Manhattan Associates, Inc. (MANH): History, Ownership, Mission, How It Works & Makes Money

Manhattan Associates, Inc. (MANH): History, Ownership, Mission, How It Works & Makes Money

US | Technology | Software - Application | NASDAQ

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Ever wondered how companies manage their complex supply chains and omnichannel commerce operations? Manhattan Associates Inc. (MANH) stands out as a leader in this arena, achieving a significant milestone in 2024 by surpassing $1 billion in total revenue and solidifying its position as a leading innovator in supply chain and omnichannel retail end-markets. But how did they get here, who owns this influential company, and what's the secret to their success? Keep reading to discover the fascinating story behind this tech giant, from its historical roots to its cutting-edge solutions.

Manhattan Associates, Inc. (MANH) History

Manhattan Associates, Inc. Founding Timeline

Year established

Manhattan Associates was established in 1990.

Original location

The company was originally located in Manhattan Beach, California.

Founding team members

The founding team included Deepak Raghavan, Alan Dabbiere, and Lamis Naaman.

Initial capital/funding

The initial capital for Manhattan Associates was $2 million.

Manhattan Associates, Inc. Evolution Milestones

Year Key Event Significance
1990 Company Founded Manhattan Associates was founded to develop and market supply chain execution solutions.
1993 First Major Product Release The company released its first major Warehouse Management System (WMS) product.
1995 Expanded Product Line Manhattan Associates expanded its product line to include transportation management solutions.
1998 Initial Public Offering (IPO) Manhattan Associates went public, trading on the NASDAQ under the ticker symbol MANH.
2000s Global Expansion The company expanded its operations globally, establishing offices in Europe, Asia, and Latin America.
2004 Acquisition of Logistics.com Manhattan Associates acquired Logistics.com to enhance its transportation management capabilities.
2007 Launch of Extended Enterprise Solutions The company launched extended enterprise solutions to integrate supply chain processes across the enterprise.
2010s Cloud and Omni-Channel Focus Manhattan Associates shifted its focus to cloud-based solutions and omni-channel commerce.
2014 Acquisition of Global Bay Technologies Manhattan Associates acquired Global Bay Technologies to strengthen its omni-channel capabilities.
2018 Continued Innovation in Supply Chain and Omni-Channel The company continued to innovate in supply chain and omni-channel solutions with new product releases and enhancements.
2020-2024 Expansion and Upgrades Continued expansion of cloud-based solutions and upgrades to existing platforms to meet evolving customer needs.

Manhattan Associates, Inc. Transformative Moments

  • Going Public (1998): The IPO provided significant capital for expansion and solidified the company's position in the market.
  • Acquisition of Logistics.com (2004): Enhanced transportation management capabilities, broadening the solution suite.
  • Shift to Cloud and Omni-Channel (2010s): Adapting to market trends by focusing on cloud-based solutions and omni-channel commerce, which allowed the company to stay competitive.
  • Acquisition of Global Bay Technologies (2014): This acquisition strengthened omni-channel capabilities, aligning with the growing demand for integrated retail solutions.

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Manhattan Associates, Inc. (MANH) Ownership Structure

Manhattan Associates operates with a corporate ownership structure, where a mix of institutional and individual shareholders influence the company's direction through their equity stakes.

Manhattan Associates Current Status

Manhattan Associates is a publicly traded company, meaning its shares are available for purchase on a stock exchange. This allows a wide range of investors, from individuals to large institutions, to own a portion of the company.

Manhattan Associates Ownership Breakdown

Understanding the ownership structure of Manhattan Associates provides insight into who has influence over the company's decisions. Here's a breakdown of the ownership as of April 2025, based on the latest available 2024 fiscal year data:

Shareholder Type Ownership, % Notes
Institutional Investors 88.63% Large institutions such as Vanguard Group, BlackRock Fund Advisors, and State Street Corporation hold a significant portion of Manhattan Associates' shares.
Individual Investors and Insiders ~10% This includes company executives, board members, and other individual investors.
Other ~1.37% This may include smaller holdings by various other entities.

Manhattan Associates Leadership

The leadership team at Manhattan Associates is responsible for the strategic direction and day-to-day operations of the company. Key figures include:

  • Eddie Capel: President and Chief Executive Officer
  • Dennis B. Story: Executive Vice President and Chief Financial Officer

These individuals, along with other executive leaders, guide Manhattan Associates in its mission to provide supply chain and omnichannel commerce solutions. For more in-depth insights into the financial performance of Manhattan Associates, check out: Breaking Down Manhattan Associates, Inc. (MANH) Financial Health: Key Insights for Investors

Manhattan Associates, Inc. (MANH) Mission and Values

Manhattan Associates is dedicated to helping companies improve their supply chains and commerce experiences, aiming to bring people closer to the products they need. The company values innovation, collaboration, and a commitment to customer success.

Manhattan Associates' Core Purpose

Official mission statement

Manhattan Associates does not have a formal, publicly declared mission statement in the traditional sense. Instead, they focus on delivering technology and solutions that drive efficiency and effectiveness in supply chain and omnichannel commerce. Their underlying mission can be understood through their actions and solutions:

  • To develop and deliver innovative supply chain and omnichannel commerce solutions.
  • To help clients optimize their operations, reduce costs, and improve customer service.
  • To foster a collaborative environment that drives innovation and success for both the company and its clients.

For more insights into the company's financial stability, check out Breaking Down Manhattan Associates, Inc. (MANH) Financial Health: Key Insights for Investors.

Vision statement

Manhattan Associates' vision is to be the leading technology provider in supply chain and omnichannel commerce. This vision is reflected in their strategic objectives:

  • To lead the market with cutting-edge, adaptable, and scalable solutions.
  • To empower businesses to connect with their customers in new and innovative ways.
  • To create a seamless and unified commerce experience across all channels.

Company slogan/tagline

While Manhattan Associates doesn't have a single, fixed slogan, their marketing and communications often highlight key themes:

  • 'Supply Chain Commerce Technology' – Emphasizes their focus and expertise.
  • Solutions-oriented messaging – Highlighting how they solve complex business challenges.
  • Innovation and transformation – Positioning themselves as leaders in driving industry advancements.

Manhattan Associates, Inc. (MANH) How It Works

Manhattan Associates, Inc. is a global provider of supply chain and omnichannel commerce solutions that help companies manage and optimize their supply chains, inventory, and omnichannel operations.

Manhattan Associates, Inc.'s Product/Service Portfolio

Product/Service Target Market Key Features
Manhattan Active® Warehouse Management Companies with complex distribution operations across various industries, including retail, wholesale, manufacturing, and logistics. Combines warehouse execution system (WES) and warehouse management system (WMS) capabilities into a single, unified solution. It also features a warehouse control system (WCS) to automate and optimize material flow, labor management, and order fulfillment.
Manhattan Active® Transportation Management Businesses seeking to optimize transportation networks, reduce costs, and improve service levels, including shippers, carriers, and logistics service providers. Offers end-to-end transportation planning, execution, and visibility. It includes advanced optimization algorithms, real-time tracking, and freight audit and payment capabilities.
Manhattan Active® Omni Retailers and brands looking to deliver seamless and personalized omnichannel experiences to their customers. Provides a suite of omnichannel solutions, including order management, store fulfillment, and customer engagement tools. It enables retailers to unify online and offline channels, personalize customer interactions, and optimize order fulfillment processes.
Manhattan Order Management Businesses needing to manage the entire order lifecycle, from placement to fulfillment, across multiple channels. Centralizes order management, providing real-time visibility into inventory, orders, and customer interactions. It enables businesses to optimize order routing, fulfillment, and customer service.
Manhattan Point of Sale Retailers looking to enhance the in-store shopping experience and improve customer engagement. Offers a mobile-first point of sale solution that enables retailers to provide personalized service, streamline checkout processes, and manage inventory in real-time.

Manhattan Associates, Inc.'s Operational Framework

Manhattan Associates operates through a combination of software development, sales and marketing, consulting, and customer support. Key aspects of its operational framework include:

  • Software Development: Manhattan Associates invests significantly in research and development to create and enhance its suite of supply chain and omnichannel commerce solutions.
  • Sales and Marketing: The company employs a direct sales force and partners with system integrators and other technology providers to market and sell its solutions to customers worldwide.
  • Consulting Services: Manhattan Associates provides consulting services to help customers implement and optimize its software solutions. These services include business process analysis, solution design, and project management.
  • Customer Support: The company offers a range of customer support services, including technical support, training, and education.

These operations drive value creation by:

  • Improving supply chain efficiency and reducing costs
  • Enhancing inventory management and order fulfillment
  • Enabling seamless omnichannel experiences
  • Providing real-time visibility into supply chain operations
  • Improving customer service and satisfaction

Manhattan Associates, Inc.'s Strategic Advantages

Manhattan Associates maintains several strategic advantages that contribute to its success in the supply chain and omnichannel commerce solutions market:

  • Comprehensive Solution Portfolio: Offers a broad range of solutions that cover various aspects of the supply chain and omnichannel operations, providing customers with a one-stop-shop for their software needs.
  • Industry Expertise: Possesses deep industry expertise and a strong understanding of the challenges and opportunities facing its customers.
  • Technological Innovation: Invests heavily in research and development to stay at the forefront of technological innovation and provide customers with cutting-edge solutions.
  • Global Presence: Has a global presence, with offices and customers located in various regions around the world.
  • Strong Customer Relationships: Focuses on building strong, long-term relationships with its customers, providing them with ongoing support and guidance.

To gain more insights into the financial aspects, consider reading: Breaking Down Manhattan Associates, Inc. (MANH) Financial Health: Key Insights for Investors

Manhattan Associates, Inc. (MANH) How It Makes Money

Manhattan Associates, Inc. primarily generates revenue by providing supply chain and omnichannel commerce solutions. These solutions include software, hardware, and services designed to improve operational efficiency and customer experience for retailers, manufacturers, wholesalers, and logistics providers.

Manhattan Associates, Inc.'s Revenue Breakdown

Revenue Stream % of Total Growth Trend
Software 64.4% Increasing
Services 35.6% Increasing

Manhattan Associates, Inc.'s Business Economics

Manhattan Associates, Inc.'s business economics are rooted in providing comprehensive supply chain and omnichannel commerce solutions. Their pricing strategies and economic fundamentals include:

  • Software Revenue: A significant portion of their software revenue comes from subscription-based models, offering predictable and recurring income.
  • Service Revenue: Service revenue is derived from implementation, consulting, and training services, which support the deployment and optimization of their software solutions.
  • High Customer Retention: The company benefits from high customer retention rates due to the mission-critical nature of its solutions and the high switching costs for customers.
  • Scalable Business Model: As a software company, Manhattan Associates, Inc. can scale its operations efficiently, with incremental revenue incurring relatively low additional costs.

For more insights into the company's investor profile, check out: Exploring Manhattan Associates, Inc. (MANH) Investor Profile: Who’s Buying and Why?

Manhattan Associates, Inc.'s Financial Performance

Manhattan Associates, Inc. has demonstrated robust financial performance, characterized by consistent revenue growth and strong profitability. Key highlights include:

  • Total Revenue: Total revenue for the year 2024 was $979.9 million, an increase of 16.9% compared to 2023.
  • Subscription Revenue: Subscription revenue for the year 2024 was $618.1 million, an increase of 26.3% compared to 2023.
  • Operating Margin: The company maintains a healthy operating margin, reflecting efficient cost management and strong pricing power. For the year 2024, the operating margin was 24.9%.
  • Net Income: Net income for the year 2024 was $182.8 million.
  • Cash Flow: Strong cash flow generation supports ongoing investments in research and development, as well as strategic acquisitions. For the year 2024, cash flow from operations was $272.7 million.

Manhattan Associates, Inc. (MANH) Market Position & Future Outlook

Manhattan Associates is strategically positioned to capitalize on the growing demand for supply chain and omnichannel commerce solutions. Their innovative technology and strong industry reputation support a positive future outlook in a competitive market.

Competitive Landscape

Company Market Share, % Key Advantage
Manhattan Associates ~10% Deep expertise in supply chain and omnichannel commerce solutions, with a strong focus on innovation and customer satisfaction.
Blue Yonder ~15% Extensive end-to-end supply chain platform and a large installed base.
SAP ~8% Broad enterprise software portfolio and global reach.

Opportunities & Challenges

Opportunities Risks
Continued growth in e-commerce and omnichannel retail, driving demand for advanced supply chain solutions. Intense competition from established players and emerging startups in the supply chain software market.
Increasing adoption of cloud-based solutions, allowing for greater scalability and flexibility. Economic downturns or disruptions in global trade, which could reduce customer spending on supply chain investments.
Expanding into new geographic markets and industries, leveraging their expertise to address diverse customer needs. Rapid technological advancements that could render existing solutions obsolete, requiring continuous innovation and adaptation.

Industry Position

Manhattan Associates holds a strong position in the supply chain and omnichannel commerce solutions market. The company differentiates itself through:

  • Innovation: Consistently investing in research and development to deliver cutting-edge solutions.
  • Customer Focus: Maintaining strong relationships with customers and providing tailored solutions to meet their specific needs.
  • Comprehensive Solutions: Offering a broad suite of solutions that address various aspects of the supply chain, from warehouse management to order management and transportation.

To gain more insights into investor behavior and company performance, check out: Exploring Manhattan Associates, Inc. (MANH) Investor Profile: Who’s Buying and Why?

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