Supply chain software supplier Logility has struck a deal to acquire privately-held MID Retail Inc., a provider of retail allocation and merchandise planning solutions.

The deal, for an undisclosed sum, will further strengthen Logility Voyager Solutions as a supply chain planning solution for large and midsize companies in the retail, wholesale distribution and manufacturing industries.

"With this acquisition, Logility Voyager Solutions delivers the holistic supply chain solution retail companies need to compete in today's complex marketplace," said Mike Edenfield, Logility CEO.

"MID Retail's innovative retail planning and allocation solutions complement the Logility Voyager Solutions suite. The combination provides a robust, comprehensive supply chain solution that helps retailers, brand owners, wholesale distributors, and manufacturers intelligently grow their businesses, increase customer service levels and reduce working capital."

MID's technology is designed to help retailers synchronise merchandise financial plans with customer demand at each retail location to boost in-stock performance, profitably grow their businesses, allocate merchandise, and deliver higher product availability and customer service.

On completion of the deal, its products will be integrated into the Logility suite and rebranded under Voyager Retail Optimisation.