Blackstone Group LP (NYSE: BX) and New Mountain Capital have agreed to invest $570 million in JDA Software Group Inc. NMC will remain JDA’s majority shareholder. The latter acquired a stake in JDA when the target merged with rival RedPrairie Corp. in 2012.

JDA, founded in 1985 and based in Scottsdale, Arizona, develops data software that allows retailers to manage inventory and logistics based on sales, consumer demand and future forecasts. The target has more than 4,000 customers.

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