27, 2023, and the Company’s other filings with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the proxy statement for the Annual Meeting when it becomes available.

Investor Contact:

Kevin Liu

kliu@amsoftware.com

(626) 424-1535

Dow and Ngabire have committed their time and talents to positively influence the supply chain profession.

ATLANTA – March 11, 2024 – Logility, Inc., the leader in AI-first supply chain planning software, announced Logility employees, VP of Business Development, Diane Ngabire and President, Allan Dow, were named as winners of this year’s Pros to Know award. This award recognizes outstanding executives whose accomplishments offer a roadmap for other supply chain leaders looking for competitive advantages.

Diane Ngabire, Logility, Rising Star

Named within the Rising Star category, Ngabire has learned to adapt quickly to the changing workforce in the industry through her diverse experiences. Having been through eight mergers and acquisitions during her career, she has had to integrate teams, restructure workflows, and assess her business development plans to support the change in business structure. She also ensures that those around her are successful by sharing her expertise with them and removing roadblocks for her team. It is her drive and passion to lift her team and provide them with the right tools that continues to promote business development success wherever she goes.

“The opportunity to build and nurture teams that positively impact the supply chain industry and help grow the business has been incremental to my success. I am inspired and influenced daily by the experts around me and seeing my team meet and exceed their goals,” says Ngabire. “I am humbled to be named among these other great Pros to Know.”

Ngabire is a Pro to Know not only for her supply chain expertise but for her commitment to building a better world. Ngabire is the cofounder of Code4dev Foundation, a non-profit organization that promotes computer literacy, inspires innovation, and bridges the digital divide by providing computers and supply chain education to students in Burundi, Africa. The aim to change the future of young entrepreneurs, early-career professionals, and school students in Burundi by providing access to technology, educational resources, and training programs that empower individuals to thrive in the digital era.

“Many of today’s supply chain pros are more than just leaders within their space; they’re innovators, decision makers, pioneers of change and growth. They’ve spent the last year (and more) creating safer, more efficient supply chains,” says Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive. 

Allan Dow, Logility, Lifetime Achievement

Dow, a repeat Pros to Know award recipient, and Lifetime Achievement category winner is focused on educating the investment community, industry stakeholders, prospective and existing Logility clients on the power of artificial intelligence throughout their supply chain. Dow has also been helping the industry embrace how artificial intelligence is changing the role of planners and analysts. These valuable supply chain experts will not be replaced by AI but have roles augmented by systems that learn and recommend; and will engage with new team members who understand how to embrace and leverage AI. 

Under Dow’s direction, Logility is focusing on putting transformational technology such as Generative AI into the hands of the supply chain community — moving from buzzwords to decision intelligence, allowing organizations to respond faster, enrich business growth, and improve performance.

“This year, it’s not about ‘back to normal,’ it’s about leapfrogging ‘normal’ with AI-powered visibility and responsiveness. We’re putting data-driven decision-making at the fingertips of everyone across an organization,” says Dow. “Our clients can take market insights and translate them into executable demand strategies creating a competitive advantage that lets them gain market share while managing through turbulent times.”

Ngabire, Dow, and the entire Logility team are committed to continuing to positively influence the supply chain industry.

Recipients of this year’s award will be profiled in Supply & Demand Chain Executive’s March2024 issue, which will be distributed at MODEX 2024 and at www.SDCExec.com.

Go to https://sdce.me/9nuat3bs to view the full list of winners. Go to www.SDCExec.com/awards to learn more about other Supply & Demand Chain Executive awards.

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Supply & Demand Chain Executive and its sister publication, Food Logistics, also operate SCN Summit and the Women in Supply Chain Forum. Go to www.SDCExec.com to learn more.

About IRONMARKETS 

IRONMARKETS, formerly known as AC Business Media, is a leading business-to-business media and buyer engagement platform with a portfolio of renowned brands in heavy construction, asphalt, concrete, paving, rental, sustainability, landscape, manufacturing, logistics, and supply chain markets. IRONMARKETS delivers relevant, cutting-edge content to its audiences through its industry-leading digital properties, trade shows, conferences, videos, magazines, webinars, and newsletters. It also provides advertisers the analytics, data, and ability to reach their target audience. Learn more at https://www.iron.markets.

About Logility
Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform leverages Generative AI, advanced AI-driven algorithms, and machine learning to help deliver integrated planning and operations across the end-to-end supply chain.  Our prescriptive approach drives team alignment for over 650 clients in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at www.logility.com.

AI-first Supply Chain Planning Solutions to Support Aggressive Business Growth

ATLANTA – February 26, 2024 – U.S. Autoforce, an industry leader in automotive service parts, selects theAI-first Logility® Digital Supply Chain Platform, to support exponential business growth. Looking to enhance their entire supply chain strategy, they have invested in multiple Logility solutions including Demand Optimization, Inventory Planning, Replenishment Planning, Supply Planning Rebalancing, and Network Optimization.

U.S. Autoforce is experiencing significant business growth, expanding to over 2.5 million database records and 65 locations across the United States. With an anticipated growth up to 4 million in the next few years, they need a solution that can maintain database and optimize their planning.

Within just a few weeks of Go-Live, Adam Verbruggen, CPIM, Director, Inventory Management for U.S. Autoforce is already seeing results from the Logility implementation. “My golden moment was how much work has come off my plate with the beginning of the month process and has ultimately saved a lot of time. What used to take days to get the forecast at the record level we wanted can now be achieved in just a few hours. It takes pressure and stress off the teams to hit deadlines and get information to the manufacturers,” said Verbruggen.

Learn more about the Logility® Digital Supply Chain Platform at www.logility.com. 

About U.S. Autoforce:

U.S. AutoForce brings more than 70 years of experience as an industry leader in the distribution of tires, undercar parts, and lubricants to independent tire retailers, auto repair shops, and automotive dealerships. We deliver best-in-class customer service, extensive inventories, and value-added marketing and technology platforms to help drive sales and grow tire and automotive parts categories. To continue expanding our distribution throughout the United States, we acquired Max Finkelstein in 2022. Today, we have more than 60 distribution centers strategically placed across the nation.

About Logility

Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 650 clients in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com 

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the Company below mean Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

Subscription Fee Growth of 9% and Adjusted EBITDA Margin was 16% of revenue from Continuing Operations in Q3

ATLANTA (February 22, 2024) American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the third quarter of fiscal year 2024. During the second quarter of fiscal year 2024 we divested our non-core information technology staffing firm, The Proven Method and its results are included in discontinuing operations. 

Key Third Quarter Financial Highlights from Continuing Operations:

  • Subscription fees were $14.1 million for the quarter ended January 31, 2024, a 9% increase compared to $13.0 million for the same period last year. 
  • Total revenues for the quarter ended January 31, 2024 decreased 7% to $25.5 million, compared to $27.4 million for the same period of the prior year, principally due to a decline in services and maintenance fee revenue. 
  • Recurring revenue streams for Maintenance and Cloud Subscriptions were $21.8 million or 86% of total revenues in the quarter ended January 31, 2024 compared to $21.7 million or 79% of total revenues in the same period of the prior year. 
  • Maintenance revenues for the quarter ended January 31, 2024 decreased 11% to $7.7 million compared to $8.6 million for the same period last year partially due to the divestiture of the Transportation group in November, 2023. 
  • Professional services and other revenues for the quarter ended January 31, 2024 decreased 28% to $3.4 million for the quarter ended January 31, 2024 compared to $4.8 million for the same period last year. The decline was primarily driven by lower than expected seasonally adjusted project work and outsourcing of some services to systems integrators and other service providers. 
  • Software license revenues were $0.3 million for the quarter ended January 31, 2024 compared to $1.0 million in the same period last year, continuing the focus on cloud services sales. 
  • Operating earnings for the quarter ended January 31, 2024 were $0.8 million compared to $2.7 million for the same period last year. 
  • GAAP net earnings from continuing operations for the quarter ended January 31, 2024 were $4.2 million or $0.12 per fully diluted share compared to $3.2 million or $0.09 per fully diluted share for the same period last year. 
  • Adjusted net earnings from continuing operations for the quarter ended January 31, 2024, which excludes non-cash stock-based compensation expense and amortization of acquisition-related intangibles, were $6.3 million or $0.19 per fully diluted share compared to $4.4 million or $0.13 per fully diluted share for the same period last year. 
  • EBITDA from continuing operations was $2.4 million for the quarter ended January 31, 2024 compared to $3.5 million for the same period last year. 
  • Adjusted EBITDA from continuing operations was $4.0 million for the quarter ended January 31, 2024 compared to $4.8 million for the same period last year. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation expense. 

Key Fiscal 2024 Year to Date Financial Highlights from Continuing Operations:

  • Subscription fees were $41.2 million for the nine months ended January 31, 2024, a 10% increase compared to $37.4 million for the same period last year, while Software license revenues were $0.8 million compared to $2.0 million for the same period last year.
  • Total revenues for the nine months ended January 31, 2024 decreased 5% to $77.1 million compared to $81.5 million for the same period last year.
  • Recurring revenue streams for Maintenance and Cloud Services were $65.2 million and $63.8 million or 85% and 78% of total revenues for the nine-month periods ended January 31, 2024 and 2023, respectively.
  • Maintenance revenues for the nine months ended January 31, 2024 were $24.0 million, a 9% decrease compared to $26.4 million for the same period last year.
  • Professional services and other revenues for the nine months ended January 31, 2024 decreased 29% to $11.1 million compared to $15.7 million for the same period last year. The decline was primarily driven by lower project work and outsourcing of some services to systems integrators and other service providers s.
  • For the nine months ended January 31, 2024, the Company reported continuing operating earnings of approximately $3.4 million compared to $7.6 million for the same period last year.
  • GAAP net earnings from continuing operations were approximately $7.4 million or $0.22 per fully diluted share for the nine months ended January 31, 2024, a 5% increase compared to $7.1 million or $0.21 per fully diluted share for the same period last year.
  • Adjusted net earnings from continuing operations for the nine months ended January 31, 2024, which exclude stock-based compensation expense and amortization of acquisition-related intangibles, increased 25% to $13.3 million or $0.39 per fully diluted share, compared to $10.6 million or $0.31 per fully diluted share for the same period last year.
  • EBITDA from continuing operations decreased by 29% to $7.1 million for the nine months ended January 31, 2024 compared to $10.0 million for the same period last year.
  • Adjusted EBITDA from continuing operations decreased 15% to $11.8 million for the nine months ended January 31, 2024 compared to $14.0 million for the nine months ended January 31, 2023. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest income & other, net, income tax expense and non-cash stock-based compensation.

Key Third Quarter of Fiscal Year 2024 highlights: 

Clients & Channels

  • Notable new and existing customers placing orders with the Company in the third quarter include: Aaron’s LLC, Herbalife Inc., INCOFE, S.A.S., Kontoor Brands, Omega Pharma International NV, Richardson Sports, Inc., Sigma-Aldrich Corporation and Williams Scotsman, Inc. 
  • During the quarter, SaaS subscription and software license agreements were signed with customers located in the following countries: Australia, Belgium, France, Sweden, Switzerland, the United Kingdom, the United States and Uruguay.  

Company & Technology 

  • Logility’s planning solutions and employees were recognized in the following publications:
    • Allan Dow, president, Logility, Inc. was quoted in the 2024 Supply Chain Predictions published by Inbound Logistics saying “2024 will be about AI implementation. By optimizing network flows, manufacturers can better utilize their resources, optimize margins, and drive long-term profit growth.”
    • Lisa Henriott, SVP Product Marketing, joined Tyler Fusser of Supply Chain Connect to discuss the inventory management challenges companies face today and how Logility’s inventory optimization capabilities allow companies to analyze trade-offs at different inventory levels, including finished goods, work in process, or raw materials.
    • Both IT in the Supply Chain and READ Magazine highlighted how Logility maximizes production efficiencies with advanced scheduling capabilities in its Manufacturing Optimization solution.
  • In November, Logility announced the extension of its Manufacturing Optimization solution to maximize production efficiencies with advanced scheduling capabilities. Utilizing Industry 4.0 technologies such as artificial intelligence (AI), machine learning (ML) and automation to continuously sense, analyze, and update activity in digital supply chains to help ensure clients gain the highest utilization possible of equipment and resources.
  • Also in November, Logility was a sponsor at the Gartner Supply Chain Planning Summit North America where they showcased their AI-first planning platform to summit attendees and analysts.
  • In December, Logility released new capabilities to its Digital Supply Chain Platform to leverage artificial intelligence (AI), machine learning (ML), and automation to deepen inventory, manufacturing, and ESG capabilities. New platform capabilities include: InventoryAI+ Dashboard, Probabilistic Inventory Planning with Automated Inventory Policies, and Cloud-Configuration and Onboarding in Manufacturing Optimization. Their Vendor Management: Corporate Responsibility capabilities now include Cancel Compliance Form and Legal Compliance Violation features to foster transparency and aid efficient compliance monitoring for all clients.
  • In January, Logility announced capabilities to advance supplier management, and support transparent supply chain practices for apparel and soft goods companies. These capabilities allow companies to elevate visibility into vendor and supplier relationships:
    • Vendor Compliance Dashboard: Track supplier sustainability performance and progress easily.
    • Faster Supplier Onboarding: Streamlined evaluation with improved certificate management.
    • Reduce Product Risk: Identify at-risk purchase orders and restricted suppliers efficiently.
    • Enhanced Communication: Cancel compliance forms with clear notifications to all parties.
    • Track Legal Violations: Record and modify legal details for better compliance monitoring.

The overall financial condition of the Company remains strong, with cash and investments of approximately $78.3 million. During the third quarter of fiscal year 2024, the Company paid shareholder dividends of approximately $3.8 million and purchased approximately 516k American Software Class A shares for $5.4mm under the authorized stock buyback program which we completed this quarter for a total of approximately 946k shares for $10.2 million or an average price of $10.83 per share. 

“We delivered solid third quarter results and remain on track to achieve our guidance for fiscal 2024, which is unchanged from the prior quarter,” said Allan Dow, CEO and President of American Software. “Since the start of the new calendar year, we have seen an increase in activity with both existing and prospective customers progressing initiatives to adopt our AI-first supply chain planning solutions. The strength of our pipeline and greater customer engagement leaves us poised for a strong finish to our fiscal 2024.” 

Fiscal Year 2024 Financial Outlook from Continuing Operations:

  • Total revenues of $100.0 million to $104.0 million, including total recurring revenues of $85.0 million to $88.0 million. 
  • Adjusted EBITDA of $14.5 million to $16.0 million. 

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers optimized demand, inventory, manufacturing, and supply planning tools – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. 

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an independent global value-added reseller distribution network. 

Logility’s planning platform leverages Generative AI, advanced AI-driven algorithms, and machine learning. Our engineered approach drives team alignment for over 650 clients in 80 countries with prioritized, value-focused outcomes. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity for American Software, Inc.. You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.

Operating and Non-GAAP Financial Measures

American Software, Inc. (the “Company”) includes non-GAAP financial measures (EBITDA, adjusted EBITDA, adjusted net earnings and adjusted net earnings per share) in the summary financial information provided with this press release as supplemental information relating to its operating results. This financial information is not in accordance with, or an alternative for, GAAP-compliant financial information and may be different from the operating or non-GAAP financial information used by other companies. The Company believes that this presentation of EBITDA, adjusted EBITDA, adjusted net earnings and adjusted net earnings per share provides useful information to investors regarding certain additional financial and business trends relating to its financial condition and results of operations. EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest (loss)/income & other, net, and income tax expense. Adjusted EBITDA represents GAAP net earnings adjusted for amortization of intangibles, depreciation, interest (loss)/income & other, net, income tax expense and non-cash stock-based compensation expense. 

Forward Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company could experience as well as other information, please refer to the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners. 

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For Consolidated Statements of Operations Information, Non-GAAP Measures of Performance, Consolidated Balance Sheet Information, and Condensed Consolidated Cashflow Information

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ATLANTA – February 21, 2024 –The Board of Directors of American Software, Inc. (NASDAQ: AMSWA), a leading provider of innovative AI-powered supply chain management and advanced retail planning platforms, announced today that the company’s co-founder, Executive Chairman and Treasurer, James C. Edenfield, has elected to step down from the Board and as the company’s Treasurer, after over 50 years of leadership for the company.  Mr. Edenfield submitted a letter of resignation, which the Board accepted today.  Mr. Edenfield will continue as an advisor to the company and its Board. 

Mr. Edenfield is an original co-founder of the company, dating back to 1970, when Mr. Edenfield and Dr. Thomas L. Newberry, IV, formed the predecessor to the company and served on its Board, with Mrs. Norma Edenfield and Mrs. Evelyn Newberry.  Mr. Edenfield, together with Dr. Newberry, pioneered the development and use of manufacturing and distribution planning and execution software applications; which were foundational for the supply chain management software industry as a whole, above and beyond being foundational for the company. 

For decades, Mr. Edenfield served as the company’s Co-Chief Executive Officer, President and Treasurer.  He oversaw the company’s growth, its initial public offering in 1983, global expansion and successfully led the company through rapid and enormous changes in the business and industry.

The Board announced that James B. Miller, Jr., a member of the Board since 2002, has agreed to serve as the Chair of the Board, effective today. 

“Jim Edenfield has been a leader, mentor and friend through the decades I have known him,” said Allan Dow, CEO of American Software. “We are glad that Jim will continue to advise our Board and me and are grateful for his half a century of service to the company.  We’re also thankful for Jim Miller’s willingness to step up as our Board Chair and look forward to his leadership in this transitionary period.”   

This announcement does not affect the company’s previously announced Nomination and Corporate Governance Committee review of the Company’s corporate structure and dual class structure.  The Committee expects that the completion of that work can be announced prior to the annual shareholder meeting.

About American Software

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers prescriptive demand, inventory, manufacturing, and supply planning tools – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains.

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an independent global value-added reseller distribution network.

Logility’s supply chain planning platform leverages Generative AI, advanced AI-driven algorithms, and machine learning. Our engineered approach drives team alignment for over 800 customers in 80 countries with prioritized, value-focused outcomes. For more information about Logility, please visit www.logility.com. You can learn more about American Software at www.amsoftware.com or by calling (404) 364-7615 or email kliu@amsoftware.ocom.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of American Software’s revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of American Software’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect American Software’s future performance. For further information about risks American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Investor Contact:

Kevin Liu

kliu@amsoftware.com

(626) 424-1535

Food Logistics Rock Stars Award recognizes influential individuals in the industry whose achievements, hard work and vision have shaped the global cold food supply chain. 

ATLANTA – February 12, 2024 – Logility, Inc., the leader in AI-first supply chain planning software, announced VP Business Development, Diane Ngabire, Allan Dow, president of Logility, Inc & Suresh Babu, VP of Supply Chain & Procurement at Great Lakes Cheese, are Food Logistics 2024 Rock Stars of the Supply Chain. This award recognizes the Top 100 influential individuals for distinct categories within the cold food industry.

Suresh Babu, Great Lakes Cheese, Lifetime Achievement

With over 20 years of experience in the supply chain industry, Babu has built a strong supply chain for Great Lakes Cheese, proving why he was named within the Lifetime Achievement category. Great Lakes Cheese is the nation’s leading natural cheese packager and an award-winning cheese manufacturer and is a trusted long-term partner for a variety of retail, foodservice, and ingredients customers. Babu and his team are evolving their processes and technology with a primary goal of having the best customer service level on all orders.

 “Our supply chain digital transformation is supporting Great Lakes Cheese’s incredible business growth while supporting our customer’s ability to meet demand variations. Great Lakes Cheese is committed to providing a 99% plus service level to our customers. This is only possible by continually reinvesting not only in physical infrastructure but people and systems”, says Babu. “This recognition is a testament to the Great Lakes Cheese ‘customer first’ approach, and a reminder of the possibilities that comes with pushing the boundaries of supply chain excellence.”

A good forecast plan is a combination of needs, changing dynamics and business growth, that obviously adds up to your forecast accuracy level. Utilizing the Logility® Digital Supply Chain Platform Great Lakes Cheese can achieve service level goals and gain efficiency across multiple parts of their supply chain. Babu’s commitment as a persistent and strategic leader is helping to drive Great Lakes Cheese supply chain transformation.

“Supply chain rock stars are the backbone of the cold food chain. The words used to describe many of this year’s winners range from collaborative, passionate, innovative and forward-thinking to inspired, driven and dependable,” says Marina Mayer, editor-in-chief of Food Logisticsand Supply & Demand Chain Executive.

Diane Ngabire, Logility, Rising Star

Named within the Rising Star category, Ngabire’s experience is already impressive. Her strength is in building new business development teams and sales organizations. Ngabire has impacted the industry by implementing, creating, and influencing best practices within her teams and is known as a champion of utilizing leading industry tools, establishing global processes, and delivering brand evangelization.

“Often, business development teams are underappreciated, but the best companies are investing in these teams and seeing immediate value. At Logility, I have had the opportunity to use my global experience to build a robust, energetic, and strategic business development team. Through our new onboarding program, all our new BDE’s created opportunities in their first month, says Ngabire. I am honored to be named a Rock Star in the supply chain and to be chosen among so many incredible people.”

In just a short amount of time at Logility, Ngabire changed the game of business development leading her team to achieve record-breaking opportunity numbers. She is committed to ensuring her team has the right tools, messaging, and support to understand and engage with the supply chain community.

Allan Dow, Logility, Lifetime Achievement

Dow, a repeat Rockstar award recipient, and Lifetime Achievement category winner is focused on helping enterprises navigate the unprecedented rates of change and disruption across their operations with a significant transformation in supply chain planning due to advancements in technology, generational shifts of planners, and the significant speed of market changes and disruptions.

Under Dow’s leadership, Logility is putting fast, data-driven decision-making at the fingertips of supply chain organizations. Utilizing Narrow AI, Machine Learning, and Generative AI, the Logility Digital Supply Chain Platform democratizes supply chain intelligence across the entire company, allowing clients to embrace broader and more meaningful participation in supply chain decisions—enabling them to better respond to these inflection points. As the AI-first supply chain planning solution, Logility clients are better positioned to take market insights and translate them into executable demand strategies, which in turn helps to create a competitive advantage that lets them gain market share while coming out of turbulent times.

“Logility’s brand promise is to help our clients operate the world’s best supply chains to improve the lives of others.” Dow said. “I’m grateful Suresh, Diane, and I are recipients of the Rock Stars award, as it speaks to the commitment the entire Logility and Great Lakes Cheese teams have for positively influencing the cold food supply chain.”

Recipients of this year’s award will be profiled in Food Logistics’ Jan/Feb 2024 print issue and at https://www.FoodLogistics.com.

Go to https://foodl.me/u2nlsbsl to view the full list of winners. Go to https://www.foodlogistics.com/awards to learn more about other Food Logistics’ awards.

About Food Logistics
Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Food Logistics also operates SCN Summit and Women in Supply Chain Forum. Go to www.FoodLogistics.com to learn more.

About IRONMARKETS 
IRONMARKETS, formerly known as AC Business Media, is a leading business-to-business media and buyer engagement platform with a portfolio of renowned brands in heavy construction, asphalt, concrete, paving, rental, sustainability, landscape, manufacturing, logistics, and supply chain markets. IRONMARKETS delivers relevant, cutting-edge content to its audiences through its industry-leading digital properties, trade shows, conferences, videos, magazines, webinars, and newsletters. It also provides advertisers the analytics, data, and ability to reach their target audience. Learn more at https://www.iron.markets.

About Great Lakes Cheese
Great Lakes Cheese is the nation’s leading natural cheese packager and an award-winning cheese manufacturer. Great Lakes Cheese is a trusted long-term partner for a variety of retail, foodservice, and ingredients customers. The company has a national footprint with facilities in Ohio, New York, Tennessee, Utah, Wisconsin, and Texas. Specialties include natural and processed shreds, slices, chunks, and snack products. Family- and employee-owned, Great Lakes Cheese celebrated their 65th year in business in 2023. https://www.greatlakescheese.com/

About Logility
Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 650 clients in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com 

ATLANTA – February 8, 2023 – Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers an innovative AI-powered supply chain planning platform that enables resiliency and accelerates digital supply chain transformation, today announced that it will release its Third Quarter Fiscal Year 2024 preliminary financial results after the U.S. financial markets close on Thursday, February 22, 2024.

In conjunction with the release, the company will host a conference call at 5:00 pm ET to discuss its results with the investment community. A live webcast and replay of the call will be accessible via the investor relations page of American Software’s website at www.amsoftware.com/investor-relations.

American Software’s Third Quarter Fiscal Year 2024 Preliminary Financial Results Earnings Call
Date: Thursday, February 22, 2024
Time: 5:00 pm ET
Location: www.amsoftware.com

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility, delivers optimized demand, inventory, manufacturing, and supply planning tools – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. 

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an independent global value-added reseller distribution network.

Logility is the only supply chain planning platform leveraging Generative AI, advanced AI-driven algorithms, and machine learning. Our engineered approach drives team alignment for over 650 clients in 80 countries with prioritized, value-focused outcomes. For more information about Logility, please visit www.logility.com.  Logility is a wholly-owned subsidiary and operating entity for American Software, Inc. (NASDAQ: AMSWA).  You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.

Transformative new capabilities extend AI-first planning solution

ATLANTA – February 06, 2024 – A leader in prescriptive supply chain planning solutions, Logility, Inc., today announced the delivery of generative AI capabilities, extending its AI-first approach for supply chain management. Leveraging their AI-native platform, Logility’s GenAI aids in mastering the complexity of supply chain data, helping enterprises to make faster decisions that deliver competitive advantage.

Today’s supply chain professionals are drowning in data, and precious hours are wasted in data collation and searching for answers from dashboards and reports that are quickly outdated. Logility’s GenAI is designed to improve productivity by providing actionable insights via a conversational interface that anyone from any department – sales, marketing, operations, or finance – can use to speak supply chain in users’ everyday language.

Know Faster. Grow Faster.

Logility’s GenAI is designed to accelerate supply chain decision making, helping to dramatically increase access to information and the productivity of all team members involved in demand and inventory management. The new offering acts as a liaison that bridges departmental silos and helps organizations remove decision latency by moving from sequential processes to more fluid processes.

“We’re entering a new era in supply chain management, where speed and precision are not just desired, they’re required,” said Allan Dow, president of Logility. “Our GenAI is the embodiment of our commitment to innovation—delivering real-time insights, rapid decision-making, and increased market share. Our transformative supply chain platform empowers companies to meet the demands of today’s dynamic market with confidence and strategic agility.”

Supply Chain Insights for Everyone

Clients are leveraging our AI-first data structure for effortless explainability as a foundation that provides actionable insights from generative AI inquiries. Given the importance of forecasting, companies are starting with demand planning. With Logility’s GenAI, planners can query forecasts, sales history, and demand drivers for any product, location, or customer, for any time period, at any level of detail supported. They can see and analyze forecast changes leveraging large language models (LLMs) while staying within the guardrails of data security provided via Microsoft Azure.

Start your GenAI supply chain project today and see value in weeks. https://www.logility.com/logility-delivers-genai/

About Logility

Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 650 clients in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com 

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the company means Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

Vendor management, product traceability, and compliance features offer better risk management and minimize stock outs.

ATLANTA, GA – January 30, 2024 – Logility, Inc., a leader in prescriptive supply chain planning software, introduces new functionality to its AI-first Logility® Digital Supply Chain Platform, designed to elevate visibility into vendor and supplier relationships. New features are available for corporate responsibility, traceability, and vendor management software applications.  

Many retail and apparel companies face challenges in managing information about all vendors involved in delivering their products to market. With such a complex ecosystem to navigate, Logility developed software that supports not only an incremental approach to managing suppliers but also a path to excellence by collecting additional transactional documentation needed for compliance. 

Boost Supply Chain Visibility and Efficiency:

  • Vendor Compliance Dashboard: Track supplier sustainability performance and progress easily.
  • Faster Supplier Onboarding: Streamlined evaluation with improved certificate management.
  • Reduce Product Risk: Identify at-risk purchase orders and restricted suppliers efficiently.
  • Enhanced Communication: Cancel compliance forms with clear notifications to all parties.
  • Track Legal Violations: Record and modify legal details for better compliance monitoring.

“Logility Vendor Management is the foundation for managing suppliers within your complex supply chain

enabling supplier governance,” says Somesh Rao, Vice President of Product Management at Logility. “When used in collaboration with Corporate Responsibility and Product Traceability you can increase visibility to create a source to destination digital thread and reduce the risk of utilizing a non-compliant supplier in your production process supporting transparent supply chain practices.”

Ready to empower your supplier ecosystem? Explore our resources:

Learn more about the Logility® Digital Supply Chain Platform.

About Logility

Logility’s Digital Supply Chain Platform delivers optimized demand, inventory, manufacturing, and supply plans – helping to provide executives the confidence and control to increase margins and service levels, while delivering sustainable supply chains. Designed for speed and agility, Logility’s cloud-based platform provides an innovative blend of artificial intelligence (AI) and predictive analytics to help deliver integrated planning and operations across the end-to-end supply chain. Our prescriptive approach drives team alignment for over 650 clients in 80 countries with prioritized outcomes designed to create demonstrable value. Logility is a wholly-owned subsidiary of American Software, Inc. (NASDAQ: AMSWA). Learn more at logility.com

Forward-Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. References below to the company means Logility, Inc. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or clients; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; American Software, Inc.’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company and American Software could experience as well as other information, please refer to American Software, Inc.’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

Logility® is a registered trademark of Logility, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.