Kurt Peters , Executive Editor
Acquisition provides advanced Product Information Management (PIM) capabilities to complement Cameleon Multichannel Commerce Solutions
Chicago, Illinois, April 7, 2006 - Access Commerce (Euronext: 7424), a leading provider of multichannel commerce solutions, today announced its commitment to acquire the entire capital of Exsyde, a Product Information Management (PIM) software vendor. Exsyde addresses the needs of companies that require professional, industrial strength management of electronic content and a unified product database that acts as the foundation for exchanging product information internally and with suppliers and customers.
Founded in April 2002 by experts in electronic content management, Exsyde today is a major player in the European PIM market. In 2005 the company posted revenue of nearly 1.5 million Euros with positive EBIT and a positive net profit. Exsyde has had success with market leading companies including Air Liquide, Cofaq, Descours & Cabaud, Eiffage, Electricité de France, Gedimat, Manutan, Orefi, Saur, Schneider Electric, Sonepar, and Total.
“Analysts have confirmed that the PIM market is promising and growing rapidly. Distribution and manufacturing companies are faced with difficulties due to content management – that are exacerbated by the Internet, as well as by partner and system interdependence. They need to exchange more information in shorter periods of time. Having a complete, up-to-date and easy-to publish product repository is critical.” explains Jacques Soumeillan, President and CEO of Access Commerce. “Companies in the distribution industry have immediate needs for these type of solutions and are embarking to implement them across their entire ecosystem. Our mission at Access Commerce is to help manufacturing, distribution, and retail companies optimize commerce processes. The Exsyde acquisition is consistent with our strategy and the broadening of our positioning, and it reinforces the market value of our Cameleon Software Suite.”
“The Cameleon Commerce Suite from Access Commerce and the ExsydeSuite complement themselves perfectly to provide a complete process to acquire, manage, publish and exploit product information.” adds Rémi Perrin, President and CEO of Exsyde. “In this process, ExsydeSuite works upstream to optimize the quality of data, while Cameleon publishes and exploits this product information in multichannel commerce processes such as search engine, product comparison, cross-selling and up-selling, for example.”
Access Commerce will continue to invest in ongoing development of the ExsydeSuite to satisfy existing customer requirements and to meet additional needs of the PIM market. Rémi Perrin and Jérôme Lindström, co-founders and co-presidents of Exsyde, will join the Access Commerce management team.
The Company is acquiring 100% of Exsyde shares on the basis of approximately one-to-one EV/Sales ratio, including a 33% stake earn-out indexed on Exsyde 2006 and 2007 performance. The transaction consists of 15% cash and 85% shares of Access Commerce.
Exsyde is a software vendor of Product Information Management (PIM) solutions. The company addresses the need of enterprises wanting to evolve towards a professional / industrialized management of electronic content to build a product database, true foundation and unique repository of information meant to be exchanged.
ExsydeSuite solutions function like a "central repository" gathering all product information useful for the company and its partners. Interfaced with a company’s ERP and other information systems, the solution is able to create, retrieve, control, enrich and publish content to feed internal and external consumers of this data (online shops, n-tier electronic catalogs, paper catalogs, etc). Exsyde solutions make optimize the management of electronic content, by increasing productivity of the team responsible for the product repository, by facilitating data transfer and synchronization between various systems and business players, and by improving information quality. For more information, visit www.exsyde.com.
About Access Commerce
Access Commerce is a leading provider of Multichannel Commerce Solutions. Access Commerce helps manufacturing, distribution, retail and service companies sell products and services through any sales channel. The Cameleon Commerce Suite simplifies key steps in the Lead-to-Order-to-After-Sales process by optimizing core business functions: e-commerce, electronic catalog and guided selling, product and service configuration, advanced pricing, quote and proposal generation, order management and BOM/routing generation. Employees, channel partners and customers use Cameleon to eliminate errors and non-value added activities, decrease cycle times and improve customer satisfaction, resulting in increased revenue and a reduction in sales and operational costs. Access Commerce customers include Aréva, Eaton, Invacare, Leroy Merlin, Manitou, Mitsubishi Caterpillar Forklift Europe (MCFE), Perkins Engines, Saint-Gobain, Schneider Electric, ThyssenKrupp, and X-Rite.
Access Commerce is headquartered in Toulouse, France and Chicago, Illinois and has offices located in North America, France and Germany. Cameleon is a trademark of Access Commerce SA and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners. For more information, visit www.access-commerce.com.
Contact: Aacia Hussain
P: (847) 583-7610