RiverOne’s multi-enterprise execution platform allows i2 to deliver enhanced supply chain management capabilities
DALLAS --
February 21, 2006i2 Technologies, Inc. (NASDAQ: ITWO) today announced that a subsidiary of i2 has acquired the assets of RiverOne, Inc. RiverOne’s software helps high-tech companies manage and control partner-based business operations. RiverOne’s customers, focused in electronics, ranged across all supply chain roles and sizes from small subsystem OEMs to the largest EMS providers.
“Supply chain management today is a multi-enterprise challenge. The next generation of supply chain solutions must address multi-enterprise business processes,” said i2 Chief Executive Officer Michael McGrath. “By acquiring RiverOne’s software, i2 adds a multi-enterprise execution platform that extends our supply chain collaboration capabilities. This is also strategic for i2 because it allows us to further expand our customer base in electronics manufacturing where i2 has a significant market share.”
“Now that i2 is on solid financial footing we can evaluate strategic acquisitions that will leverage our growth,” commented McGrath. “As part of our growth strategy, we are open to acquisitions that will expand our customer base, as well as those that will enable us to add products and services for our current customers.
RiverOne fits that profile.”
i2 expects to offer continued support to RiverOne’s previous customers and anticipates hiring a number of RiverOne employees. “RiverOne has some great employees, and we are looking forward to welcoming them into the i2 family,” added McGrath.
RiverOne’s INTERACTIVE software solution
RiverOne’s INTERACTIVE software solution is designed to enable business processes at the supply chain level, delivering integrated execution, multi-tier planning, and shared metrics through a single, multi-company business application. RiverOne’s software fosters supply chain intimacy by enabling organizations to define and drive their supply chain operations partner-by-partner, and program-by-program.
RiverOne’s Multi-Enterprise Control Systems establish shared processes, metrics and data among trading partners to plan and execute supply chain programs to achieve a single version of the truth. RiverOne’s professional services team and business consulting partners help customers redesign business processes to take full advantage of the power and flexibility of INTERACTIVE solutions.
About i2
i2 helps business leaders make better supply chain decisions. i2's flexible next generation solutions are designed to synchronize 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 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 RiverOne’s multi-enterprise execution platform enabling the extension of i2’s supply chain collaboration capabilities, the expansion of i2’s customer base in electronics manufacturing, i2’s offer of continued support to RiverOne’s previous customers, the possible hiring of RiverOne employees, a customer’s ability to implement or integrate i2 or RiverOne’s solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 or RiverOne 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 Quarterly Report on Form 10-Q filed February 7, 2006 and the Annual Report on Form 10-K/A filed August 9, 2005. i2 assumes no obligation to update the forward-looking information contained in this news release.
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For further information, please contact:
Beth Elkin
i2 Corporate Communications
469-357-4225
beth_elkin@i2.com