i2 Acquires Blue Agave Software, Inc.Acquisition Allows i2 to Extend Solution Offerings to Provide End-to-End Planning and Execution Capabilities to Manufacturers and Their Retail Partners DALLAS -- i2 Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ITWO ITWO I2 Technologies (stock abbreviation, AMEX) ) today announced that it has acquired Blue Agave blue agave n. A blue-leaved Mexican agave (Agave tequilana var. weber) used especially in making tequila. Software, Inc., a provider of software application solutions designed to help consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and suppliers understand, predict and respond to daily consumer demand for every item at the store level. "Stock-outs, excess inventory, forecast variances and related replenishment issues at the store shelf-level continue to represent the most significant challenges facing Consumer Goods manufacturers and their retail partners," said i2 Chief Executive Officer and President Michael McGrath Michael 'HOPPER' McGrath is a former Irish sportsperson who played hurling with Galway in the 1980s. Michael Mc Grath, was born on the 30/6/1963 who hails from the Sarsfields club in County Galway, was an outstanding score-getter during his inter-county career. . "To address these challenges, many major retailers insist on replenishment programs that require higher fill rates, management to the store level, dramatic reductions in network inventory and lower overall costs from suppliers. With the acquisition of Blue Agave, i2 can help consumer goods suppliers to take full advantage of consumer demand signals - including point-of-sale and RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. data -to quickly take action when issues and opportunities arise, before sales are lost and consumers complain." i2's new-generation solutions for Consumer Industries are designed to help companies optimize across the multiple corporate entities in an extended supply chain in order to reduce costs, increase margins and improve end-customer delivery performance. The Blue Agave solution is a natural extension of these offerings, providing end-to-end planning and execution capabilities to manufacturers and their retail partners. The solution's ability to provide execution using shelf-level real-time point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) information enhances the current i2 planning and collaboration offerings. The solution also provides manufacturers the ability to work with the retailer to adjust the parameters of the i2 INFOREM INFOREM Inventory Forecasting and Replenishment Module (inventory control) system used by scores of major retailers around the world. In January 2007 Blue Agave was one of 10 companies ranked by Consumer Goods Technology magazine as a "Best in Class Supply Chain Solutions Provider" as part of its Readers' Choice 2007 rankings. Respondents to the Readers' Choice survey were end users who were asked to rank solutions providers based on customer experience and value delivered to their organization. i2 has added a number of Blue Agave employees to its Consumer Industries team, and intends to continue offering support to Blue Agave customers. i2 will launch the Blue Agave products as i2 POS Demand Sensing at i2 Planet, May 2-4 in Orlando, Fla. About i2 i2 helps business leaders make better supply chain decisions. i2's flexible new-generation solutions are designed to synchronize See synchronization. demand and supply across ever-changing global business networks. i2's innovative supply chain management tools and services are pervasive in a wide cross-section of industries; 20 of the AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research Top 25 Global Supply Chains belong to i2 customers. Learn more at www.i2.com. i2 Cautionary Language This press release may contain forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding i2's end-to-end planning and execution capabilities as a result of the Blue Agave acquisition, the Blue Agave solution's ability to provide execution POScast, a customer's ability to implement or integrate i2 or Blue Agave's solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 or Blue Agave solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2's financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed March 30, 2007. i2 assumes no obligation to update the forward-looking information contained in this news release. |
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