HighJump Software(R) Closes Fiscal Year 2003 With Record-Breaking Quarter
Provider of Industry`s Most Adaptable Supply Chain Execution
Solutions Announces Year of Profitability and Growth Rate of 30 Percent
EDEN PRAIRIE, Minn., April 22 -- HighJump Software, the
premier provider of the industry`s most adaptable, extended supply chain
execution (SCE) solutions, today announced a record year for fiscal year 2003,
ending March 31. HighJump achieved an annual growth rate of 30 percent and
continued its record of profitability. These financial results validate that
once again HighJump remains the fastest-growing company in the SCE industry.
During its fourth quarter, HighJump closed 14 new accounts, including 99
Cents Only Stores, Calphalon Corporation, Farley`s & Sathers Candy Co., and
Fulfillment Systems, Inc. (FSI). HighJump also leveraged its proven
implementation process, the Advantage Implementation Methodology(R), to
successfully complete 13 customer go-lives during the same three-month period.
Among others, these included Starbucks, Verizon, Select Comfort and H.H.
Gregg.
"This past fiscal year clearly demonstrated that HighJump Software
continues to be a leading contender within the supply chain execution space,"
said Chris Heim, president and CEO of HighJump Software. "In fact, HighJump
was honored with several key industry accolades in recognition of this
remarkable success. Not only did HighJump achieve tremendous license growth of
52 percent, but it also remained profitable, which is something that few
software companies can still claim in this difficult economic market. HighJump
offers supply chain execution solutions that no competitor can match in terms
of their robust, standard functionality and ability to quickly and cost-
effectively meet changing customer needs year after year."
"HighJump Software constantly reaffirms that it is the company to watch in
the supply chain execution industry," said Michael Bittner, industry thought
leader and former supply chain execution analyst for AMR Research. "HighJump`s
strong performance and new customer wins over the past fiscal year demonstrate
that the market has embraced its powerful combination of functionality and
adaptability as the solution of choice in today`s unpredictable and ever-
changing business environment."
In addition to a strong record of customer wins and successful
implementations during fiscal year 2003, HighJump also achieved success in the
following areas:
-- Enhanced SCE solution suite offering
HighJump released several updates to its comprehensive SCE solution
set, Supply Chain Advantage(TM), and expanded product training options
for customers and partners by launching an online version of its
HighJump University program. Users leverage the Web-based learning site
to access product training videos and reference materials remotely.
In addition to numerous other product and platform enhancements,
HighJump also released Yard Advantage(TM). Yard Advantage is a robust
yard management solution that extends the activities involved in
inventory management beyond the traditional scope of the warehouse.
This browser-based solution leverages real-time information exchange to
increase operational efficiency by coordinating and optimizing physical
product movement as shipments arrive in the yard and are introduced
into the warehouse or distribution center. Furthermore, HighJump added
multi-lingual applications to support multiple languages (French,
Italian, German, Spanish, Portuguese and English) as part of a single
application. This allows HighJump`s solutions to support operations
across international borders from a centralized system. HighJump also
added security enhancements to empower customers to reach the FDA`s 21
CRF Part 11 Compliance.
-- Strengthened retail momentum
HighJump`s retail offering, which achieved significant momentum during
the past fiscal year, has led to several marquee customer wins,
including Circuit City, Verizon, Starbucks and Sport Chalet. Supply
Chain Advantage offers retailers the specific functionality they
require to meet complex warehousing and supply chain requirements such
as creating/maintaining facility flow-through, reducing inventory
levels and achieving supply chain-wide visibility.
-- Achieved explosive growth in international markets
HighJump expanded its International Associate Partner Program
significantly in fiscal year 2003, which led to numerous customer wins
worldwide. This program consists of industry-leading consulting and
solution providers located in key geographic regions throughout the
world. HighJump complements the existing SCE expertise of each partner
with product-specific training at HighJump University. The
International Associate Partner Program includes representation in all
major areas of the world, including Asia-Pacific, Australia, Brazil,
India, Italy, Mexico, the Middle East, South Africa and the United
Kingdom.
Throughout fiscal year 2003, HighJump worked with these International
Associates to introduce HighJump`s solutions to international
companies, which span industries such as retail, telecommunications,
food/beverage and consumer packaged goods, and utilities. Key customer
wins include Comercial Mexicana, DiMalsa Logistics and Alen Grupo in
Mexico; SKF Italy; Ajover in Colombia; Hitachi and Top Shop Holding
B.V. (Oke TV, Tel Sell and TV-Select) in the Netherlands;
Telecommunications Services of Trinidad and Tobago; PCTEL, China Light
and Power, and City Super in Hong Kong; Artysen Technologies in China;
SMART Modular in Singapore; and Quebec Telephone, Hospital for Sick
Children and Pauwels in Canada.
-- Won numerous industry awards for excellence
HighJump added to its collection of awards during the past fiscal year
with recognition from several associations and publications. These
included the following: Software Magazine Top 500, Supply Chain
e-Business Top 100, Inbound Logistics Top 100 Logistics Technology
Providers, Manufacturing Systems Top 100, Modern Materials Handling
Online Top WMS Suppliers, and Frontline Solutions Top 100 Supply Chain
Companies. HighJump also received the 2002 Tekne Award for its
unmatched success as an emerging IT/software company.
About HighJump Software(R)
Founded in 1983, HighJump Software is the premier provider of the
industry`s most adaptable, extended supply chain execution (SCE) solutions
that deliver competitive advantage to manufacturers, distributors, retailers
and third-party logistics companies. HighJump Software offers SCE solutions
that can be easily and precisely tuned to fit the operational needs of a wide
range of organizations from midsize to large companies and divisions of the
Fortune 1000. HighJump`s SCE systems are in use at more than 700 companies
today. Headquartered in Eden Prairie, Minn., HighJump Software can be reached
by e-mail at info@highjump.com; by phone at 877.445.4403; or by visiting the
Web site at http://www.highjump.com .
Laurie Hunnius
Director, Marketing Communications
HighJump Software
952.563.5404
laurie.hunnius@highjump.com
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