EX-99.1
3
a05-20970_1ex99d1.htm
EXHIBIT 99
Exhibit 99.1
FOR IMMEDIATE RELEASE
Click Commerce Acquires Requisite Technology, Inc.
Acquisition provides leading Master
Data Management capabilities to drive Collaborative
Commerce Solutions Across the Demand, Supply and Service Chains
CHICAGO, Nov. 22,
2005 -
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 Requisite Technology,
Inc (Requisite). The acquisition enhances Click Commerce, Inc.'s (Click
Commerce) catalog offering by adding a widely-implemented Master Data
Management (MDM) capability that is an enabler of collaborative commerce and
RFID programs. Requisite's MDM software is currently embedded in one of the world's
largest Enterprise Resource Planning (ERP) provider's solutions, with
approximately 400 of its customers actively using elements of the Requisite
solution. Requisite's software is already in use on a SaaS basis with various
leading Business Process Outsourcing (BPO) providers who are using the
applications to support their procurement operations.
In
addition to providing MDM capabilities, the acquisition adds patented
technology and increases Click Commerce's presence in Europe with additional
sales and support staff in key markets, providing Click Commerce with
additional opportunities to deliver its Demand, Supply and Service chain
collaborative commerce solutions.
The
acquisition broadens Click Commerce's solutions portfolio to include Requisite's
Bugseye ® patented search engine, Content Workstation
content
cleansing, alignment and validation tools, eMerge
tm
content
aggregation and workflow management tools, and a unique framework for using the
data across many different levels: industries, regions, companies, and
departments. Requisite provides software to many different industries and end
users, including the aerospace and defense, commercial aviation, consumer
goods, contract repair, high-tech, telecom, petrochemical and transportation
industries. Some of Requisite's leading customers
include BASF, Eastman Kodak, Graybar, Marathon Ashland Petroleum, and
Union Bank of California.
Requisite's
solutions enable companies to manage information about any type of item,
including finished goods for resale, direct materials used in manufacturing,
and indirect materials used in Maintenance, Repair and Overhaul (MRO)
operations. These solutions also enable companies to create, collect, align,
and enhance data to provide one uniform version of information, regardless of
their catalog needs. Requisite's patented search capabilities allow users to
search aggregated information to find relevant results and have access to item
details and images.
Requisite
currently licenses certain of its products to one of the world's leading ERP
providers, which has sublicensed it to its customers as part of its Supplier
Relationship Management (SRM) solution. Requisite provides ongoing service and
maintenance with respect to its products under subcontract with this ERP
provider. As part of Click Commerce's acquisition of Requisite, the ERP
provider has extended its contractual relationship with Requisite through 2006.
As a result, Requisite will continue to provide support to the end users of its
products through the next year. At the end of this contract period, Click
Commerce would anticipate continuing to offer customers using Requisite's
products support on a direct basis.
Click
Commerce is purchasing Requisite for approximately 800,000 shares of Click
Commerce Common stock and approximately $1,000,000 in cash. As a result of the acquisition, Click
Commerce's cash and cash equivalents will increase by over $8,500,000.
About
Requisite Technology, Inc.
Requisite
Technology develops Master Data Management solutions for transforming
disorganized plant, material, and finished product data into consistent
information repositories. Leading business software providers have made
Requisite a part of their solutions. In addition, Requisite directly and
through its global service partners, including Atos Origin, delivers
infrastructure and services that make manufacturers' MDM and related cost
reduction projects successful.
About Click Commerce
Click
Commerce, Inc. (Nasdaq: CKCM) provides collaborative commerce solutions
for sales and order management, supply chain management, service parts
optimization, and compliance automation. Enterprises and institutions in the
aerospace and defense, consumer product, distribution, financial services,
higher education and health care, manufacturing, retail,
telecom, and transportation industries utilize the Company's solutions.
Click Commerce enables corporations such as Abbott Labs, Alaska Airlines, BAE
Systems, Carrier, Cisco, Citibank, Dell, Delphi, Eastman Kodak, FedEx, Hewlett
Packard, Home Shopping Network, Honda, IBM, Lockheed Martin, Microsoft, Pier 1,
Ryder, Samsung, SBC Communications, Tellabs, Verizon, and Xerox, 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 www.clickcommerce.com.
Copyright
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.
Investor Contact:
Mike Nelson
Click Commerce, Inc.
(312) 377-3050
ir@clickcommerce.com
Media Contact:
Nellie Greely
Click Commerce, Inc.
(312) 377-3944
nellie.greely@clickcommerce.com

EX - 99 . 1 3 a05 - 20970 _ 1ex99d1 . htm EXHIBIT 99 Exhibit 99 . 1 FOR IMMEDIATE RELEASE Click Commerce Acquires Requisite Technology , Inc . Acquisition provides leading Master Data Management capabilities to drive Collaborative Commerce Solutions Across the Demand , Supply and Service Chains CHICAGO , Nov. 22 , 2005 - 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 Requisite Technology , Inc ( Requisite ) . The acquisition enhances Click Commerce , Inc . 's ( Click Commerce ) catalog offering by adding a widely - implemented Master Data Management ( MDM ) capability that is an enabler of collaborative commerce and RFID programs . Requisite 's MDM software is currently embedded in one of the world 's largest Enterprise Resource Planning ( ERP ) provider 's solutions , with approximately 400 of its customers actively using elements of the Requisite solution . Requisite 's software is already in use on a SaaS basis with various leading Business Process Outsourcing ( BPO ) providers who are using the applications to support their procurement operations . In addition to providing MDM capabilities , the acquisition adds patented technology and increases Click Commerce 's presence in Europe with additional sales and support staff in key markets , providing Click Commerce with additional opportunities to deliver its Demand , Supply and Service chain collaborative commerce solutions . The acquisition broadens Click Commerce 's solutions portfolio to include Requisite 's Bugseye ® patented search engine , Content Workstation content cleansing , alignment and validation tools , eMerge tm content aggregation and workflow management tools , and a unique framework for using the data across many different levels : industries , regions , companies , and departments . Requisite provides software to many different industries and end users , including the aerospace and defense , commercial aviation , consumer goods , contract repair , high - tech , telecom , petrochemical and transportation industries . Some of Requisite 's leading customers include BASF , Eastman Kodak , Graybar , Marathon Ashland Petroleum , and Union Bank of California . Requisite 's solutions enable companies to manage information about any type of item , including finished goods for resale , direct materials used in manufacturing , and indirect materials used in Maintenance , Repair and Overhaul ( MRO ) operations . These solutions also enable companies to create , collect , align , and enhance data to provide one uniform version of information , regardless of their catalog needs . Requisite 's patented search capabilities allow users to search aggregated information to find relevant results and have access to item details and images . Requisite currently licenses certain of its products to one of the world 's leading ERP providers , which has sublicensed it to its customers as part of its Supplier Relationship Management ( SRM ) solution . Requisite provides ongoing service and maintenance with respect to its products under subcontract with this ERP provider . As part of Click Commerce 's acquisition of Requisite , the ERP provider has extended its contractual relationship with Requisite through 2006 . As a result , Requisite will continue to provide support to the end users of its products through the next year . At the end of this contract period , Click Commerce would anticipate continuing to offer customers using Requisite 's products support on a direct basis . Click Commerce is purchasing Requisite for approximately 800,000 shares of Click Commerce Common stock and approximately $ 1,000,000 in cash . As a result of the acquisition , Click Commerce 's cash and cash equivalents will increase by over $ 8,500,000 . About Requisite Technology , Inc . Requisite Technology develops Master Data Management solutions for transforming disorganized plant , material , and finished product data into consistent information repositories . Leading business software providers have made Requisite a part of their solutions . In addition , Requisite directly and through its global service partners , including Atos Origin , delivers infrastructure and services that make manufacturers ' MDM and related cost reduction projects successful . About Click Commerce Click Commerce , Inc . ( Nasdaq : CKCM ) provides collaborative commerce solutions for sales and order management , supply chain management , service parts optimization , and compliance automation . Enterprises and institutions in the aerospace and defense , consumer product , distribution , financial services , higher education and health care , manufacturing , retail , telecom , and transportation industries utilize the Company 's solutions . Click Commerce enables corporations such as Abbott Labs , Alaska Airlines , BAE Systems , Carrier , Cisco , Citibank , Dell , Delphi , Eastman Kodak , FedEx , Hewlett Packard , Home Shopping Network , Honda , IBM , Lockheed Martin , Microsoft , Pier 1 , Ryder , Samsung , SBC Communications , Tellabs , Verizon , and Xerox , 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 www.clickcommerce.com . Copyright 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 . Investor Contact : Mike Nelson Click Commerce , Inc . ( 312 ) 377 - 3050 ir@clickcommerce.com Media Contact : Nellie Greely Click Commerce , Inc . ( 312 ) 377 - 3944 nellie.greely@clickcommerce.com
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