eFuture And JDA Software Announce Partnership to Penetrate the China Retail and Supply...
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eFuture And JDA Software Announce Partnership to Penetrate the China Retail
and Supply Chain Market
BEIJING, June 16 /PRNewswire-Asia/ -- eFuture Information Technology Inc.
(Nasdaq: EFUT, "eFuture"), a leading provider of software and services in
China's retail and consumer goods industries, and JDA Software Group, Inc.
(Nasdaq: JDAS, "JDA"), the world's leading supply chain solutions provider,
today announced a strategic relationship focused on collaborative growth. The
alliance will fuel delivery of the companies' combined solution, which is
designed to help retail and consumer goods companies in China optimize their
operations and improve profitability.
eFuture and JDA will offer a joint "global solution, local service"
business model in China driven by various initiatives to closely collaborate
on market development and client resource-sharing activities. The expected
benefits of their joint efforts are two-fold; to enable eFuture and JDA to
increase their penetration of tier-one companies in China's consumer goods and
retail industry, including global brands with presence in China and local "TOP
100" enterprises, while also accelerating cross-selling opportunities within
the growing grocery store market. The combined offering will center on
eFuture's localized support and services of JDA's world-class solutions and
industry best practices proven to help retail and consumer goods companies
improve their competitive position, reduce costs and more efficiently respond
to consumer demand.
"The time is right for JDA to accelerate efforts in developing the Chinese
supply chain software market, which continues to demonstrate strong growth
potential projected at 22.5 percent in 2009 and 19.2 percent in 2010,
according to Gartner research (1)," said Stephen McNulty, JDA regional vice
president, Asia Pacific. "With more than 5,800 customers in 60 countries, JDA
is recognized around the globe for our extensive domain expertise and
merchandising and supply chain management solution capabilities. We are
excited to combine our strengths with eFuture's local market knowledge and
resources to deepen our penetration and deliver added value to the China
market."
Adam Yan, chairman and CEO of eFuture, said, "We are very pleased to
announce this strategic relationship, which combines JDA's proven solutions
with eFuture's trusted and reliable localized services and support. To
maximize its potential and strengthen our position as the partner of choice
for leading global technology companies, we have established an integrated
marketing team and a dedicated localization support and services team. By
leveraging our combined strengths, I am confident that our partnership with
JDA will enable us to offer the best solutions and services for China's
consumer goods and retail industry."
(1) Gartner, Inc., "Forecast: Retail IT Spending, Worldwide, 2006-2012,
1Q09 Update" 5 March 2009.
About JDA(R) Software Group, Inc.
JDA(R) Software Group, Inc. (NASDAQ: JDAS) is the world's leading supply
chain solutions provider, helping companies optimize operations and improve
profitability. JDA drives business efficiency for its global customer base of
more than 5,800 retailers, manufacturers, wholesaler-distributors and services
industries companies through deep domain expertise and innovative solutions.
JDA's combination of unmatched services, together with its integrated yet
modular solutions for merchandising, supply chain planning and execution and
revenue management, leverage the strong heritage and knowledge capital of
market leaders including Manugistics, E3, Intactix and Arthur. When supply
chain results matter, companies turn to JDA. For more information about JDA,
visit http://www.jda.com or contact us at info@jda.com or call +1 800 479 7382
/ +1 480 308 3000.
About eFuture Information Technology Inc.
eFuture Information Technology Inc. (NASDAQ: EFUT) is a leading provider
of software and services in China's rapidly growing retail and consumer goods
industries. eFuture provides integrated software and services to
manufacturers,
distributors, wholesalers, logistics companies and retailers in China's
front-end supply chain(from factory to consumer) market, especially in the
retail and fast moving consumer goods industries. eFuture currently serves
over 15 Fortune 500 companies, over 1,000 retailers and over 5,000 suppliers
operating in China. eFuture is one of IBM's premier business partners in Asia
Pacific and is a strategic partner with Oracle, Microsoft, JDA, Motorola and
Samsung Network China. eFuture has more than 600 employees and 20 branch
offices across China. For more information about eFuture, please visit
http://www.e-future.com.cn/ .
Safe Harbor
This press release contains forward-looking statements that are made in
reliance upon the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are generally accompanied by
words such as "will," "ensure," "help," "enable" and "expect" and other words
with forward-looking connotations. In this press release, such forward-looking
statements include, without limitation, comments regarding the expected
benefits from the joint efforts in the Chinese market. The occurrence of
future events may involve a number of risks and uncertainties, including, but
not limited to, an increase in customer penetration and cross-selling
opportunities may not materialize. Additional information relating to the
uncertainty affecting JDA's business and eFuture's business is contained in
our respective filings with the SEC. As a result of these and other risks,
actual results may differ materially from those predicted. JDA and eFuture are
not under any obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements, whether as a result of new
information, future events or otherwise.
For more information, please contact:
eFuture Contacts:
Investor Contact:
Troe Wen, Company Secretary
eFuture Information Technology Inc.
Tel: +86-10-5293-7699
Email: ir@e-future.com.cn
Investor Relations (US):
Mahmoud Siddig
Taylor Rafferty
Tel: +1-212-889-4350
Email: eFuture@Taylor-Rafferty.com
Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852-3196-3712
Email: eFuture@Taylor-Rafferty.com
Media Contact:
Jason Marshall
Taylor Rafferty
Tel: +1-212-889-4350
Email: eFuture@Taylor-Rafferty.com
JDA Software Group contacts:
JDA Investor Relations Contact:
Lawrence Delaney, Jr.
The Berlin Group
Tel: +1-714-734-5000
Email: larry@berlingroup.com
JDA Media Relations:
Jeffrey Varon
JDA Software
Tel: +1-480-502-4660
Email: Jeffrey.Varon@jda.com
SOURCE eFuture Information Technology Inc.
eFuture Contacts: Investor Contact - eFuture Information Technology Inc., Troe
Wen, Company Secretary, +86-10-5293-7699, ir@e-future.com.cn; Investor
Relations (US) - Taylor Rafferty, Mahmoud Siddig, +1-212-889-4350,
eFuture@Taylor-Rafferty.com; Investor Relations (HK) - Taylor Rafferty, Ruby
Yim, +852-3196-3712, eFuture@Taylor-Rafferty.com; Media Contact - Taylor
Rafferty, Jason Marshall, +1-212-889-4350, eFuture@Taylor-Rafferty.com, all
for eFuture Information Technology Inc.; JDA Software Group contacts: Investor
Relations Contact - JDA Software Group, Inc., Jeffrey Varon, +1-480-502-4660,
Jeffrey.Varon@jda.com; Media Relations - The Berlin Group, Lawrence Delaney,
Jr., +1-714-734-5000, larry@berlingroup.com for JDA Software Group, Inc.
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