Business description of MANHATTAN-ASSOCIATES-INC from last 10-k form

Risk Factors

You should consider the following and other risk factors in evaluating our business or an investment in our common stock. The occurrence of adverse events described in the following risk factors or other adverse events not described in the following risk factors could have a material adverse effect on our business, results of operations, cash flow and financial condition, and could cause the trading price of our common stock to decline.

Our performance can be negatively impacted by global macroeconomic or other external influences which could have a material adverse effect on our business, results of operations, cash flow and financial condition. We are a technology company selling technology-based solutions with total pricing, including software and services, often, exceeding $1.0 million. Reductions in the

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  /s/ Peter F. Sinisgalli
  Peter F. Sinisgalli
  President and Chief Executive Officer
  February 22, 2012
  /s/ Dennis B. Story
  Dennis B. Story
  Executive Vice President, Chief Financial Officer and Treasurer
  February 22, 2012