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JDA Software Announces Asset Acquisition of Vista Software Solutions
JDA Furthers Reach up the Supply Chain with New Collaborative Solutions
JDA Furthers Reach up the Supply Chain with New Collaborative Solutions
Scottsdale, Ariz. - May 5, 2003 - JDA® Software Group, Inc. today announced that it has acquired the intellectual property assets of Vista Software Solutions, an innovative provider of collaborative commerce solutions for the retail and consumer goods industry. With this acquisition, JDA will expand JDA Portfolio® with complementary software products that fully leverage Microsoft .NET, and meet the critical need for server-to-server data synchronization in Internet-based collaborative commerce.
“Portfolio Collaborative Solutions are the fastest growing part of our business and the Vista asset purchase enables us to further capitalize on this burgeoning market,” comments JDA CEO Jim Armstrong. “Data synchronization serves as the cornerstone of any solid B2B collaborative commerce initiative. Vista has uniquely addressed this requirement for retailers including Meijer, Inc. and Shaw’s Supermarkets while also delivering trade and promotion management products to such blue chip companies as SC Johnson, H.J. Heinz, J.M. Smucker Company, Dannon, Solo Cups and McCormick & Co.”
JDA has extended employment offers to approximately 20 former Vista Software sales, product management, development, services and support associates. JDA will relocate the former Vista Associates to its offices in Chicago and Scottsdale. The total purchase price is $4.3 million cash. Total revenues at Vista for the last twelve months ending March 31, 2003 were $4.3 million including $1.4 million in software revenues.
New Collaborative Offering Can Save Companies Millions of Dollars
Fully supporting the international standards developed by UCCnet, Global Commerce Initiative (GCI) and Global Standards Management Process (GSMP), the Vista business-to-business software solutions enable retailers and consumer goods manufacturers to more efficiently synchronize and integrate data, including product descriptions, product images, pricing and promotion information, throughout their supply and demand chains. Vista's solutions also enable manufacturers to more effectively manage trade promotions, forecasting, funds management, settlements, and deduction elimination.
“We’ve already helped nearly 150 trading pairs to successfully execute award winning Collaborative Planning, Forecasting and Replenishment (CPFR) initiatives and now our clients can realize even more bottom line benefits with the Vista products,” commented Peter Charness, JDA’s Chief Product Officer and senior vice president, marketing. “We can now help our clients better address the complexities and inefficiencies in trade fund management and reporting. According to the Promotional Allowance Association, manufacturers and suppliers provide $40-$100 billion in trade allowances annually to their retailers, dealers and distributors to help stimulate sales. Yet the vast majority of retailers and manufacturers struggle with ad hoc or home grown, Excel based solutions to plan and manage the process, which has been made even more complex in recent years due to FASB rulings that changed the accounting practices for how to report trade promotion expenditures.”
According to Charness, the Vista CPG products enable manufacturers to better understand how their trade funds are being tactically spent so they can drive more return from their marketing plans. “By integrating with Portfolio Vendor Incentive Management, our trade fund management solution for retailers, we will be uniquely positioned to provide the industries’ first collaborative promotion and funds management application,” adds Charness.
About the Vista Applications
Ensuring the integrity, accuracy and currency of data across the entire supply chain, Vista’s C-Commerce product suite includes:
· VistaCPG® is a web-based trade funds management solution that enables consumer goods companies to fully integrate sales, marketing, planning, finance, and customer service processes to maximize their trade promotion dollars, minimize trade deduction costs and more accurately forecast product demand. VistaCPG will fit within Portfolio Revenue Management solutions.
· VistaSupply supports data synchronization for consumer goods manufacturers by enabling them to electronically communicate product, price, and promotion information to their customers. In doing so, they are publishing to select trading partners through UCCnet, trading exchanges or peer-to-peer.
· VistaRetail allows retailers to receive and respond to product and promotion information from suppliers based on subscriptions managed in the VistaRetail application. It supports flexible product classification and organization hierarchies, message workflow, subscription management, and publication management for all publications received as XML- or EDIINT-formatted documents.
VistaSupply and VistaRetail will fit within JDA’s Portfolio Registry™, which serves as a single point of entry for master or reference file data to securely maintain and eliminate inaccuracies in product, organization, vendor and calendar data used by a company’s different technology systems.
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 email@example.com .
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 we the Vista assets will enable us to further capitalize on the collaborative market; (ii) our plans to relocate former Vista personnel to our Scottsdale office; (iii) our expectation that our collaborative clients will realize even more benefits with the Vista products; (iv) our ability to successfully integrate the Vista CPG product with Portfolio Vendor Incentive Management to produce the first collaborative promotion and funds management application; and (v) our plans to incorporate VistaSupply and VistaRetail within Portfolio Registry. Future events may involve risks and uncertainties, among which are uncertainties related to: (a) our ability to leverage the Vista products to enable us to further expand our position in the collaborative market, particularly since this market is an immature market; (b) our ability to successfully persuade a sufficient number of former Vista development personnel to relocate to Scottsdale so that are development plans for the Vista products are not negatively impacted; (c) our ability to sell, implement, support and enhance the Vista products to provide clients with significant benefits;(d) the difficulty of fully integrating products, particularly when they have been developed by different companies; (e) the difficulty of incorporating third party products within our single point of entry for master or reference file data, particularly given that we have not completed development of Portfolio Registry; and (f) 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,” “Portfolio Registry” and “Marketing Expense Management” 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.
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