In a letter to Kinaxis’s board sent Monday, New York-based Daventry Group said the Ottawa-based supply-chain software provider company should explore a sale to “maximize shareholder returns and minimize execution risk.” In a statement not attributed to a specific executive, Kinaxis said its directors will review the communication and said it was disappointed Daventry had gone public with its demand. (The Logic)

Talking point: Daventry said Kinaxis has underperformed for years, citing a drop in the company’s share price as other firms selling supply-chain software have seen their stocks rise.  The asset manager claims Kinaxis is suffering from mismanagement by its current board. Daventrys calling for a sale now because Kinaxis is about to lose CEO John Sicard, who announced his retirement last month, as well as chief sales officer Claire Rychlewski. Daventry said it owns about 1.4 per cent of the company’s outstanding shares; that’s not typically enough to force action. Kinaxis has a market capitalization of about $4.2 billion. Its shares closed up 3.95 per cent on the Toronto Stock Exchange on Monday.