Acquisition Expands Retail Footprint and Positions NONSTOP as the First Provider of an End-to-End Merchandising Solution Built on a J2EE Architecture
SAN FRANCISCO, Calif., November 11, 2002 - NONSTOP Solutions, Inc., a leading provider of replenishment optimization software, today announced that it has acquired Evant, a planning and merchandise management solutions provider for multi-channel retail companies. This strategic acquisition significantly accelerates NONSTOP`s expansion into the retail market.
"The retail industry is looking for the next generation enterprise platform that will solve today`s complex, evolving merchandising challenges," said Bob Lewis, CEO of NONSTOP Solutions. "In many cases, these companies are supported by homegrown systems or highly customized software packages developed over a decade ago. The combination of Evant and NONSTOP`s product offerings gives retailers an exciting new option. Evant brings a comprehensive suite of planning and merchandise transaction management applications that, combined with NONSTOP`s sophisticated replenishment tools, address many of these difficult problems. With today`s announcement, we will be offering the first end-to-end merchandising suite built on a J2EE architecture, providing customers with a number of technology advantages including significant scalability, enhanced integration capabilities and platform independence."
According to an article by Greg Girard published in the AMR Research Alert on Retail, November 11, 2002, "NONSTOP Solutions has acquired Evant, the only provider of highly scalable J2EE planning, merchandise operations management, and analytic applications built specifically for multi-channel retailers. The acquisition complements NONSTOP`s release of a J2EE version of its Demand Network Suite. With the two moves, NONSTOP leapfrogs the pack of broad footprint retail application vendors in terms of technology, architecture, and replenishment."
Founded in 1999, Evant developed the first planning and merchandise management solution for multi-channel retailers. The applications support specific requirements of the store, catalog and web channels for a variety of unique business operations - including the development of planning methods and pricing strategies, as well as the definition of product attributes. In addition, the products have been designed to provide comprehensive views of a business across channels and customers. Evant`s product suite - developed completely in Java and XML - integrates planning, purchasing, pricing, promotions, inventory management and decision support.
"NONSTOP is a market leader in replenishment optimization software, and is well respected for its sophisticated science and measurable benefits realized by its impressive customer base," said Rob Feuerman, former CEO of Evant and now vice president of industry solutions at NONSTOP. "Evant brings to the table a next generation planning and merchandise transaction solution set, which is complementary to NONSTOP`s demand forecasting and replenishment systems. By joining forces, we accelerate our goal of providing a broad application suite, on a J2EE architecture, that supports the complete range of merchandising operations."
Along with Rob Feuerman, Jack Harbaugh is joining the NONSTOP management team as vice president of marketing. Feuerman has 16 years of experience in delivering technology solutions in the retail and consumer products industries for Cambridge Technology Partners, The Walt Disney Company and Andersen Consulting. Harbaugh has more than 20 years of sales, marketing and business development experience in the retail and supply chain technology industries. Harbaugh`s background includes leadership positions at Tomax Technologies, Intrepid Systems, PRJ and CBA.
About NONSTOP Solutions, Inc.
NONSTOP Solutions is a premier provider of replenishment software applications that optimize the flow of finished goods for manufacturers, wholesale distributors and retailers, allowing them to maximize profitability and improve service levels while freeing up tens of millions in working capital. The company`s Demand Network Suite has delivered measurable business value and rapid ROI to more than 50 customers across a broad range of industries. NONSTOP Solutions is headquartered in San Francisco and is backed by venture capital firms Kleiner Perkins Caufield & Byers, Integral Capital, Lehman Brothers, Banc of America Securities, Crosslink Capital, Altos Ventures, and REI. For more information, please visit http://www.nonstop.com.
About Evant
Founded in 1999, Evant offers the first merchandise management software solution to support multi-channel retailers. The products support the complete range of merchandising applications including planning, merchandise transaction management and operational analytics. The Evant merchandise management platform is built with best-in-class Web-based technologies including Java and XML. It is focused on open standards, delivered over the Internet through a web browser, and follows a multi-tier architecture. Evant`s next-generation software and services provide customers with the means to more effectively manage their supply chain operations and drive profitability.
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