Amer Software's Logility Unit Files Initial 2.2M Shrs
WASHINGTON (Dow Jones)--American Software Inc.'s (AMSWA) Logility Inc. unit filed for an initial public offering Tuesday of 2.2 million common shares.

Based in Atlanta, Logility develops, markets and supports software applications designed to optimize the operations of manufacturers, suppliers, distributers and retailers.

In a filing with the Securities and Exchange Commission, the company said it will be 84% owned by American Software after the offer.

Logility said it expects the shares to come to market at between $11 and $13 a share.

The company will use proceeds for research and development, sales and marketing, and for working capital and other general purposes.

Montgomery Securities and Cowen & Co. will underwrite the offering, which has an overallotment option for up to 330,000 additional shares.

Following the offering, Logility will have 13.5 million common shares outstanding.