News

JDA(r) Software Group Inc. (NASDAQ: JDAS) announced that it has completed the purchase of the Neovista(r) products, including the Decision Series(r) data mining toolset, from Accrue(r) Software Inc. (NASDAQ:ACRU) for an undisclosed sum.

Because the leading edge Decision Series currently serves as the foundation for JDA Intellect(tm), its new market-ready business intelligence application, the company expects the assimilation to be rapid and uncomplicated. The transaction was accounted for as a cash purchase and is not material to the company's financial position.

In addition to the Decision Series, JDA gained Accrue's RDS-Assort and RDS-Profile products, which will be marketed as modules of Intellect.

The company has also extended employment offers to several associates from the NeoVista team, who will relocate from Accrue's Fremont, Calif. office to a new JDA facility in the area. The San Jose area office marks JDA's 32nd global location, and first development facility in the Silicon Valley.

Accrue Alliance Evolves Into Acquisition

JDA first announced a partnership with Accrue in March 2000, which allowed the company to embed the Decision Series, a proven performer at some of the world's largest retailers, into select Portfolio products.

JDA's interest in acquiring the Decision Series intensified as it developed the Intellect modules. Powered by the Decision Series, Intellect enables JDA to deliver another retail first: actionable business intelligence in a packaged solution that features advanced descriptive and predictive analytic capabilities.

"With the current economic slow down forcing executives to stay focused on the issues that most affect their bottom line, we've seen increased demand for the type of knowledge discovery that only data mining solutions can deliver," commented Hamish Brewer, JDA president.

For more information, visit JDA at www.jda.com