Savvion’s Business Process Management System will enhance eSolution workflow features, enabling i2 customers to further streamline collaboration
SANTA CLARA, CALIFORNIA, U.S.A. - Savvion, an innovative global provider of Internet-deployed Business Process Management solutions, and i2 Technologies, Inc. (Nasdaq: ITWO), the leading global provider of intelligent eBusiness solutions, today announced a licensing agreement whereby i2 will integrate Savvion’s Business Process Management technology into its Design and Source software products.
The Westaim Corporation holds a 22 per cent equity interest in Savvion, formerly Technology Deployment International.
Using Savvion’s unique BusinessManagerTM business process platform, i2 will enhance the business collaboration automation capabilities in its leading suite of eSolutions for Design, Source, and Operations to further streamline inbound supply and support collaboration among even the most independent divisions and subsidiaries. i2's Web-based enterprise suite – gained through the acquisition of Aspect Development – links internal product development, procurement, sourcing, and operations organizations, as well as partners and suppliers, to optimize the acquisition and use of component parts, materials, and supplies. By integrating Savvion’s BusinessManager into the eSolution suite, i2 will automate, analyze, and manage in real time additional business processes to provide customers and partners with increased operational efficiencies.
“E-business is quickly shifting from being a competitive advantage to being a competitive requirement. By adding highly sophisticated business process features to our eSolution suite using Savvion’s BusinessManager, we can further streamline the process of conducting business for our customers,” said Romesh Wadhwani, i2 Vice Chairman and former Chairman and CEO of Aspect Development. “Savvion is the leading provider of e-Business Process Management solutions, making them the ideal partner for i2.”
Aspect customers include more than 180 of the world’s largest companies, spanning all major industries, including high tech, industrial, automotive, utilities, aerospace and defense, chemical and pharmaceutical, and consumer packaged goods. These customers have combined annual revenue of $1 trillion and $500 billion in inbound supply spending. Estimates show Aspect’s next-generation B2B eCommerce solutions to be collectively saving these companies billions of dollars by achieving efficiencies in procurement, design, operations management, and the supply chain.
“Leading companies recognize the highly competitive benefits offered by BusinessManager,” said Dr. Mohammad Ketabchi, Savvion founder and CEO. “i2's integration of BusinessManager as an integral part of its Design and Source enterprise solution suite further validates our position as a leading solutions provider for Business Process Automation and Management.”
About Savvion
Savvion is an innovative global provider of Internet-deployed business management solutions. The company’s e-business platform, BusinessManagerTM, lets customers automate business operations by quickly transforming internal and external processes into flexible, distributed Web applications that can be accessed and managed over intranets, extranets, and wireless devices. Customers then manage their business operations online, streamlining interaction across the extended enterprise with their customers, partners, suppliers, and employees. BusinessManager gives customers a real-time, online view of their automated business processes and the power to modify their execution dynamically based on changing conditions. Privately held, Savvion received $25 million in first-round funding in April 2000 from an international investment group including: Westaim Corp, HIG Capital, TransCosmos USA (Japan), D-Age (Netherlands), and Redwood Venture Partners. Savvion is headquartered in the heart of Silicon Valley in Santa Clara, Calif.
About i2
i2 Technologies, Inc. is a global provider of intelligent eBusiness solutions that help enterprises optimize business processes both internally and among trading partners. Its solutions enable enterprises to significantly improve efficiencies, collaborate with suppliers and customers, respond to market demands, and engage in dynamic business interactions over the Internet. The Company has recently launched TradeMatrix, a robust platform of business-to-business solutions, services, and marketplaces, which will allow customers, partners, suppliers, and service providers to do business together in real time. TradeMatrix offers a full breadth of services that include planning, procurement, commerce, fulfillment, customer care, retail, strategic sourcing, and product development. Its Rhythm product suite principally includes solutions for supply chain management, customer management, product lifecycle management, inter-process planning, and strategic planning.
About The Westaim Corporation
The Westaim Corporation is a technology accelerator that launches exceptional technologies into the marketplace. In addition to its investment in Savvion, Westaim’s technology investments include Westaim Biomedical Corp., which has developed an infection control technology for use in the treatment of wounds, and iFire Technology Inc., which has developed a revolutionary low-cost flat panel display. Westaim’s common shares are listed on Nasdaq under the symbol WEDX and on the Toronto Stock Exchange under the trading symbol WED.
- 30 -
For more information:
Tony Johnston, Senior Vice President, Corporate Affairs, The Westaim Corporation
(403) 234-3103, info@westaim.com, www.westaim.com
Don Nanneman, Savvion
(408) 330-3496; nanneman@savvion.com, www.savvion.com
Mary MacGregor, Spiralgroup for Savvion
(760) 360-9014, marym@spiralgroup.com
This news release may contain forward-looking statements. These statements are based on current expectations that are subject to risks and uncertainties, and the Company can give no assurance that these expectations are correct. Various factors could cause actual results to differ materially from those projected in such statements, including financial considerations and those predicting the timing and market acceptance of future products. The Company disclaims any intention or obligations to revise forward-looking statements whether as a result of new information, future developments or otherwise. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement.
|