SANTA CLARA, Calif. - March 9, 2004 – Cardonet, Inc., a provider of advanced product information management solutions for medium to large enterprises, today announced that QRS Corporation (Nasdaq: QRSI) has licensed software developed by Cardonet to provide the foundation for QRS IMPACT™, QRS’ comprehensive product information management (PIM) solution.
QRS announced the availability of QRS IMPACT at the National Retail Federation’s 2004 Members Forum in January 2004. Among other things, QRS IMPACT offers retail industry-specific requirements and integrates with QRS’ collaborative commerce solutions for the global retail trading community.
"Leveraging Cardonet’s technology enabled us to launch our entry into the PIM market, which was a natural growth area for us given our industry-leading data synchronization solution, QRS Catalogue™," said Renee d’Ouville Cullinan, Vice President, Product Strategy of QRS Corporation. "The combination of QRS IMPACT and QRS Catalogue offers the only end-to-end data synchronization solution built expressly for the retail industry."
QRS plans to independently develop and release future versions of QRS IMPACT incorporating unique features and capabilities targeted to the specific requirements of the retail industry.
Cardonet’s Product Master PIM solutions are currently used by companies across a range of industry sectors. Customers include Office Depot, Alcon (a subsidiary of Nestle), Northrop Grumman, Newark InOne, Hoovers (a subsidiary of Dun & Bradstreet), Nalco Company, and Computer Sciences Corporation, among others. Cardonet will continue to develop new versions of its software to support a variety of product information management applications.
"QRS has long been a leader at providing high-value solutions that help companies to do business more efficiently," said Itay Meiri, CEO and founder of Cardonet. "We are pleased that they consider Cardonet’s technology to be of the same caliber when it comes to managing the product information essential to making collaborative commerce successful."
QRS (Nasdaq: QRSI) is a technology company that serves the global retail trading community. QRS offers collaborative commerce solutions that drive a new standard for global brand execution. QRS manages the flow of critical commerce information and leverages its retail technology expertise to address fundamental industry challenges such as global data synchronization, mandate compliance, transaction outsourcing and global trade management. QRS solutions are used by over 8,000 customers to expand into new markets and channels, improve operational efficiency and differentiate their brand. The company’s website is at www.qrs.com.
About Cardonet, Inc.
Founded in 1997 and headquartered in Santa Clara, Calif., Cardonet, Inc., (www.cardonet.com) is a leading provider of product information management solutions used by medium to large enterprises to streamline their business processes. Cardonet’s rules-driven automation technology and advanced process-oriented workflows, provide both buy-side and sell-side organizations with powerful solutions for developing, managing, and distributing rich electronic databases of product information. Privately held, Cardonet’s primary investors include Cargill, Giza GE Capital, Intel Capital, Sequoia Capital, Yozma Venture Capital and Mentor Capital Group.