ScovilleUnits
14 years ago
CleanUp ~ JDA Software Completes Acquisition of ITWO
Press Release Source: JDA Software Group On Thursday January 28, 2010, 11:15 am EST
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--JDA® Software Group, Inc. (NASDAQ:JDAS - News) today announced that it has completed the acquisition of i2 Technologies, Inc. (NASDAQ: ITWO - News) in a transaction valued at approximately $604 million, or $19.79 per common share. By finalizing the acquisition, JDA solidifies its position as one of the world’s leading providers of supply chain management and pricing solutions with the addition of i2’s 400-plus customers and robust, patented manufacturing, supply chain, retail and transportation solutions. This acquisition brings together two market leaders, resulting in JDA’s ability to provide the most comprehensive, integrated supply chain offering, spanning from materials to the consumer. Together, the combined company’s customer base comprises more than 6,000 companies worldwide in the discrete and process manufacturing, wholesale distribution, transportation, retail and services industries.
“With the close of the i2 acquisition, we’ve achieved an exciting milestone and an important and consistent next step in our strategy of becoming the foremost end-to-end supply chain solutions provider. JDA’s and i2’s combined resources, talent and track record create a platform for accelerated innovation, expanded service and support, and improved delivery of the results that matter most to our customers,” said JDA Chief Executive Officer Hamish Brewer. “The addition of i2 doubles JDA’s market for advanced planning and optimization solutions in all targeted manufacturing verticals, enabling us to address the complexities of discrete manufacturing, complement our leadership in process manufacturing, strengthen our presence in transportation and increase traction in Tier 1 and Tier 2 markets. Backed by financial strength, an impressive customer base and our unmatched services and solutions offerings, we believe that the new JDA is the world’s most comprehensive supply chain software company.
“With near-term synergies in operations, administrative functions and infrastructure costs expected to produce annual savings of approximately $20 million, we anticipate that the acquisition will significantly improve operational leverage and produce strong financial results going forward,” added Brewer.
The potential realized through the combination of these two supply chain leaders is already resonating in the marketplace.
“With its acquisition of i2, JDA is now the leading solutions provider focused on delivering world-class software and services across the global supply chain,” said Bill Bryan, director of supply chain and supply chain economics, at The Timken Company, a global manufacturer of highly engineered bearings, alloy steels and related components and assemblies. “JDA plus i2 is a powerful combination. As a long-time customer of both companies and an active member and chairman of the i2 User Group, I am looking forward to learning more about the substantial value that the new combined company can deliver to businesses worldwide.”
Executive and Senior Management Appointments
As part of the acquisition, former i2 executives Aditya Srivastava and Kelly Thomas will join JDA’s executive and senior management team. Srivastava is the combined company’s Senior Vice President and Chief Technology Officer and Thomas is Senior Vice President, Manufacturing. JDA also promoted Namita Dhallan to Chief Product Officer and Salil Joshi to Regional Vice President of JDA’s Center of Excellence in India. For more information about JDA’s executive and senior management team, please visit http://www.jda.com/company/executives.html.
Financial Terms of the Acquisition
Under the terms of the merger agreement, each issued and outstanding share of i2’s common stock was converted into the right to receive $12.70 per share in cash and 0.2562 shares of JDA common stock with a combined value equal to $19.79 per share (“common stock merger consideration”) based on JDA’s closing stock price on Jan. 27, 2010. Each issued and outstanding share of i2’s Series B Convertible Preferred Stock was converted into the right to receive $1,101.92 per share in cash, which includes accrued and unpaid dividends through the closing date. In addition, the vesting of all outstanding i2 stock options and substantially all restricted stock units was accelerated and the holders of such equity awards were entitled to receive the common stock merger consideration less any exercise price of such equity awards.
JDA used the proceeds from its previously issued $275 million senior notes offering and a portion of the companies' combined cash balances at closing to fund the cash obligations under the merger agreement and related transaction expenses.
Goldman Sachs acted as exclusive financial advisor to JDA and DLA Piper US LLP acted as JDA’s legal counsel. Thomas Weisel Partners acted as exclusive financial advisor to i2 and Munsch Hardt Kopf & Harr, P.C. acted as i2’s legal counsel.
JDA 2010 Outlook Conference Call
JDA has scheduled an analyst call on Tuesday, Feb. 16, 2010 at 11 a.m. EST to discuss its 2010 Outlook. A live audio webcast of the conference call can be accessed by logging onto www.jda.com in the Investor Relations section. To listen to the conference call via telephone, dial 1-877-941-4774 (United States) or 1-480-629-9760 (international) and ask the operator for the “JDA Software Group, Inc. 2010 Outlook Conference Call.” Participation will be in listen-only mode. A replay of the conference call will be available beginning at approximately 2 p.m. EST on Feb. 16 through Feb. 28. To hear a replay of the call over the Internet, go to www.jda.com.
JDA’s 2010 Outlook press release is expected to be issued the morning of Feb. 16 and will be available online at www.jda.com.
ScovilleUnits
15 years ago
03/04/2009 ITWO: Filed New Form 424B3,
P R O S P E C T U S
i2 TECHNOLOGIES, INC.
5,402,543 Shares of Common Stock
We have prepared this prospectus to allow the selling stockholder we have identified herein, including its transferees, pledgees, donees and successors, to offer for resale up to 5,402,543 shares of our common stock issuable upon conversion of up to 125,069 shares of our 2.5% Series B convertible preferred stock, par value $.001 per share (“Series B Preferred Stock”), at the rate of 43.1965 shares of common stock per share of Series B Preferred Stock. See “Description of Capital Stock – Preferred Stock” and “Selling Stockholder.”
Selling Stockholder: R2 Top Hat, Ltd. (1)
Number Percentage Number Percentage
4,721,507 (2) 17.7 %(3) 5,402,543 (4) 0 *
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6182409
ScovilleUnits
15 years ago
Someday M&A
By ERIC J. SAVITZ
MONDAY, MARCH 2, 2009
TECHNOLOGY TRADER
Merger prospects.
EVEN IN THIS CRUMMY ECONOMY, MANY TECHNOLOGY companies find themselves with mountainous, Everest-like piles of cash. And what are they doing with all their money? Nothing. They're not buying back much stock; they're certainly not handing it back to holders in the form of dividends; and they've largely stopped using the stuff to make acquisitions.
Apple (ticker: AAPL), for instance, has $28 billion, or about 35% of the company's market cap, in cash and investments. Cisco (CSCO) has $31 billion in cash, 37% of its market value. Dell (DELL) has $9.5 billion, 58% of its market cap. Sun Microsystems (JAVA) has $3 billion, a whopping 85% of its market cap. EMC (EMC) has $8 billion. Google 's (GOOG) got just under $16 billion. Microsoft (MSFT) has $25 billion and Oracle (ORCL), $10.6 billion.
And, all this cash is sloshing around -- those eight companies alone have a combined $131 billion -- at a time when stocks are trading at the lowest levels in more than a decade, and short-term returns on cash are practically nil. You'd think somewhere along here, some companies would start shopping.... Well, wouldn't you?
You would, except for the fact that the average chief financial officer suddenly behaves remarkably like Scrooge McDuck, preferring to count the cash rather than actually putting it to work. The standard explanation is that in this environment, cash is king, there's too much uncertainty, the credit markets are still largely frozen, so it's better to wait. That's part of the equation, sure, but it also reflects the fact that there is a difference between cheap stocks and companies desperate for an exit. Ergo, SanDisk (SNDK), Cablevision Systems (CVC), Take-Two Interactive (TTWO), International Rectifer (IRF) and, most notoriously, Yahoo! (YHOO) all turned down deals and now trade at much lower levels, costing holders billions. Managements don't want to hold fire sales. So we've got reluctant sellers as well as reluctant buyers. Ergo, no deals.
But you can be sure that at some point, there will be a thaw in the frozen deal market. Bernstein Research analyst Toni Sacconaghi wrote a report last week on what the hardware companies he follows might do in terms of mergers and acquisitions in the months ahead -- and he thinks there will in fact be some bargain-hunting. Sacconaghi notes that since 2002, the hardware outfits he covers have acquired 188 companies, and that 86% of the targets have been software or services companies. Why? Because they have higher margins and more dependable, annuity-like revenue streams. IBM (IBM) is the textbook case; having shed its personal-computer, disk drive and printer units, it gets more than 90% of its pretax profit from software and services.
In 2008, says Sacconaghi, the companies he follows did just 31 acquisitions, the slowest pace in three years. Worse, just seven of them occurred in the second half, "a clear indicator of companies' preference to accumulate cash in the face of a severe economic downturn and uncertain valuations." For '09, he expects "moderate" deal flow, driven by those mounting green piles (up in the aggregate 61% since '02), the sub-1% returns on cash, and attractive valuations for potential targets.
Bear Market Ills: The president's plan for generic biotech drugs scared investors in Amgen and Genzyme. For the week, the Nasdaq dropped 4.4 %, to 1378.
So who might get bought? There are lots of juicy targets. Sacconaghi came up with 111 U.S.-listed software firms with market caps under $5 billion that screened attractively on one of Bernstein's valuation models. Those that rank as most attractive, he says, include SPSS (SPSS), Epicor Software (EPIC), Vignette (VIGN), i2 Technologies (ITWO), Fair Isaac & Co . (FIC) and ModusLink Global Solutions (MLNK). But there are dozens of other possibilities. As for the buyers, he thinks the most active will be Dell, EMC and IBM. Since the beginning of 2007, he counts seven acquisitions by Dell, 13 by EMC and 16 by IBM. And it's hard to imagine that Cisco and Oracle, two of the most acquisitive players in Silicon Valley, will stay out of the fray.
The most fascinating situation involves Apple, which pays no dividend, doesn't aggressively buy back stock, and rarely makes acquisitions. Every quarter, its money pile climbs higher. Maybe they'd like a nice bank? (Bank of iMerica?) Or how about a car company? Plug-in hybrid, four-wheel drive iPhones? Who wouldn't want one of those?
http://online.barrons.com/article/SB123577838443997567.html
ScovilleUnits
15 years ago
i2 to Repurchase Certain 5% Senior Convertible Notes
Friday , February 06, 2009 15:48ET
DALLAS, Feb 06, 2009 (BUSINESS WIRE) -- i2 Technologies, Inc. (NASDAQ:ITWO) today announced that it has entered into a consent and purchase agreement with the majority holder of the company's 5% senior convertible notes (the "Holder"), to purchase all of the notes owned by the Holder. The Holder beneficially owns $58,146,000 of the company's notes outstanding. After purchasing these notes, $28,104,000 in aggregate principal amount of the notes will remain outstanding.
i2 agreed to purchase the notes owned by the Holder for a purchase price of $997.50 per $1,000.00 of original principal amount plus accrued and unpaid interest. The total payment to repurchase the notes as of February 6, 2009 is $58,654,777.50. The purchase of the notes will occur on or before February 10, 2009.
As the majority holder of the outstanding notes, the Holder has irrevocably consented to amendments to the notes' indenture. The amendments provide for, among other things, the removal and deletion of the following restrictive covenants contained in the indenture: Section 6.2 (SEC Reports), Section 6.5 (Maintenance of Corporate Existence), Section 6.6 (Rule 144A Information Requirement), Section 6.11 (Incurrence of Indebtedness), Section 7.1(3) (No Event of Default After Giving Effect to Transaction), Section 8.1(a)(5) (Failure To Perform Other Covenants), Section 8.1(a)(6) (Cross Default/Acceleration), and Section 8.1(a)(7) (Judgments). The amendments will become effective immediately prior to the purchase of the notes.
For additional details, please see the company's Form 8-K filing made with the SEC today on the SEC filings page of the investor relations section at www.i2.com/investor.
8K - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6114427
Golden Cross
18 years ago
i2 and the i2 User Group Present the Ken Sharma Award for Excellence to ADTRAN, Nicholas Piramal India Limited and VF Corporation
Friday May 12, 11:56 am ET
Global Supply Chain Industry Leaders Are Recognized for Groundbreaking Best Practices
LAS VEGAS--(BUSINESS WIRE)--May 12, 2006--i2 Technologies, Inc. (Nasdaq:ITWO - News) and the i2 User Group, today announced the global winners of the annual Ken Sharma Award for Excellence at i2 Planet 2006. Global winners ADTRAN Inc. and Nicholas Piramal India Limited were selected by an independent panel of AMR Research analysts judging the entries based upon the quality of the application, implementation depth and breadth, time to value, innovation and overall value. In addition to these global Ken Sharma Award winners, VF Corporation received the Chairman's Award from i2 Chairman and Founder Sanjiv Sidhu, recognizing the company for its innovation in supply chain management and business process optimization.
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The annual Ken Sharma Award for Excellence recognizes companies and project teams involved in breakthrough best practices in all major global industries. Hundreds of i2 customers are eligible to receive the award, named in memory of i2 Co-Founder Ken Sharma, one of the pioneers of supply chain management technology.
"AMR Research has found that companies that have superior supply chain management techniques have 60 percent better profit margins, 65 percent better Earnings Per Share (EPS), and two-to-three times higher Return on Assets (ROA) than their peers," said Lora Cecere, Research Analyst, AMR Research. "Ken Sharma was a visionary in his thinking about supply chain management, and we are proud to participate in recognizing companies that use i2 Technologies' solutions to exemplify his vision of superior supply chains."
"Ken Sharma was a great supply chain visionary and these awards honor and recognize the foresight necessary for businesses in this competitive landscape," said i2 User Group Chairman Ravi Vancheeswaran. "Through this award program and the conferences in which we participate, i2 users around the globe and across all industries have the opportunity to learn how to successfully overcome industry challenges by implementing proven supply chain management solutions."
"These companies are leading the charge in the industry by using their supply chains as a competitive weapon. i2 is dedicated to solving next-generation supply chain challenges and bringing solutions and services to the market that can help our customers become industry leaders," said i2 Chief Customer Officer Barbara Stinnett. "Congratulations to all Ken Sharma Award winners. We look forward to bringing our customers additional success in the future as we continue to serve as a strategic supply chain advisor."
ADTRAN
ADTRAN is a leading supplier of network access equipment for Networking and telecommunications applications. The company implemented i2 solutions to decrease excess inventory and free up working capital.
ADTRAN leverages i2 solutions to better manage its material requirements planning and business processes. Using these solutions, the company reports it has improved inventory visibility and planning cycle times. ADTRAN is able to more effectively manage its material requirements planning and business processes. Using these solutions, the company reports it has improved inventory visibility and planning cycle times. The company also has enhanced its inventory visibility and benefits from daily inventory feeds from its contract manufacturers. This enables the company to see the impact of supply from its manufacturers and suppliers to gain complete visibility into its supply chain and determine how to best accommodate customer demand. This has allowed ADTRAN to become even more responsive to its customers.
The company performs a regular what-if analysis to evaluate its supply chain from a time and cost perspectives allowing the company to examine the impact of various scenarios across the supply chain. As a result of using i2 solutions, ADTRAN has become even more agile and more responsive to customers, which is a significant step toward the company's goal of a demand- driven supply network.
Nicholas Piramal India Limited
Nicholas Piramal India Limited (NPIL), a leading pharmaceutical company in India, has grown significantly through various acquisitions since its founding in 1988. NPIL implemented i2 solutions to centralize its planning activities and forecast its domestic business activities.
NPIL leverages i2 solutions across the organization to load its transaction data from its ERP system into the i2 software and run a complete model forecast. Using i2 solutions, the company can provide better forecast accuracy and improvements. Final forecasting data can be leveraged for production planning and reporting across the company's sales information systems.
The company reports the successful use of these solutions has resulted in a 20 percent improvement in forecast accuracy and a reduction in material inventories by almost 30 percent. Working with i2 also has resulted in the synchronization of material planning with capacity manufacturing and more efficient production schedules. NPIL runs its entire factory plan in one database to complete production plans, material procurement and production scheduling. NPIL has improved its overall coordination and visibility for more streamlined and continuous planning operations and the company's data management has significantly improved to allow better analytical capabilities.
Chairman's Award Winner: VF Corporation
VF Corporation is a global leader in branded apparel including jeanswear, outdoor products, intimate apparel, image apparel and sportswear. To meet the requirements of its ever changing business environment, VF implemented i2 tools for production planning and order promising.
VF uses i2 solutions for master planning and capacity planning, allocation planning and order promising, and reporting. Leveraging these solutions for sophisticated supply chain planning as well as order promising and workflow development, VF models multiple complex demand driven supply chains each with varying degrees of inventory and capacity constraints. VF reports it has saved millions of dollars leveraging i2 solutions across its business. The company reduced its planning cycle time by 20 percent, increased customer service levels by 20 percent and reduced obsolescence. The company also has been able to improve its on-time shipping performance and decrease inventory levels. VF recognizes value in more accurate plans and better visibility as well as improved efficiencies in the utilization of resources and quality of inventory. Using these solutions, VF operates a truly demand-driven supply chain, reacts to changes in product demand quickly and identifies and reacts to potential supply chain problems promptly. The accuracy of inventories and the ability to respond to the most up-to-date demand are critical to the success of VF's global supply chain. Working with i2, VF better manages and effectively uses its resources to support its business, taking all lead times and capacity constraints into consideration.
About the i2 User Group
The i2 User Group (www.i2-usergroup.org) is a volunteer organization made up of i2 customer companies and their employees. Founded in 1997, the i2 User Group is a non-profit organization dedicated to addressing the issues and needs of the users of the entire suite of i2 products. Through networking and educational opportunities, the i2 User Group provides members countless opportunities to share information and experiences on the selection, implementation and effective use of i2 products.
About Ken Sharma
Vice chairman of i2 from 1988 until his death in 1999, Ken Sharma's impact on the development of supply chain planning and the future of e-business continues to resonate today. Throughout his career, Sharma worked to define and refine the concepts of global optimization, multi-enterprise planning, master planning and supply chain planning.
His leadership and vision not only helped to make i2 a top provider of innovative technology solutions, but also to change the paradigms by which industries understand concepts such as supply chain planning and technology. Most important, even as Sharma changed the face of business, he never flagged in his dedication to customers. He said, "This work of mine has been a great source of satisfaction. If I've been able to help at least one person, that will be enduring."
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; 19 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 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 Quarterly Report on Form 10-Q filed May 10, 2006 and the Annual Report on Form 10-K filed March 15, 2006.
Contact:
i2 Corporate Communications
Beth Elkin, 469-357-4225
beth_elkin@i2.com
--------------------------------------------------------------------------------
Source: i2 Technologies, Inc.
Golden Cross
18 years ago
Industry Leaders to Share Best Practices at i2 Planet 2006 Las Vegas
Monday April 10, 2:10 pm ET
IBM, JFE Steel, Krones AG, Panasonic Consumer Electronics and WE EUROPE B.V. to Present Supply Chain Management Expertise
DALLAS--(BUSINESS WIRE)--April 10, 2006--i2 Technologies, Inc. (Nasdaq:ITWO - News) today announced that executives from AMR Research, IBM, JFE Steel, Krones AG, Panasonic Consumer Electronics and WE EUROPE B.V. will be the featured General Session speakers at i2 Planet 2006. The event is scheduled for May 10 - 12 at the Wynn Las Vegas.
Supply chain vision, innovation and best practices will be shared from the General Session main stage by the following speakers:
Kevin O'Marah, vice president, Strategic Research, AMR Research, Inc.
Tim Carroll, vice president, Supply Chain Operations, IBM Integrated Supply Chain
Hiroyuki Kikugawa, fellow, Information Technology, JFE Steel Corporation
Dr. Michael Kranz, senior vice president, Information Management, Krones AG
Michael Aguilar, senior vice president, Supply Chain Strategic Initiatives, Panasonic Consumer Electronics Company
Roel Brand, IT and Program director, WE EUROPE B.V.
In addition, Michael E. McGrath, i2 chief executive officer and president, will present i2's strategy for the next generation of i2 supply chain management solutions.
During i2 Planet, attendees can also benefit from information-packed breakout sessions, industry-specific general session meetings, and numerous networking opportunities. Methods for improving communication and increasing visibility across the extended supply chain will be discussed as well as how the i2 Agile Business Process Platform can be used to support external collaboration with suppliers, customers and partners through a common integrated user interface.
"We have reached a historically significant inflection point in supply chain process and technology; the next generation of supply chain management is now. i2 Planet 2006 is a conference companies cannot afford to miss," said i2 Chief Marketing Officer John Cummings. "Visionary business leaders are already setting the standard for the next generation of supply chain management and many are using i2 solutions as part of their strategy to take them there. i2 Planet is the place to learn about these visionary supply chain best practices and the benefits to be realized from adoption of i2's market-leading solutions."
The Speakers
Kevin O'Marah, vice president, Strategic Research, at AMR Research has worked with hundreds of companies on product development, product life-cycle management (PLM), and supply chain strategy. Kevin launched AMR Research's PLM practice and is a seminal author on PLM. He has also contributed to the firm's definition and coverage of demand driven supply networks (DDSN).
Tim Carroll is vice president, Supply Chain Operations for IBM's $40 billion Integrated Supply Chain. In this role, he manages IBM's global supply chain strategy and operations including worldwide manufacturing, inventory, demand/supply, business transformation, and he managed IBM's PC business divestiture to Lenovo.
Hiroyuki Kikugawa, fellow, Information Technology, at Japanese steel maker JFE Steel has focused his award-winning career on the improvement of steel production technology and production control processes, and the development of new equipment and processes for plate rolling, shape and bar rolling, and hot rolling. He played a key role in quickly and effectively integrating management concepts and systems during and after the merger of Kawasaki Steel Corporation and NKK Corporation that created JFE Steel.
As senior vice president of Information for European packaging manufacturer Krones AG, Michael Kranz is responsible for the strategic value and successful operation of the enterprise IT architecture. With more than 10 years of experience in IT, he has broad knowledge ranging from infrastructure to high-level applications, as well as in IT project management.
In his role at Panasonic, Michael Aguilar directs the company's strategic supply chain initiatives and is responsible for coordinating those efforts with its Channel Partners, the Panasonic sales organization, and the Panasonic factories that manufacture products for the U.S. market. Under his leadership, Panasonic has set new standards in supply chain management and in collaborative relationships with consumer electronics retailers.
As IT and Program director of retailer WE EUROPE BV, Roel Brand focuses on implementing integrated planning systems as part of the company's overall supply chain optimization project. Roel also serves as IT and Program Director of Waalwear, the wholesale division of WE International, where he is responsible for supporting business transformation through business process redesign and implementing supporting systems.
Michael E. McGrath has been chief executive officer and president of i2 Technologies, Inc. since February 2005, overseeing the strengthening of i2's financial position and launching the company's next-generation supply chain solutions. He has been a member of the i2 Board of Directors since August 2004 and has broad-based experience in managing application software companies. In addition, he is considered an expert in product strategy, product development, and supply chain management. McGrath co-founded Pittiglio Rabin Todd & McGrath (PRTM) in 1976 and served as its president and CEO until his retirement in July 2004.
For additional information on i2 Planet or to register to attend, please call 1-877-4PLANET or 469-357-3720, send an e-mail to planet@i2.com or go to www.i2.com.
About i2 Planet
i2 Planet 2006 Las Vegas is a three-day forum for thought leadership, designed to provide a continuous learning experience through a series of live events and collaborative online resources. i2 Planet is a series of educational forums and online resources that provide comprehensive strategies and tools to transform an organization's integration and business processes. i2 Planet provides information such as how to enable business agility, leverage the supply chain and utilize the latest technology. i2 Planet Las Vegas is scheduled for May 10 - 12, 2006 at the Wynn Las Vegas. To learn more, visit www.i2.com.
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 is a registered trademark of i2 Technologies US Inc. and i2 technologies, Inc.
i2 Cautionary Language
Golden Cross
18 years ago
Mexico's Largest Shoe Manufacturer, Distribuidora Flexi, Now Live and Receiving Value from I2 Solutions
Tuesday February 7, 2:51 pm ET
DALLAS--(BUSINESS WIRE)--Feb. 7, 2006--Distribuidora Flexi, the largest manufacturer of footwear in Mexico, recently went live with solutions from i2 Technologies, Inc. (Nasdaq:ITWO - News). The company uses i2 solutions to perform consensus demand forecasting, constrained manufacturing planning, capacity planning and materials planning across its entire product lines.
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Distribuidora Flexi has been in the business of designing, manufacturing and selling quality footwear for approximately 70 years. The company runs seven integrated plants and one central warehouse in Leon, Mexico. In addition to the manufacturing capabilities, Distribuidora Flexi also owns and operates a network of 60 stores located in Mexico. The company selected i2 solutions because they felt they were the best suited to help manage the global nature and constantly changing landscape of the footwear manufacturing and retail business.
"We selected i2 based on our discussions with i2's industry leading footwear customers as well as the company's capabilities in process, organization and performance measures. We implemented i2 solutions in order to be well prepared to adapt to changes in market demand and global pressures," said Roberto Plasencia T., commercial director, Distribuidora Flexi. "Robust planning processes and superior forecasting capabilities will keep our company ahead of the curve well into the future. We intend to work closely with i2 now and in the future to further extract value from our supply chain for more efficient business processes."
The project started with a six-week consulting engagement enabling the i2 consulting group to introduce Distribuidora Flexi to i2's thought leadership in supply chain planning best practices, identify areas of opportunity and develop a roadmap to implement i2 solutions. The i2 consulting engagement primarily focused on conducting strategy sessions with Distribuidora Flexi's core team, enabling the joint team to compare supply chain industry best practices against current business processes to identify key areas of opportunity. This process resulted in the Distribuidora Flexi and i2 team making several key recommendations for process, organization and technology improvements and a roadmap to implement these recommendations. Distribuidora Flexi then worked together with i2 to implement the recommendations and install i2 solutions to improve demand management and master planning process across their entire product lines and facilities.
"Our proven success in the footwear industry has enabled i2 to establish industry-leading best practices for supply chain excellence," said i2 Senior Vice President of Consumer Products Steve Estrada. "i2 customers can gain the most benefit by working together with our consultants to diagnose their supply chain key focus areas and then implement solutions that address the areas that can bring the most significant impact areas first. This approach helps our customers to map out the business process changes, solution implementation effort, and better plan for the change management initiatives these projects require for success."
About Flexi
Grupo Flexi is the largest manufacturer and second largest distributor of footwear in Mexico. Flexi is privately owned and has been in the business of designing, manufacturing and selling quality footwear for 70 years. Flexi has seven integrated plants and one central warehouse in Leon, Mexico. In addition to the manufacturing capabilities, Flexi also owns and operates a network of 60 stores located in Mexico.
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; 19 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 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 Quarterly Report on Form 10-Q filed November 8, 2005 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.
Contact:
i2 Technologies, Inc., Dallas
Kirsten Monberg, 469-357-4966
kirsten_monberg@i2.com
Golden Cross
18 years ago
i2 To Launch Thought Leadership Series for the High-Tech Industry
Thursday February 2, 3:12 pm ET
Executive Roundtable Series to Examine Industry Trends, Emerging Business Transformation Models, and Benchmarks of Next-Generation Supply Chain Management
DALLAS--(BUSINESS WIRE)--Feb. 2, 2006--i2 Technologies, Inc. (Nasdaq:ITWO - News) today announced a series of exclusive events designed to offer business leaders the opportunity to exchange best practices and innovative business models among corporate leaders, industry analysts, and i2 executives.
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The first Thought Leadership Series will take place Monday, Feb. 6 in San Jose, Calif. Featured speakers include Samsung Electronics Vice President of Management Innovation, Dr. Sungchil Park; Hitachi Global Storage Technologies Vice President of Demand Management, Kurt Souvey; and Forrester Research Principal Analyst, Simon Yates. i2 executives will lead a discussion on supply chain business transformations and strategies for delivering superior customer service and bottom line results.
"The High-Tech industry has traditionally lead the market in driving adoption of supply chain solutions, and today's companies are seeking a next-generation set of capabilities to transform their businesses," said i2 Vice President of the High Technology Industry Group, Raja Chandrashekar. "We're pleased to host such a distinguished group of thought leaders and offer a forum for accelerating their understanding and adoption of these emerging strategies."
Executives interested in obtaining an invitation to the Thought Leadership Series in San Jose, or future High-Tech Thought Leadership events are encouraged to e-mail info@i2.com.
To learn more about i2 Next-Generation Solutions, please visit: http://www.i2.com.
usasingh1
20 years ago
i2 Tech in accord over lawsuits
BS Bureau in Bangalore / May 12, 2004 09:06 IST
i2 Technologies, Inc, a leading provider of closed-loop supply chain management solutions, has announced that it has reached a definitive agreement to settle the consolidated shareholder class action and derivative lawsuits pending in the US district court for the northern district of Texas.
As per the agreement, the total settlement amount is $84.85 million, which includes $43 million that will be covered by i2 insurance policies and $41.85 million that will be paid by i2 during this quarter.
To help fund a portion of the $41.85 million payable by i2 in connection with the settlement, the company has entered into definitive agreements providing for the issuance and sale by i2 of $22 million common stock to certain individual defendants in the lawsuits.
As announced recently, Sanjiv Sidhu, i2's chairman and chief executive officer, has agreed to purchase $20 million of common stock from i2. The company established an accrual of $42 million relating to the possible settlement of the lawsuits in the fourth quarter of 2003.
According to him, "We are pleased with the announcement of today's settlement. As we put these issues behind us, we can focus more completely on maximising the many opportunities available to the company to grow the business and return to profitability."
However, the settlement does not reflect any admission of wrongdoing by i2 or its directors and officers.
It is subject to certain conditions including approval by the US district court for the northern district of Texas following notice to class members of an opportunity to object or exclude themselves from the settlement.
It may be noted that in late 2000, some cases were filed by shareholders who alleged that i2 had misled them on the earnings forecast.
As these cases were of the same nature, they were classified as one and valuation of this settlement amount has been mutually agreed by both i2 and the shareholders who filed the case.
Meanwhile, i2's Bangalore centre continues to play a prominent role in the company's overall operations. The company has said that India is well positioned to play a bigger role for its over 900 customers worldwide.
The centre is 1,100-strong and works on mainline product development.
The team at the India solution centre also plays a significant role in implementation process.
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