|Industry Veteran to Help Fast-Growing Collaborative Commerce Solution Provider |
LOS ANGELES (September 8, 2000) – Adexa, Inc., a leading provider of collaborative planning solutions critical to e-business, today announced the appointment of Jim Overbeck as vice president, global automotive industry solutions group. A veteran of the automotive industry with more than 20 years’ experience, Overbeck’s wealth of marketing, sales and operations expertise will help Adexa build upon its recent sale to General Motors.
As head of Adexa’s global automotive industry solutions group, Overbeck will continue developing iCollaboration’s vertical capabilities and promote the Internet-based collaborative planning solution to OEMs as well as Tier 1 and Tier 2 suppliers.
“Our selection by GM has served as strong validation of iCollaboration’s applicability in the automotive environment,” said Hoon Chung, Adexa’s chief operating officer. “With the tremendous knowledge and experience that Jim brings to Adexa, we intend to capitalize fully on Adexa’s potential to add value to our automotive clients and drive the use of collaborative planning technology throughout the industry.”
Prior to joining Adexa, Overbeck served in a variety of management roles for EDS, a global leader in providing e-business and information technology services to businesses throughout the world. While at EDS, Overbeck worked with senior client executives in the automotive industry to conceptualize, sell and implement major consulting and technology initiatives, including enterprise resource planning, business process reengineering and e-commerce. He has also worked for GM and Ford in their product engineering and prototype part development activities.
“The Automotive industry has always been an aggressive adopter of technology in its products and business processes. That approach has benefited both its customers and shareholders,” Overbeck said. “The automotive industry represents a significant e-business opportunity. OEMs and their suppliers are working to harness these technologies with initiatives like Covisint. Adexa and its partners are well-positioned to help OEMs and suppliers adopt the Internet-driven technologies and new business processes that will deliver the next round of improved customer service and build shareholder value.”
Established in 1994, Adexa develops and markets solutions that enable collaborative commerce – an Internet-based approach to sourcing, making and delivering goods that requires intelligent planning and dynamic collaboration among members of a multi-tiered supply chain. Adexa’s iCollaboration suite helps enterprises and trading exchange participants make faster, more informed business decisions by automating, synchronizing and optimizing complex, interdependent supply chain operations. Built with next-generation technology, Adexa’s iCollaboration suite is an open, scalable and adaptable solution that helps increase customer responsiveness, coordination with trading partners and enhance overall supply chain efficiency.
Headquartered in Los Angeles, Adexa has licensed its iCollaboration suite to leading companies and trading exchanges around the world, including Advanced Micro Devices, Inc., Conexant Systems, Inc., Digeno, Framatome Connectors International, Fujitsu Quantum Devices, Ltd., Matsushita Electronics Corporation, Milliken and Company, Philips Semiconductors B.V., Sanyo Electric Co. Ltd., and Sumitomo Metal Industries, Ltd. Sitix Division. To learn more about Adexa and its solutions, please visit www.adexa.com.
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding Adexa’s expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements included in this document are based upon information available to Adexa of the date hereof, and Adexa assumes no obligation to update any such forward-looking statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the factors and risks discussed in the Registration Statement Form S-1 filed from time to time with the Securities and Exchange Commission.