J.D. Edwards Acquires Australia/New Zealand Business Partner
Acquisition Solidifies J.D. Edwards' Strong-Hold in Asia Pacific Market
DENVER, Feb. 21 /PRNewswire/ -- J.D. Edwards & Company (Nasdaq: JDEC), a leading provider of e-business solutions that deliver speed and agility, announced today that it has executed an agreement to acquire its longstanding business partner serving Australia and New Zealand, J.D. Edwards New Zealand Ltd. With this acquisition, J.D. Edwards strengthens its sales and service operations and expands its reach into the burgeoning Asia Pacific region. The integration of the two companies will enable J.D. Edwards to further leverage joint business and sales channel strengths in Australia and New Zealand to better serve its customers, while positioning the company for market dominance in the region. Terms of the transaction were not disclosed. The transaction will be accounted for as a purchase, and is expected to close in early March.
J.D. Edwards will add approximately 250 employees to its roster. Eight offices -- in Adelaide, Auckland, Brisbane, Christchurch, Melbourne, Perth, Sydney and Wellington -- will become J.D. Edwards offices, bringing the total number of offices worldwide to over 60.
"We have enjoyed a strong partnership with our colleagues and customers in Australia and New Zealand since 1985, when we signed our first distributorship in this territory," said Doug Massingill, CEO and president of J.D. Edwards. "We look forward to further strengthening these relationships as we formally unify this region with the rest of J.D. Edwards' international operations, bringing customers and partners the opportunity to enter the New Economy at full speed."
Richard Mathews has been named vice president and managing director for J.D. Edwards Australia / New Zealand. Glenn Tubb, formerly managing director of J.D. Edwards New Zealand Ltd, will serve as J.D. Edwards' vice president of supply chain planning and execution based in Denver. Other key executives that will take positions within J.D. Edwards include David Eddy, director of client services and business development; Glenn Wright, director of marketing and sales execution; David Batkin, business unit director, New Zealand; Mike Welsh, business unit director, Australia's South region, and Bob Trbjevoich, business unit director for Australia's North region. Under the leadership of this management team, the new business unit will serve as one of J.D. Edwards' primary Asia Pacific operations centers.
"J.D. Edwards' E-Business vision is setting an example for companies around the world that want to get to market faster and focus on their competitive advantage and business strategy. The company has successfully built solid relationships across the globe -- and now, is forging an even tighter business relationship in the largest IT market in the Asia region, after Japan," said Richard Mathews, vice president and managing director, J.D. Edwards Australia / New Zealand. "We are excited to be a part of J.D. Edwards' progressive growth strategy, and to join an organization with a time-tested culture that complements ours."
About JDEAUS and JDENZ
Sister companies JDEAUS and JDENZ have historically served as distributors of J.D. Edwards' enterprise software solutions and services under J.D. Edwards Business Partner Agreement. As such they provide software license sales, implementation and support to 230 WorldSoftware(TM) and 66 OneWorld (TM) customers in Australia and New Zealand. The companies also maintain consulting alliances, platform alliances and business relationships with world-leading technology providers.
About J.D. Edwards
J.D. Edwards provides Idea to Action(TM) software for managing the virtual enterprise and supply chain. The Company's integrated applications deliver e-business solutions that deliver speed and agility for front office, manufacturing, supply chain, logistics/distribution, human resources and finance processes for the consumer products, industrial and services industries. J.D. Edwards enables Idea to Action with ActivEra(TM), a collection of tools and technologies that extend J.D. Edwards' OneWorld(TM) and WorldSoftware(TM) enterprise business software and its active supply chain planning solutions. ActivEra allows customers to change their software quickly and easily during and after implementation. The Company's solutions operate in multiple computing environments, including Windows NT(R), UNIX(R) and OS/400(R), and are Java(TM) and HTML enabled.
Founded in 1977, J.D. Edwards is headquartered in Denver and posted fiscal 1999 revenues of $944.2 million. Additional information can be obtained by contacting the Company at 800-727-5333, or via the Internet at www.jdedwards.com.
NOTE: J.D. Edwards is a registered trademark of J.D. Edwards & Company. The names of all other product and services of J.D. Edwards used herein are trademarks and registered trademarks of J.D. Edwards World Source Company. The historical results stated above are not necessarily indicative of the results of any future period.
SOURCE J.D. Edwards & Company
CO: J.D. Edwards & Company
ST: Colorado
IN: CPR MLM
SU: TNM
02/21/2000 16:00 EST prnewswire.com |
