DemandTec to Acquire Connect3 Systems

DemandTec here, a provider of price optimization systems for retailers and consumer products manufacturers, announced that it has signed a definitive agreement to acquire privately held Connect3 Systems, Cerritos, Calif., a provider of advertising, merchandising and promotions software, in an all-cash transaction.

SAN CARLOS, Calif. — DemandTec here, a provider of price optimization systems for retailers and consumer products manufacturers, announced that it has signed a definitive agreement to acquire privately held Connect3 Systems, Cerritos, Calif., a provider of advertising, merchandising and promotions software, in an all-cash transaction.

The transaction has been approved by DemandTec’s board of directors and is expected to close during DemandTec’s fiscal quarter ending Feb. 28.

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