Stock Watch: Manugistics Gets Lift from U.S. Government

Manugistics Group, Inc. (Nasdaq: MANU) rose 8 51/64 to close at 54 5/8 Tuesday after the Rockville, Maryland-based supply-chain software maker said it won U.S. government approval to bid on federal contracts.

The company said being on the U.S. General Service Administration’s approved list of vendors is “integral” to its strategy of moving into the public sector.

“Manugistics had to meet the GSA’s highly stringent standards before being added to its approved list of vendors,” said Manugistics senior vice president of strategic solutions Jeff Holmes. “Government agencies can now experience greater efficiencies and improve customer service using solutions that have helped deliver results in the private sector for more than 20 years.”

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