Aggressive Turnaround Strategy Combined with Investment by Symphony Technology Group Position IMI for Renewed Worldwide Growth in Consumer Goods and Retail Markets
MT. LAUREL, N.J. - August 7, 2003 - Industri-Matematik International Corp. (IMI) today reported results for the first half of 2003, including significant financial and product gains that are the result of the company turnaround strategy. The initiative was marked by both IMI’s appointment of Timothy Campbell as company president and CEO in January 2003 and the company’s acquisition by Symphony Technology Group.
IMI’s go-to-market strategy focuses on demonstrating long-term viability to benefit all stakeholders including customers, employees, partners and shareholders; strengthening customer relations; and developing next-generation solutions for consumer goods manufacturers and retail supply chains.
The 2003 results to date include:
-A return to profitability with the company posting two consecutive profitable quarters, reflecting an aggressive strategy focused on strengthening company performance.
-Cap Gemini Ernst & Young forged an alliance with IMI Central Europe to initiate the “Responsive Retail Logistics” program,which leverages the successes CGEY and IMI have created together in the European retail community.
-American retailer Wild Oats is implementing IMI Store software with positive results noted in its replenishment and order processes. Additionally, Price Chopper Supermarkets has now rolled out IMI Store to 100+ stores. IMI Store provides total item management and inventory management to maintain and control product inventory, provide full visibility for every product in the store and replenish store shelves based on expected consumer demand.
-Holtung AS, the third largest Norwegian pharmaceutical wholesaler, selected IMI Order software to provide Internet-based ordering capabilities and manage the high-volume order spikes it receives each day to deliver strong service and fast response to customers.
-A number of leading global brands are moving forward on IMI software upgrades including Ahold, Walkers, Spicer’s, ICA Baltic, West Farm Foods, JM Smucker, Canadian Tire and others.
New Products to Market
-IMI recently announced development of business performance management solutions integrated into the IMI supply chain software suite. The new IMI software will enable consumer goods and retail companies to use real-time metrics and analytic tools to make faster and higher quality supply chain decisions, transforming business processes and improving performance.
-The company released IMI Order 8.1, the latest version of its industry-proven order management software that helps companies achieve the Perfect Order – the ability to deliver an order to the customer that is complete, accurate, on time and in perfect condition.
-IMI delivered IMI Warehouse 4.1 software, which supports high-speed warehouse operations with real-time planning, controls, monitoring and execution. The software enables companies to achieve faster, more efficient shipments and deliveries with minimum handling of goods and maximum order throughput.
“The results of IMI’s focus of the last six months are demonstrated in improved company performance, higher customer satisfaction and product excellence,” said Timothy Campbell, president and CEO, IMI. “And this is just the start of IMI’s rebirth. We are building on our outstanding order management and replenishment foundation, and stellar customer base with investments in new product development and a customer-centric solutions approach. IMI is committed to leading the market in enabling performance-driven customer fulfillment to help our customers drive revenue and profitability.”
Industri-Matematik International Corp. (IMI) is a leading provider of supply chain solutions for the retail value chain. IMI focuses on performance-driven customer fulfillment using sophisticated analytic applications that provide a granular view of critical data for real-time, complex decision-making. The company is dedicated to helping consumer goods and retail companies automate, streamline and measure order management and replenishment processes, based on actual customer demand. IMI offers proven solutions in collaborative order management, fulfillment, distribution center / store replenishment, supply chain analytics, visibility and event management capabilities. IMI products are used by the world`s leading companies including Albert Heijn, AT&T;, Campbell Soup, Canadian Tire, Dannon, Dial, Frito Lay, GE Plastics, Hakon, Hartz Mountain, InterPharm, Kellogg`s, Price Chopper Supermarkets, JM Smuckers, Sherwin Williams, Starbucks, VWR International and Warner/Electra/Atlantic. IMI is headquartered in Mt. Laurel, New Jersey with offices in the United Kingdom, Sweden and the Netherlands. Additional information about IMI is available at www.industri-matematik.com.