Ottawa, Canada, May 22, 2018 – Kinaxis Inc. (TSX:KXS), provider of RapidResponse®, a leading cloud-based supply chain management solution based on concurrent planning, today announced Extreme Networks has selected Kinaxis® to manage the company’s growing global demand, supply and inventory operations.
Extreme Networks, Inc., a global provider of open, software-driven solutions from the enterprise edge to the cloud with customers in more than 80 countries, has chosen Kinaxis to unify its view into the supply chain networks of the companies it acquired over a 12-month span.
“With Kinaxis on board, we now have complete visibility into what has quickly become a very complex supply chain,” said Jack Lyon, Vice President of Supply Chain, Extreme Networks, Inc. “RapidResponse is a highly scalable, end-to-end supply chain management platform that consolidates multiple data flows from multiple sources, giving us complete visibility into our supply chain. As a result, we are better able to plan and execute on fluctuations in demand, supply, and inventory.”
“We are excited to work with Extreme Networks to create a singular view of the array of supply chain networks that came together during a busy round of acquisitions,” said John Sicard, Chief Executive Officer, Kinaxis. “Our ability to consolidate disparate data combined with the power of collaborative planning provides Extreme Networks with a revolutionary solution that will help them create a fully integrated business planning model.”
Through the introduction of RapidResponse, Extreme can expect to reduce costs across its entire organization by improving the productivity of its planning workforce and giving them the ability to focus on more strategic business activities. For example, supply chain professionals across the organization will have more time to optimize inventory levels to reduce carrying costs, which in turn expedites service delivery to improve customer satisfaction.
Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to Kinaxis' growth opportunities and the potential benefits of, and demand for, Kinaxis’ products and services. These statements are subject to certain assumptions, risks and uncertainties, including our view of the relative position of Kinaxis' products and services compared to competitive offerings in the industry. Readers are cautioned not to place undue reliance on such statements. Kinaxis' actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Risk factors that may cause the actual results, performance, achievements or developments of Kinaxis to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Kinaxis with Canadian securities regulatory authorities. Kinaxis assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
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