London --
February 11, 2004
i2 Technologies, Inc. (OTC: ITWO), a leading provider of end-to-end supply chain management solutions, today announced the appointment of SCM Technologies as its lead distribution partner for Russia and the Commonwealth of Independent States (CIS). The company, which will operate under the name of i2 CIS, will market, sell and implement i2 solutions to companies predominantly in the retail, energy and metals industries.
"i2 CIS has a growing client base and reputation for excellence in supply chain management," says Ken Adcock, vice president, EMEA alliances, i2. "With its commitment to quality and customer service, we are confident in its ability to achieve success and build a reputation as the premier supply chain management organisation in the CIS region. We share many common goals and are delighted to be working together."
SCM Technologies was founded in 2002 to provide world-class supply chain management solutions and services to companies in the former Soviet Union. As i2’s lead distribution partner for the region, the company will now focus solely on the sale [of i2 solutions. The company is changing its name to i2 CIS to demonstrate its commitment to the i2 brand and to help it capitalise on growing demand for supply chain management (SCM) solutions.
"We see a huge potential for i2 solutions in Russia and the CIS region, as companies seek to introduce Western best practices to help them improve operational efficiency and compete more strongly in global markets," said Igor Karpatchev, general director, i2 CIS. "Russian companies are experiencing a period of rapid changes and fierce competition and we are committed to helping them reduce inventory, save costs, raise customer service and improve business performance through the use of i2 solutions. It is our goal to become the number one provider of supply chain management solutions in Russia and the CIS."
i2 offers a range of software solutions that are designed to improve critical business processes, deliver measurable business value and help companies obtain and maintain a competitive advantage.
i2 CIS will initially focus on the energy, metals and retail markets, where regional demand is currently strongest for supply chain solutions. The company plans to establish a Centre of Competence for supply chain solutions, where SCM specialists will be available to advise customers.
"Our success will be determined by the success of our customers," said Martin Harutunian, deputy general manager of strategic development, i2 CIS. "We build true partnership relationships with our customers, while helping them to reorganise their business operations, enhance their competitive strengths and improve their customer service."
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About i2 CIS
Based in Moscow, [i2 CIS] is committed to optimising the supply chain operations of the leading enterprises in Russia and other CIS (Commonwealth of Independent States) countries. As an i2 distribution partner in the region, it will market, sell, implement and support the full range of i2 solutions.
About i2
A leading provider of end-to-end supply chain management solutions, i2 designs and delivers software that helps customers optimize and synchronize activities involved in successfully managing supply and demand. i2 has more than 1,000 customers worldwide--many of which are market leaders--including seven of the Fortune global top 10. Founded in 1988 with a commitment to customer success, i2 remains focused on delivering value by implementing solutions designed to provide a rapid return on investment. 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 the customer's ability to implement or integrate i2 solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 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 filed on July 21, 2003 and the Quarterly Report on Form 10-Q filed on November 14, 2003. i2 assumes no obligation to update the forward-looking information contained in this news release.
For further information, please contact:
Sarah Sherman
i2 Technologies, Inc.
+44-1344-756525
sarah_sherman@i2.com
