i2 and Net Perceptions Announce Product Integration and Reseller Relationship Headlines
Last Change
04/06 10:46
Combined Solution to Offer Sophisticated Behavior-Based Segmentation and Profiling Through the Use of Realtime Data Analytics
MINNEAPOLIS and DALLAS, April 6 /PRNewswire/ -- Net Perceptions, Inc. (Nasdaq: NETP) today announced that i2 Technologies, Inc. (Nasdaq: ITWO) plans to license Net Perceptions' Knowledge Refinery for integration into i2's TradeMatrix? business-to-business (B2B) and business-to-consumer (B2C) marketing, commerce, fulfillment and customer care solutions. i2 will also resell Net Perceptions' Greenlight Retail Discovery Suite and its full line of realtime recommendation products for e-commerce, call centers and e-mail campaign management. Net Perceptions' analytical marketing products complement i2's TradeMatrix solutions, providing increased value to the joint customer base.
Net Perceptions' software solutions will provide behavioral-based market segmentation and profiling capabilities to TradeMatrix users. In addition to broadening i2's e-marketplace solution, Net Perceptions' products will be sub-licensed by i2's sales force - expanding Net Perceptions' reach and distribution in both the B2B and B2C markets.
The i2 and Net Perception solution is intended to allow businesses to leverage both inbound and outbound information across the entire customer-to-supplier relationship. This information includes a detailed knowledge of customer preferences seamlessly linked with a comprehensive view of multi-enterprise resources and objectives. The powerful combination is designed to assist businesses in recommending and promising the correct product to targeted customers, on time and at the best price.
In addition to the integration of Net Perceptions' Knowledge Refinery product, i2 will sub-license Net Perceptions' Retail Discovery Suite, Net Perceptions for Call Centers, Net Perception for Marketing Campaigns and Net Perceptions for E-commerce. These products will augment and strengthen i2's existing e-commerce and personalization capabilities.
"i2 will leverage Net Perceptions' robust analytic functionality to optimize customer interactions and create additional lifetime customer value," said Hiten Varia, i2 executive vice president. "With Net Perceptions' solutions, we will be able to collect and analyze detailed customer information and then use it to maximize multi-enterprise resources. This should lead to significant measurable value to TradeMatrix marketplace participants."
"The relationship with i2 significantly expands Net Perceptions' B2B presence while further establishing our leadership position as one of the premier enterprise-wide personalization solutions for multi-channel businesses," said Steve Larsen, Net Perceptions senior vice president. "Using our collaborative filtering applications and retail intelligence products combined with i2's TradeMatrix solutions, multi-channel businesses will be able to better identify when to offer what products to which customers."
About i2
i2 is the leading global provider of intelligent eBusiness solutions. Founded in 1988, i2's vision is to add $50 billion of value for its customers by the year 2005. i2 is headquartered in Dallas, Texas, has approximately 3,200 employees and maintains offices worldwide. For additional information, visit i2 on the Web at i2.com
TradeMatrix is a comprehensive electronic business solution that enables companies to deploy business-to-business and business-to-consumer portals. TradeMatrix offers the broadest spectrum of solutions and hosted services available including procurement, commerce, fulfillment, customer care, retail, planning and product development enabling customers, partners, suppliers and service providers to conduct business in real-time. TradeMatrix services and marketplaces are powered by i2's advanced optimization and execution capabilities for improved decision-making.
About Net Perceptions
Net Perceptions is a leading provider of realtime personalization and precision marketing software solutions for Internet and multi-channel retailers. Its software is designed to help retailers understand customers individually, optimize product assortments, prices and inventories and offer the right product to the right customer at the right price. On February 14, 2000, Net Perceptions completed its acquisition of Knowledge Discovery One (KD1); a provider of advanced data analysis solutions for multi-channel and dot.com retailers. Net Perceptions' customers include many of the world's best-known brands including: Art.com, Bertelsmann, The Children's Place, Egghead.com, eToys.com, Fingerhut, Hudson's Bay Company, J.C. Penney, Procter & Gamble, Tower Records and Walgreens. Incorporated in Delaware, July 3, 1996, the company has offices in Minneapolis, San Francisco, New York, Austin, Texas, Richardson, Texas, and Berkshire, U.K.
Net Perceptions is a registered trademark of Net Perceptions Inc. All other trademarks are the property of their respective owners. This news release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the company's limited operating history, delays in product development, development of the Internet market, changes in product pricing policies, competitive pressures and the risk factors detailed from time to time in the company's periodic reports and registration statements filed with the Securities and Exchange Commission.
This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding the expected delivery and benefits of use of i2's products. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion factors, which could impact i2's financial results, please refer to the Company's recent filings with the SEC, particularly the Form 10-K filed March 22, 2000.
i2 and the i2 logo design are registered trademarks of i2 Technologies, Inc. TradeMatrix is a trademark of i2 Technologies, Inc. |
