J.D. Edwards Acquires Leading Internet Supply Chain Vendor
DENVER--(BUSINESS WIRE)--May 17, 1999--
Integration of Numetrix Products Delivers Real-time, Web-based
Collaboration Among Customers, Suppliers and Trading Partners; Enables Organizations to Speed Time to Market
Enterprise business software provider J.D. Edwards & Company (Nasdaq:JDEC) announced today that it has executed an agreement to acquire privately held Numetrix Limited, a Toronto-based provider of Internet-enabled supply chain planning software. J.D. Edwards will integrate the Numetrix product suite with its existing enterprise application solutions to link customers, suppliers and trading partners in collaborative enterprise networks. This solution strongly positions J.D. Edwards to address the rapidly expanding business-to-business Internet commerce market as leading corporations demand global, integrated supply chain solutions.
The Numetrix solution is designed to permit users to plan, synchronize and optimize the management of their supply chains on a comprehensive and timely basis over the Internet. As such, it will complement J.D. Edwards own development efforts and play a key role in J.D. Edwards' e-business solution, which will be announced at the Company's international customer conference in Denver this week. The combined Numetrix/J.D. Edwards offering is designed to result in an integrated, Web-based supply chain solution that accelerates the flow of goods and services through the extended enterprise, reducing manufacturing cycle time and investment in working capital, and increasing responsiveness to customer demands.
"With today's announcement, J.D. Edwards extends its supply chain solution to further meet the demands of our global customer base," said Doug Massingill, president and CEO of J.D. Edwards. "Numetrix, with the capabilities it has developed over the years -- which are deployed by more than 100 customers in 1,500 installations -- is recognized as a technology and market leader. I believe that with this acquisition, we will offer the only complete, integrated supply chain and enterprise software solution, and be ideally positioned to address the Internet-based business-to-business commerce market." According to Forrester Research, an industry analyst firm, Internet-based business-to-business commerce is expected to become a $1.3 trillion market by 2003.
"This is great news for J.D. Edwards and Numetrix customers because it provides them with the best of both worlds -- strong functionality for planning and execution, plus the ability to realize the benefits of a truly integrated global supply chain," said Ed Sitarski, vice president, research and development, with Numetrix. "We look forward to joining the J.D. Edwards organization and culture, which are wholly synergistic with ours."
Under the terms of the agreement, J.D. Edwards will acquire the stock of Numetrix for approximately $80 million cash in a purchase accounting transaction. The acquisition is expected to be accretive to cash earnings and slightly accretive to GAAP earnings by late fiscal 2000. Closing is expected to be in June.
Powerful Solutions, Compatible Architectures
The solution from Numetrix supports the adaptability of J.D. Edwards' ActivEra(TM) business model, and the Company's Idea to Action(TM) value proposition. By decreasing process time and increasing asset utilization, the solution is designed to provide agility -- both in terms of more effective business decisions in the face of changing market conditions, and ultimately greater control over changing technologies. At the functionality and process levels, the Numetrix/3 supply chain management solutions complement J.D. Edwards' SCOREX supply chain initiative. In addition, Numetrix/xtr@ is the first product to market that offers supply chain management solutions utilizing the Internet.
Numetrix's innovative systems architecture (DOMA, or Distributed Object Messaging Architecture) alerts users to relevant changes anywhere within the supply chain, prioritizes the messages for each user in order of importance, and provides every participant with optimization tools for managing change anywhere in the supply chain. J.D. Edwards' product architecture is similarly object-based, enabling enterprise applications to be modified easily with ActivEra during or after implementation, so customers can better respond to marketplace opportunities. Taken together, J.D. Edwards' and Numetrix' network-centric approach to business computing provides for intelligent collaboration, allowing users to communicate more efficiently with suppliers and customers, and execute business processes rapidly for competitive advantage.
Availability
The Numetrix solution is available immediately. It will remain available standalone, and a version integrated with J.D. Edwards supply chain execution software is currently expected to be delivered in late calendar 1999.
About Numetrix
Numetrix is a leading provider of collaborative supply chain management solutions designed to make companies with complex material sourcing, manufacturing and distribution networks more competitive and profitable. The Company has been developing decision support systems for over 20 years and its supply chain solutions now extend to the Internet, creating the capability of linking manufacturers and distributors with their suppliers and customers along entire supply chains, providing a powerful alternative to the traditional transaction process. Its products include Numetrix/3, a message-aware software solution designed to plan and optimize the supply chain across an enterprise; and Numetrix/xtr@, a software solution designed to plan and optimize the supply /demand network between enterprises and across entire industry sectors via the Internet. Additional information can be obtained by contacting Numetrix at 416/979-6797, or via the Internet at www.numetrix.com.
About J.D. Edwards
J.D. Edwards provides Idea to Action(TM) software for managing the enterprise and supply chain. The Company's integrated applications give customers control over their front office, manufacturing, 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 the J.D. Edwards SCOREX and AIMX supply chain solutions, and OneWorld(TM)and WorldSoftware(TM)enterprise business software. ActivEra allows customers to change their enterprise 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 1998 revenues of $934 million. Additional information can be obtained by contacting the Company at 1-800-727-5333, in Canada at 416/979-7700, or via the Internet at www.jdedwards.com.
Note to Editors: 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.
CONTACT:
J.D. Edwards
John Sawyer, 303/334-2558
john_sawyer@jdedwards.com
or
The Weber Group
Alexa Hanes, 650/463-8671
ahanes@ca.webergroup.com
or
Linda Song, 650/463-8614
lsong@ca.webergroup.com |
