CHICAGO, December 22, 2003 – SSA Global™, a leading provider of extended enterprise solutions and services, today announced the completion of the merger between a subsidiary of SSA Global Technologies, Inc. and EXE Technologies Inc.®, a global supply chain execution provider. In August, SSA Global signed a definitive agreement to acquire EXE Technologies, Inc. As a result of this merger, EXE Technologies, Inc. will operate as a wholly owned subsidiary of SSA Global Technologies, Inc. All holders of EXE Technologies, Inc. common stock will receive $7.10 per share in cash, without interest.
"The addition of EXE today is further proof of SSA Global’s deep commitment to keep customers for life," said Mike Greenough, president, chairman and CEO of SSA Global. "As companies are required to find ways to do more with less, extending the value of their IT investment is a smart, strategic business decision. Our customers have one partner to go to for proven extended solutions that create competitive differentiation and significant business value – this is SSA Global and what we do best."
With the addition of EXE, SSA Global now has a complete supply chain management and execution offering giving best-of-breed functionality and enabling integration to other business process areas. EXE develops software that drives supply chain execution processes, including warehouse management, fulfillment, collaboration, inventory management and supply network execution. SSA Global’s supply chain management and execution offerings fuse the demand chain with the supply chain to ensure companies can take an order, give an accurate promise date, manufacture the right goods, allocate inventory properly, and ship efficiently, while maintaining a minimal finished goods inventory.
Highlights of the Transaction:
- EXE brings more than 20 years of industry experience in supply chain execution solution development and implementation.
- EXE operates in 36 countries and in 23 different languages, thereby strengthening SSA Global’s extensive global reach.
- SSA Global’s industry footprint is strengthened through EXE’s high-technology, consumer goods, retail, third-party logistics (3PL) and automotive industry expertise.
- EXE customers now can leverage SSA Global’s worldwide infrastructure, world-class service and financial strength.
- SSA Global will continue to support and develop the EXE product suite. The EXE Product Suite will become part of the overall SSA Global solution strategy and roadmap.
About EXE Technologies
EXE Technologies, Inc. is a leading provider of supply chain execution software solutions that deliver the vital, frontline supply chain intelligence to drive customer execution decisions and processes. EXE products and services help customers worldwide reduce inventory and operational costs while increasing customer loyalty and satisfaction. The company provides global service and support from offices located in North America, Europe, the Middle East, Asia and Australia. For more information about EXE Technologies, Inc., visit www.exe.com.
About SSA Global
SSA Global™ is a leading provider of extended enterprise resource planning (ERP) solutions for manufacturing, services, and public organizations worldwide. In addition to core ERP applications, SSA Global offers a full range of integrated extended solutions including corporate performance management, customer relationship management, product lifecycle management, supply chain management and supplier relationship management. Headquartered in Chicago, SSA Global has 121 worldwide offices and its product offerings are used by approximately 16,000 customers that represent market-leading companies in over 90 countries. For additional information, visit the SSA Global web site at www.ssaglobal.com.
SSA Global is the new corporate brand for product lines and subsidiaries of SSA Global Technologies, Inc.
SSA Global, SSA Global Technologies and SSA GT are trademarks of SSA Global Technologies, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.
Forward Looking Statements
These materials may contain "forward-looking statements" within the meaning of Section Section 21E of the Securities Exchange Act of 1934, as amended. Any statements that are not statements of historical fact (including without limitation statements to the effect that SSA Global or its management "believes", "expects", "anticipates", "plans", "looks forward" and similar expressions) should be considered forward-looking statements. Any "forward-looking statements" in these materials are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Many important factors could cause SSA Global's actual results to differ materially from those expressed in the forward-looking statements made by or on behalf of SSA Global, including, without limitation, the size and timing of license transactions, the effect of economic conditions on the spending patterns of SSA Global's customers, the impact of competitive products and services, the effect of fluctuations in the economy and local currency, the ability of SSA Global to accurately forecast revenue, the ability to maintain adequate cash flow, the ability to maintain a satisfactory credit facility, the relationship between SSA Global and its affiliates and suppliers, the ability to manage costs and expenses, the availability of qualified resources, the ability to develop and enhance products, and other unknown risks including those as may be detailed in other SSA Global filings, reports and releases. SSA Global undertakes no obligation to revise or publicly update these forward-looking statements, whether as a result of new information or otherwise.
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For press inquiries, contact:
Maria Diecidue
SSA Global, maria.diecidue@ssaglobal.com
(312) 258-6000 (312) 233-1302
or
Fred Franssen, fred@franssencom.nl
030 22 88 579