SOURCE: Steelwedge Software, Inc

May 03, 2005 10:45 ET

Steelwedge Software Extends Reach to Europe With Supply Chain Management Solutions Provider

Strategic Partnership With ICON Supply Chain Management Opens New Markets and Client Opportunities

PLEASANTON, CA -- (MARKET WIRE) -- May 3, 2005 -- Steelwedge Software, the leader in Enterprise Planning and Performance Management (EPPM) solutions, today announced a strategic partnership with ICON, a European Supply Chain Management software company to distribute Steelwedge EPPM to its customers.

With leading high-technology and automotive industry customers including Agilent Technologies, Audi, BMW, Bosch, DaimlerChrysler, Hewlett Packard, Infineon Technologies, Porsche and Renault, German-based ICON will provide Steelwedge with a significant presence in European markets. The partnership also provides Steelwedge customers with access to ICON's expertise in outsourced manufacturing operations planning, a proven supply chain management solution and an enterprise-ready hosting infrastructure.

"We are seeing a tremendous interest in our solutions from existing SAP and Oracle ERP customers in North America," said Steelwedge Software CEO Timothy Campbell. "With this announcement we are extending our reach to Europe in a cost-effective manner by partnering with a company that has an extremely successful track record in supply chain planning within our target segment. In ICON we have found a solid partner who can successfully market, distribute, deploy and support our solutions to their customers."

"We are excited to partner with Steelwedge to add a very robust and innovative enterprise planning and performance management solution to our supply chain solutions portfolio for our customers and prospects," said ICON CEO Michael Keppler. "The Steelwedge EPPM solution will extend the ICON supply chain management solution into collaborative demand planning and performance management - a key requirement for our customers."

The Steelwedge EPPM Solution has successfully enabled leading manufacturers to drive their consensus demand planning process, streamline business planning and enable sales & operations planning (S&OP). Using the Steelwedge Solution, manufacturers have aligned business and operational plans, accelerated planning cycles, improved forecast accuracy, lowered inventory, improved customer delivery performance, increased revenue predictability, and bettered their operating margins.

About Steelwedge

Steelwedge Software, Inc. is the leading innovator in the emerging field of Enterprise Planning and Performance Management, helping manufacturing companies create, validate and synchronize functional plans, actively align them with business and financial targets, and gain executive visibility and control over enterprise performance. Leading customers include Air Products, Enterasys, Tellabs and FedEx. Founded in 2000, Steelwedge Software is located in Pleasanton, California. For more information, please visit www.steelwedge.com.

Steelwedge and all Steelwedge product names are trademarks or registered trademarks of Steelwedge Software, Inc. All other company and product names are trademarks of their respective holders.

About ICON Supply Chain Management

ICON develops flexible, agile, and collaborative supply chain management (SCM) solutions for discrete manufacturing companies and its suppliers. ICON solutions provide exact and reliable global plans for every phase from raw material to the finished product. ICON serves the automotive, general manufacturing and high-tech computer electronics industries, and is based in Karlsruhe-Durlach, Germany, with its North American subsidiary, ICON Supply Chain Management located in Santa Clara, CA. For additional information please visit www.icon-scm.com.

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