81929 München, de
+49 (0)211 7026-00
JDA Acquires Assets of Engage, Inc. to Expand Revenue Management Suite
Acquisition Adds Proven Advertising, Marketing & Promotions Software Plus Blue Chip Clients
“By expanding our Portfolio Revenue Management™ suite with the Engage products, we will improve our position in the AMP market,” comments Peter Charness, JDA’s chief product officer and senior vice president, global marketing. “Thanks to an earlier partnership with Engage, we have already interfaced their flagship solution with our Marketing Expense Management™ application, which will enable us to leapfrog the competition with a comprehensive Revenue Management suite proven to boost both bottom- and top-line results.”
Continues Charness, “We also see the Engage applications adding value to other Portfolio products, including our Space Management by Intactix™ software. There is tremendous demand in the supply chain to increase planogram compliance. Our Intactix clients will be able to leverage Engage’s content management and workflow automation software to support enhanced content for planograms so they can implement new planograms faster and more accurately than ever before.”
Additional Details of JDA’s Acquisition
As the successful bidder in a Chapter 11 auction, JDA gained all intellectual property for Engage’s four current product lines that target retailers, agencies, newspapers and corporations as well as all equipment. JDA expects to spend up to an additional $800,000 for assumed liabilities, which will bring the total cost of the Engage acquisition to approximately $3.8 million.
JDA has extended employment offers to approximately 30 former Engage sales, development, services and support associates. JDA will close Engage’s headquarters in Andover, Massachusetts and establish a more appropriately configured office in the nearby area. For the nine-months ended April 30, 2003, Engage’s total unaudited revenues were $8.2 million, which included $2.3 million in software licenses, $3.1 million in maintenance revenue and $2.8 million in services revenue.
Engage Client List Includes Leading Names in Retail
With the acquisition final, JDA adds several high profile customers to its list including existing JDA client’s Albertsons, Inc., H-E-B, Kohl’s Department Stores, L.L. Bean, Meijer, Reno-Depot Inc. and The Home Depot, plus several new retail clients including Circuit City, Sears Canada, Inc. and the Sharper Image. JDA also welcomes clients from new verticals including in the newspaper and promotions industries: Associated Newspapers, The Boston Globe, The Richmond Times-Dispatch, The New York Times Co.'s Worcester Telegram & Gazette, Valpak Direct Marketing Systems, Inc. and McKinney & Silver.
JDA plans to offer these clients ongoing support of the Engage applications and will explore collaborative capabilities between the retail and publishing markets to help both parties cut time and cost out of the very complex process of producing advertising and promotional campaigns.
Engage Applications Support Digital Asset Management and Workflow Automation
This acquisition enables JDA to provide clients with a defined set of AMP processes that streamline communication and collaboration. Engage's powerful ContentServer digital asset management and workflow automation software enables the creation, approval, production and delivery of marketing and advertising content more quickly and efficiently. As a result, users reduce advertising lead-times, ensure the timely, consistent distribution of advertising circulars and promotional materials, and ultimately achieve higher ROI from their marketing programs. Other benefits that Engage’s software delivers include:
· Creates competitive advantage by accelerating time to market of complex versioned ads that target unique customer segments with market-specific product swaps or personalized messaging without time or accuracy penalties.
· Eliminates production headaches with advanced capabilities that respond to last-minute changes and competitive information.
· Facilitates increased communication and interaction among a retailer’s internal departments as well as between publishers and their ad clients with unique workflow automation and collaboration tools that support shared views of product information and messaging, key during the approval process.
About JDA Software
With more than 4,800 retail, manufacturing and wholesale clients in 60 countries, JDA Software Group, Inc. (Nasdaq:JDAS) is a global leader in delivering integrated software and professional services for the retail demand chain. By capitalizing on its market position and financial strength, JDA commits significant resources to advancing JDA Portfolio, its suite of merchandising, POS, analytic and collaborative solutions that improve revenues, efficiency and customer focus. Founded in 1985, JDA is headquartered in Scottsdale, Arizona and employs more than 1,200 associates operating from 32 offices in major cities throughout North America, South America, Europe, Asia and Australia. For more details, visit www.jda.com , call 1-800-479-RETAIL (7382) or email firstname.lastname@example.org .
This press release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding: (i) our belief that the Engage assets will improve our position in the AMP market and enable us to leapfrog the competition; (ii) our belief that the Engage applications will add value to other Portfolio products, particularly to Intactix; and (iii) our plans to continue to support the newspaper and promotions industries. Future events may involve risks and uncertainties, among which are uncertainties related to: (a) our ability to leverage the Engage products to enable us to further expand our position in the AMP market, particularly since this market is an immature market; (b) our ability to successfully interface and market the Engage products with other Portfolio products, particularly Intactix; (c) our ability to support customers in industries that are not part of our traditional market - the retail supply chain; and (d) other risks detailed in the prospectuses relating to the our 1998 public offering, and which are and will be detailed from time to time in SEC reports filed by the Company. JDA undertakes no obligation to update information in this release.
In addition to the specific risks identified in the proceeding paragraph, acquisitions involve a number of special risks, including diversion of management’s attention to the assimilation of the technology and personnel of acquired businesses, costs related to the acquisition and the integration of acquired products, technologies and employees into our business and product offerings. Achieving the anticipated benefits of any acquisition will depend, in part, upon whether the integration of the acquired products, technology, or employees is accomplished in an efficient and effective manner, and there can be no assurance that this will occur. The difficulties of such integration may be increased by the necessity of coordinating geographically disparate organizations, the complexity of the technologies being integrated, and the necessity of integrating personnel with disparate business backgrounds and combining different corporate cultures. The inability of management to successfully integrate any acquisition we may pursue, and any related diversion of management’s attention, could have a material adverse effect on our business, operating results and financial condition. Moreover, there can be no assurance that any products acquired will gain acceptance in our markets, that we will be able to penetrate new markets successfully or that we will obtain the anticipated or desired benefits of such acquisitions. Any acquisition we pursue or consummate could result our incurring debt and contingent liabilities, amortization of goodwill and other intangibles, purchased research and development expense, other acquisition-related expenses and the loss of key employees, any of which items could have a material adverse effect on our business, operating results and financial condition.
"JDA,” “JDA Portfolio,” “Marketing Expense Management,” “Portfolio Revenue Management” and “Space Management by Intactix” are trademarks or registered trademarks of JDA Software Group. Any trade, product or service name referenced in this document using the name "JDA" is a trademark and/or property of JDA Software Group. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Die Nutzung von hier veröffentlichten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Bei Veröffentlichung senden Sie bitte ein Belegexemplar an email@example.com.