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SCOTTSDALE, Ariz. - JDA Software Group Inc., which makes back-office software for businesses, said Tuesday that Wells Fargo Foothill, a unit of San Francisco-based Wells Fargo & Co., has joined a group of banks that have agreed to lend JDA money to help the company complete an acquisition.
The Scottsdale, Ariz.-based company is buying i2 Technologies Inc., a Dallas-based company that makes software for managing companies' supplier relationships. JDA said in August that it has agreed to buy i2 for $346 million in cash.
JDA noted that it still had a commitment of up to $450 million in financing from Credit Suisse and Wachovia for a debt offering to pay for the acquisition.
Earlier this week, Wachovia sold its banking operations to Citigroup for $2.1 billion in a deal arranged by federal regulators amid deepening distress in banking and the financial services industry.
JDA shares gained 24 cents to close at $15.21 Tuesday.
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