eFuture And JDA Software Announce Partnership to Penetrate the China Retail and Supply Chain Market
June 16 2009 - 8:30AM
PR Newswire (US)
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 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: Investor Relations (US): Mahmoud Siddig
Taylor Rafferty Tel: +1-212-889-4350 Email: Investor Relations
(HK): Ruby Yim Taylor Rafferty Tel: +852-3196-3712 Email: Media
Contact: Jason Marshall Taylor Rafferty Tel: +1-212-889-4350 Email:
JDA Software Group contacts: JDA Investor Relations Contact:
Lawrence Delaney, Jr. The Berlin Group Tel: +1-714-734-5000 Email:
JDA Media Relations: Jeffrey Varon JDA Software Tel:
+1-480-502-4660 Email: DATASOURCE: eFuture Information Technology
Inc. CONTACT: eFuture Contacts: Investor Contact - eFuture
Information Technology Inc., Troe Wen, Company Secretary,
+86-10-5293-7699, ; Investor Relations (US) - Taylor Rafferty,
Mahmoud Siddig, +1-212-889-4350, ; Investor Relations (HK) - Taylor
Rafferty, Ruby Yim, +852-3196-3712, ; Media Contact - Taylor
Rafferty, Jason Marshall, +1-212-889-4350, , all for eFuture
Information Technology Inc.; JDA Software Group contacts: Investor
Relations Contact - JDA Software Group, Inc., Jeffrey Varon,
+1-480-502-4660, ; Media Relations - The Berlin Group, Lawrence
Delaney, Jr., +1-714-734-5000, for JDA Software Group, Inc. Web
site: http://www.e-future.com.cn/ http://www.jda.com/
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