Click Commerce Acquires Xelus, Inc.
Acquisition Bolsters Supply Chain Planning, Optimization and Analytics Capabilities in Line with the Company's RFID-Enablement Strategy
CHICAGO, May 27 /PRNewswire-FirstCall/ -- Click Commerce, Inc. (NASDAQ:CKCM) , a leading provider of collaborative commerce solutions and a pioneer in the Software as a Service (SaaS) industry, today announced it has acquired Xelus, Inc. The acquisition brings analytical capabilities that are critical for extracting value from RFID programs and broadens the Company's solutions portfolio to include Xelus' Service Parts Planning (SPP) and Reverse Supply Chain solutions.
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As consideration for the acquisition, Click Commerce has established a wholly-owned subsidiary, which will merge with Xelus and assume Xelus' net liabilities. "We expect the operations of Xelus to be accretive almost immediately," said Michael W. Nelson, CFO of Click Commerce. "We will be able to finance the subsidiary from our cash position or the credit facility we currently have in place. We will provide more details of this transaction in our second quarter conference call." There will be no Click Commerce stock issued in connection with this transaction.
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introduced its electronic commerce system in 1999. Currently, Amway Korea acquires 65% of its sales revenue from electronic commerce so server utilization of various departments continues to grow. However, time backup and were also incompatible with different kinds of servers, frequently resulting in systems problems. As a result, Amway Korea started to develop the Disaster Recovery and Backup System for Window NT Server as a part of ABN ( supporting chain for sales with CRM, CTI, and web), which helps achieve business continuity.
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"The next arena for widespread RFID adoption is the marketplace for high- value parts and complex finished goods," said Michael W. Ferro, Jr., chairman and CEO of Click Commerce, Inc. "Xelus is a strategic technology acquisition for Click in the RFID space. Combining Xelus' Service Parts Planning, optimization and analytical capabilities with Click's existing Service Parts Demand Management and Service Parts Fulfillment solutions closes a critical gap for those companies with complex, distributed parts supply chains that are pursuing RFID initiatives."
year career in sales and marketing with Hewlett Packard and Apollo Computer. He is a graduate of MIT with a bachelor's degree in electrical engineering and computer science and has an MBA from the Harvard Business School. Bill is currently on the boards of Lumigent, Red Hat, and WildTangent. He previously served on the boards of Alias Research (acquired by SGI), Avid Technology, CheckFree, Clarus, Course Technology (acquired by Thomson), Gateway Design Automation (acquired by Cadence), Mainspring Communications (acquired by IBM), MapInfo, Open Market (acquired by divine), Raptor Systems (acquired by Axent, now part of Symantec), Reflectent (acquired by Citrix), SightPath (acquired by Cisco), Spyglass (acquired by Open TV), Student Advantage and Tenth Planet (now part of Mattel).
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shipping is actually a wholesaler that has had to adapt to keep up with the times. Ingram Micro Inc., equipment wholesaler in Santa Ana, Calif., has been distributing computer gear for the likes of IBM, P and Toshiba Corp. for more than 20 years. On any given day, the company ships 40, 000 to 60, 000 orders in the U.S. and 80, 000 to 120, wide. Kevin Murai, president of Ingram Micro's North American region, says 84% of the U.S. shipments, up from 70% a few years ago, commerce took off.
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Outsourcing has created fragmentation of the traditional supply chain, with partners replacing departments. These multi-enterprise supply chains, particularly those that deal in high-value or mission-critical parts, require technology that can span company boundaries to capture critical inventory and spare parts planning data, and track and manage asset flow in real time. Traditional planning solutions focus solely on fixing inventory levels. Xelus solutions merge planning, execution and real-time decision making to deliver a platform that drives planning goals and objectives into operational execution. In addition, Xelus solutions give planners access to real-time data, providing the basis for next plateau cost reductions and performance improvements.
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Xelus enterprise solutions delicately balance the need for centralized control coordinated with local intelligence. The Company's supply chain solutions serve customers in the aerospace and defense, commercial aviation, contract repair, high-tech, telecom, and transportation industries, including, Abbott Labs, Air France, Alaska Airlines, BAE Systems, Bell South, Cisco, Dell, Delta Airlines, Eastman Kodak, Hewlett Packard, IBM, Lockheed Martin, Samsung, SBC Communications, Tektronix, Tyco, Verizon, and Xerox.
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"Xelus has over 30 years experience in creating breakthrough value by providing collaborative Service Parts Management and Reverse Supply Chain solutions for Global 1000 organizations," said Ed Wodarski, VP and Chief Strategist of Xelus. "This experience, combined with Click's financial strength, allows us to offer our combined customer base an end-to-end supply chain solution that helps them take costs out of the front end of their business and maximize revenue opportunities on the service side."
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About Xelus, Inc.
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Xelus, Inc. provides collaborative Service Parts Management and Reverse Supply Chain solutions to Global 1000 organizations. The Xelus solution merges planning and execution to optimize global inventory and collaboration in the multi-enterprise service supply chain. Xelus combines domain expertise with best-practice knowledge of service operations to serve companies in the aviation, defense, telecommunications, high-tech, surface transportation, and energy verticals. Xelus is a privately held company headquartered in Rochester, NY, with field offices throughout the United States and Europe.
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About Click Commerce, Inc.
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Click Commerce, Inc. (NASDAQ:CKCM) provides collaborative commerce solutions for sales and order management, supply chain management, and compliance automation. Enterprises and institutions in the manufacturing, distribution, high-tech, consumer product, retail, financial services, higher education and health care industries utilize the Company's solutions. Click Commerce enables corporations such as Microsoft, Delphi, Honda, Citibank, FedEx, Carrier, Samsung, Hitachi, Ryder, Tellabs, Pier 1, and Home Shopping Network to coordinate and optimize business processes, accelerate revenue, lower costs, and improve customer service. Five of the top 10 research institutions in North America, including Johns Hopkins, University of Washington, and the University of Michigan, use the Company's compliance automation software to automate their regulatory compliance processes and manage research project approvals. More information can be found at http://www.clickcommerce.com/ .
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Click Commerce is a registered trademark of Click Commerce, Inc. and its subsidiaries. All other company and product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.
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Source: Click Commerce, Inc.
