Based in Atlanta, Georgia, $78 million Manhattan Associates, Inc. develops, markets, and supports supply chain execution systems for distribution center management and Internet fulfillment. 1999 was a difficult year for the vendor, marked by reorganization and management turnover in the midst of rapid corporate expansion. Completing its transition to an Internet enabler will be important for Manhattan's long term future.
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Corporation and incorporated its slotting product, SLOT-IT, with its PkMS applications. Later that year, Manhattan completed an initial public offering worth $53 million, although falling revenues and economic factors have eroded its market capitalization since then. Root causes of Manhattan's decline centered on the company's rapid growth from a staff of 25 in 1995 to over 500 today. In mid 1999, Manhattan reorganized its staff and operations, bringing in CEO Richard Hadrill to complement the vision of