- Partnership will expand IP’s supply chain management solutions offering -
Irvine, Calif. – November 20, 2003 – Island Pacific (AMEX:IPI) today announced the signing of a value added reseller (VAR) agreement with i2 Technologies, Inc. (OTC: ITWO), a leading provider of end-to-end supply chain management solutions. Under terms of the agreement Island Pacific will market, sell, install, interface to, and support i2’s Merchandise Planning, INFOFOREM Forecasting and Replenishment, and Demand Profiling solutions.
The i2 solutions allow retailers to concentrate on optimizing business processes that will give them the highest return on investment. These optimization capabilities enable retailers to monitor, decide, and act on information to make long-term strategic decisions.
“i2 counts many of the world’s leading retailers as its customers,” said Steve Beck, Island Pacific president and chief operating officer. “Companies like Target, Home Depot, Wal-Mart, Best Buy and Barnes & Noble have turned to i2 for its supply chain management expertise. While i2 has focused on delivering its solutions to the top tier retailer, Island Pacific will now bring the same functionality and expertise to the small and mid-size retailer.”
“As a VAR, Island Pacific will open up an untapped market for us," said Dan Brummer, SVP alliances and channels, i2 Technologies, Inc. “Our solutions will assist a retailer of any size focus on initiatives which will help them maintain a competitive advantage. Since Island Pacific has a deep understanding and commitment to the needs of the emerging retailer, I can’t think of a better company to introduce our solutions into this market segment. ”
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.
About Island Pacific
For more than 25 years, Island Pacific has developed a reputation for delivering high-quality, high-reliability software to the retail industry. Recently, the company has transformed itself into the low-cost, high-value provider of retail enterprise solutions by developing breakthrough technologies, and by partnering with leading consulting organizations to provide next-generation services. In addition, Island Pacific leverages its years of experience with emerging and established retailers to craft creative solutions tailored for each customer’s needs. As a result, Island Pacific is the definitive resource for scalable, flexible and affordable solutions for retailers around the world.
With nearly 200 customers, Island Pacific and its solutions are represented in more than 30,000 stores worldwide, and manage more than 1.5 billion transactions annually. Founded in 1978, the company is headquartered in Irvine, California, and has offices in the United States and the United Kingdom. For more information, please visit www.islandpacific.com.
Certain statements contained in this news release regarding matters that are not historical facts are forward-looking statements. These statements relate to future events or the Company`s future performance. These statements are only predictions. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors listed in the Company`s (SVI) Form 10-KA for the fiscal year ended March 31, 2003 and other risk factors identified from time to time in the Company`s filings with the Securities and Exchange Commission. IPI undertakes no obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events.
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