Blue Agave Software Announces Strategic Relationship with VeriSign to Enhance Applications with Real-Time RFID and Point-of-Sale Data
Cambridge, Massachusetts, March 14, 2006 - Blue Agave Software, Inc., a provider of software solutions for improving replenishment, demand management and fulfillment execution, and VeriSign, the leading provider of intelligent infrastructure services for the Internet and telecommunications networks today announced a strategic relationship to promote the benefits of integrating real-time RFID product movement data and Point-of-Sale ( POS ) data from VeriSign's Intelligent Supply Chain Services platform into Blue Agave's Retail Channel ExecutionT applications. The combined solution can provide consumer goods manufacturers with real-time insight into actual consumer demand down to the most granular levels of store and product (SKU) sales, along with the predictive execution capabilities necessary to respond effectively to variability in consumer demand.
In the $800 billion retail marketplace, consumer goods manufacturers are continuously seeking to improve visibility and collaboration around critical sales and operational processes. Advancements in technology are driving new levels of information availability to both consumer goods companies and their retail partners, including product movement data from RFID and POS data. Retail Channel Execution applications make this data actionable, enabling decision-makers to respond rapidly to changes in consumer demand in order to preempt revenue-impacting issues like "out of stock," excess inventories, forecast variances, promotion variances, and store-level anomalies.
"Our customers understand that employing demand-driven replenishment processes is a significant competitive differentiator within the increasingly challenging retail landscape," said Jim Morganstern , vice president, Blue Agave Software. "VeriSign's proven platform for retail data management ensures that our customers have access to timely and accurate POS data, while also building a foundation for value from emerging product movement data from RFID."
VeriSign's Intelligent Supply Chain Services provide secure, scalable infrastructure services for critical supply chain data - including POS and RFID - to support the collaboration of global supply chain participants and enable the solutions of their vendors. VeriSign has assumed a leadership role in providing the secure infrastructure necessary to enable global data sharing of POS and RFID data for enhanced visibility in the retail supply chain.
"Deriving value from retail demand data - including POS and RFID - on a global basis is increasingly a 'make or break' equation for retail supply chain participants," said Jeff Richards, vice president of VeriSign Intelligent Supply Chain Services. "Our alliance with Blue Agave is representative of our ongoing efforts with leading application providers to deliver a comprehensive, actionable, global demand signal to supply chain participants."
About Blue Agave
Blue Agave Software enables consumer products companies to improve replenishment, demand management, and fulfillment execution with their retail customers. Its Retail Channel ExecutionT family of integrated applications delivers real-time, store/SKU-level insight into demand-driven operating issues. These applications anticipate problems, present the issues in an intuitive visual environment, and guide timely, informed resolution. Blue Agave's customers have fewer stock-outs, less excess, better forecasts, more successful promotions, and a more satisfied & profitable retail channel. Blue Agave applications are quickly deployed, delivering measurable benefits within 8-10 weeks. Blue Agave is a privately held company headquartered in Cambridge , Mass. and can be reached at www.blueagavesoft.com or (617) 621-3400.
About VeriSign
VeriSign, Inc. operates intelligent infrastructure services that enable and protect billions of interactions every day across the world's voice and data networks. Additional news and information about the company is available at www.verisign.com.
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VeriSign and other trademarks, service marks, and logos are registered or unregistered trademarks of VeriSign and its subsidiaries in the United States and in foreign countries. Copyright © 2006 VeriSign, Inc. All rights reserved.
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Forward Looking Statements
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, including VeriSign's Intelligent Supply Chain Service(s); the possibility that VeriSign's announced new services may not result in additional customers, profits or revenues; and increased competition and pricing pressures. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2004 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
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