Agreement Provides Access to Multiple Language Services in European Market
RICHMOND, Calif., Feb. 12 -- QRS Corporation (Nasdaq: QRSI) and Influe today announced an agreement that brings together the retail industry`s leading provider of collaborative commerce solutions with the leading provider of EDI services in Europe to enable retailers and suppliers to conduct global business electronically. The companies will jointly sell QRS Catalogue(TM) with Influe`s EDI services.
Influe will provide a Web-based, localized interface that enables trading partners to upload their product data into QRS Catalogue, the retail industry`s largest electronic source of product information for retailer- supplier transactions. Influe`s technology converts product information from any European language into a PRICAT or XML document, standards for exchanging product information electronically among companies. QRS Catalogue allows retailers, manufacturers and suppliers to synchronize current, accurate product information with each other to automate business processes, improve cycle times and reduce costs.
"By pairing Influe`s pan-European EDI services together with QRS` proven retail solutions, we can accelerate the process of building electronic-based global trading communities, which will drive efficiencies across the European retail industry," said Pierre Freydier, alliance manager for Influe.
"QRS is pleased to be partnering with one of the most successful EDI companies in Europe. Together we can support the global commerce needs of our respective customers by offering a seamless solution that helps vendors and retailers reduce costs and accelerate time to market," said Shak Akhtar, vice president, EMEA for QRS.
Established in 1990, Influe is a software publisher specializing in electronic exchanges, B2B integration and supply chain management. Influe provides solutions to customers that want to optimize data flows and supply chain processes with their business partners. Influe has more than 5,500 implementations in 30 countries around the world. Influe employs 170 people in its European, Asian and South American subsidiaries. Learn more about Influe at www.influe.com.
With headquarters in Richmond, California and operations across North America and Europe, QRS has been building solutions that automate the way companies connect, transact and collaborate since 1988.
Today, QRS delivers collaborative commerce software and services that enable retailers, manufacturers and suppliers to bring products to market quickly and profitably. QRS offers the North American retail industry`s largest source of product information for accurate retail partner transactions. QRS also allows companies to see and manage processes across the supply chain so that problems can be detected and resolved. More than 8,000* customers from over 20 vertical markets -- including Sears, Roebuck and Co., Selfridges plc, KarstadtQuelle Group AG, and Clarins Group USA -- use QRS to meet customer needs, compress cycle times, reduce costs and improve sales margins. Learn more about QRS at www.qrs.com.
* Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2002.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements regarding future events and the future financial performance of QRS Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by QRS Corporation with the SEC, specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time, which identify important factors that could cause actual results to differ from those contained in the forward-looking statements, including risks associated with general economic conditions; specific conditions in the retail industry; competition; changes in our senior management; rapid technological change in our industry; dependence upon key customers and their trading partners; ability to introduce and market acceptance of new products and services; the ability to successfully integrate and manage acquired businesses and technologies; customers` willingness to purchase services offered through or in conjunction with third parties; and dependence upon IBM for e-commerce services, among others. QRS assumes no obligation to update the forward- looking information contained in this news release.
NOTE: QRS, the QRS logo and QRS Catalogue are trademarks or registered trademarks of QRS Corporation in the United States and other countries. All other trademarks belong to their respective owners.