Supply chain solutions provider JDA Software Group said that its Board of Directors has adopted a program to use up to $30 million of the company’s cash resources to repurchase shares of its common stock in the open market or in private transactions during the 12-month period ending March 10, 2010 at prevailing market prices.

The company said that it plans to implement open market repurchases through a trading plan with pre-defined limitations so as to permit repurchases under the plan during periods when the company would otherwise be precluded from trading in its shares.

As of March 10, 2009, the company had 31,500,069 shares of common stock outstanding. Oppenheimer Corporation will act as agents for the company’s stock repurchase program.

JDA CEO Hamish Brewer said: “JDA's strategy to expand shareholder value through acquisition has been consistently executed over the past 10 years. However, at the current stock price we believe that the best use of the proceeds from our record sales and profits is to buy our own stock.”