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Although Warburg Pincus LLC has steadily accumulated stock in Manugistics Group Inc. in recent weeks, analysts say the private equity firm is unlikely to make a play for the ailing software company.
In documents filed with the Securities and Exchange Commission this week, Warburg disclosed that in mid-October it purchased nearly 643,000 shares in Manugistics, increasing its stake in the Rockville, Md.-based supply-chain software maker to 11%. New York- based Warburg also said it is in talks with Manugistics' management about placing a representative on its board.
Warburg would not comment on its intentions, though in its filing the firm said Manugistics represents "an attractive investment based on the company's business prospects and strategy."
Market analysts say Warburg is nurturing what the firm views as a long-term investment.
"I don't think it means anything other than Warburg Pincus is active in the supply-chain...