Acxiom(R) Extends Retail Solutions with Acquisition of Equitec.LITTLE ROCK, Ark. -- Acxiom([R]) Corporation (Nasdaq: ACXM) today announced it has expanded and enhanced its retail business solution capabilities with the acquisition of Equitec, based in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. . The acquisition pairs Acxiom -- a global leader in customer information management and technology -- with Equitec, a business with strong marketing and merchandizing optimization expertise in the retail industry. All Equitec principals are being retained and will continue to lead this practice in support of the company's retail market growth strategies. Terms of the asset purchase were not released. Acxiom expects the transaction to be accretive to earnings in fiscal 2008. "This acquisition enables Acxiom to offer a unique combination of custom consulting and analysis, deep customer insight and standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. assessment that accelerates financial return for retailers," said Acxiom Company Leader Charles D. Morgan. "Retailers will be able to confidently adjust merchandise assortments, to better predict market and store potential, to accurately assess new product launch opportunities and to clearly identify underserved markets and segments, all derived from the unique needs of consumers in individual store trading areas." The acquisition solidifies a successful business relationship that dates to 1999 when the two companies initiated the Market Advantage joint venture. That experience generated numerous client results including the generation of $14 million in new business on a $100 million base; a reduction of $17 million in working capital in the first year of an allocation re-program; and identification of $160 million in revenue in underserved markets for a leading specialty retailer. "Retail is increasingly a difficult business in which to prosper," said Mike Henry, Chief Executive Officer and founder of Equitec. "It's no longer good enough to know 'what's selling;' increasingly 'who's buying' matters more. Progressive retailers will locate stores, adjust their formats and allocate and assort as·sort v. as·sort·ed, as·sort·ing, as·sorts v.tr. 1. To separate into groups according to kind; classify. 2. To supply with (an appropriate variety or assortment, as of goods). merchandise more frequently through the lens of deep consumer insight." "Acxiom now has the capability to diagnose diagnose /di·ag·nose/ (di´ag-nos) to identify or recognize a disease. di·ag·nose v. 1. To distinguish or identify a disease by diagnosis. 2. , build, deliver and leverage solutions that enable retailers to respond more confidently and accurately to consumer buying behavior within current or planned trading areas," said Tim Suther, Acxiom Retail Client Services Leader. "We will accelerate time-to-benefit for those retailers seeking to better understand consumer behavior and its influence upon merchandizing, marketing, operations decisions and profits." As Acxiom associates, Equitec's employees will continue to provide industry-leading service to clients in retail, manufacturing and travel sectors. Notable Equitec clients include Black & Decker, The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , EarthLink, General Electric, KB Home, Masco Companies, Sabre Holdings Sabre Holdings or Sabre, Inc. is an American travel technology company, encompassing several brands in three global travel distribution channels: travel agency, airline, and direct to consumer. These areas are serviced by TSG's three main business groups. , Saks and Travelocity. Equitec's headquarters are in Cleveland, Ohio, and it has a regional office in Colorado. About Acxiom Corporation Acxiom Corporation (Nasdaq: ACXM) integrates data, services and technology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. The core components of Acxiom's innovative solutions are Customer Data Integration (CDI CDI compact disc interactive: a system for storing a mix of software, data, audio, and compressed video for interactive use under processor control ) technology, data, database services, IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , consulting and analytics, and privacy leadership. Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry , with locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe, and in Australia, China and Canada. For more information, visit www.acxiom.com. Acxiom is registered trademark of Acxiom Corporation. |
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