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.
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