Retek Announces General Availability of Retek 10
Development Effort Marries the Power of Integration with Best of Breed
Performance
Minneapolis - April 8, 2002 * Retek Inc. (NASDAQ: RETK), announced today the
general availability of Retek 10, the company`s integrated, modular retail
solution. Retek 10 delivers value with a combination of implementation
strategies, technologies, services, software and support designed to
optimize retail business performance, maximize customer satisfaction and
minimize supply chain costs.
Retek 10 solution areas include Advanced Retail Planning and Optimization,
Retail Customer Relationship Management, Merchandising Operations Management
and Supply Chain Management. The advanced retail integration platform of
Retek 10 supports the rapid deployment of these modules individually or
simultaneously based on customer requirements.
SCALABLE
Developed in partnership with some of the world`s largest retailers, Retek
10 is engineered to provide unmatched scalability to efficiently handle
large volumes of transactions. As the number of multi-channel selling points
and stock keeping unit (SKU) combinations increase, so does the need for
retailers to leverage the power of a highly scalable, flexible retail
system. Retek`s technology has proven to scale to handle the huge
transaction volumes of the world`s largest retailers, while adapting to
their unique needs. Retek solutions and methodologies are proven, which
reduces the risk to retailers.
INTEGRATED
At the core of Retek 10 is the Retek Integration Bus (RIB), a centralized
retail enterprise application integration (EAI) platform that supports high
performance real-time functionality and integration of other Retek and third
party applications. Retek 10`s RIB makes upgrading system modules faster,
simpler and reduces compatibility issues via all the applications using a
common interface. This modular architecture reduces the time and cost of
implementation and supports retailer`s demands for a faster return on
investment (ROI). Retek 10 integration is based on XML messaging, providing
a new and open standard for the retail industry.
PERFORMANCE
Incorporating the best practices of its customers and partners, Retek 10
helps retailers: optimize retail business performance, maximize customer
satisfaction and minimize supply chain costs. A number of leading retailers
have already selected Retek 10 to help improve their business performance,
including Longs Drug Stores, Fast Retailing and many more.
"Retek 10 delivers retailers the power of integration with best of breed
performance," said Steve Ladwig, president and CEO of Retek. "In partnership
with some of the world`s best retailers, we have created a functionally
rich, integrated solution that scales to handle the data volumes of the
largest retailers. We have delivered on our commitments to the industry with
the hard work and dedication demonstrated by our team to make this happen."
About Retek Inc.
Retek Inc. is a leading provider of software solutions and services to the
retail industry. Retek`s collaborative solutions help the retail industry
create, manage and fulfill consumer demand. The RIS News Leaderboard 2001
ranked Retek the #1 software vendor for retail. Retek`s offering, Retek 10,
encompasses Retek`s proven strategies, sophisticated software applications,
patented predictive technology, unparalleled services, and the best
practices of its customers and partners. Retek 10 provides retailers with
the fastest path to sustainable business value. Many of the world`s leading
retailers use Retek solutions, including A&P, Tesco, Best Buy, Family Dollar
Stores, Gap, Sainsbury`s, Eckerd Corp. and Kohl`s Department Stores. For
more information, visit www.retek.com , or call
1-888-61-RETEK. Retek can be contacted in Europe at +44 20 7563 4646.
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Retek is a trademark of Retek Inc. Other names may be trademarks of their
respective owners.
Forward-looking statements contained in this press release are made under
the Safe Harbor Provision of the Private Securities Litigation Reform Act of
1995. Any such statements are subject to risks and uncertainties that could
cause actual results to differ materially from those anticipated. Such
factors are described from time to time in the company`s Annual Report on
Form 10-K and other reports filed with the Securities and Exchange
Commission.
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