News for the Hospitality Executive
Scottsdale, Ariz. – July 30, 2009 – JDA® Software Group, Inc. (NASDAQ: JDAS), a leading provider of Price Sensitive Revenue Management (PSRM) solutions, today announced the signing of a formal teaming agreement with QL2 Software, Inc., a leading on-demand data access platform provider, to collaborate on developing the growing market for competitor intelligence-driven revenue management solutions.
This agreement follows the launch earlier this year of JDA® Travel Price Optimizer, a pricing solution architected using JDA® Enterprise Architecture that is designed to serve the needs of travel, transportation and hospitality companies. JDA Travel Price Optimizer dynamically optimizes prices based on competitive rates, capacity constraints, local market demand and economic and company factors. JDA and QL2 were selected by Carlson Hotels Worldwide as the major technology partners for Carlson’s SNAP (Stay Night Automated Pricing) project. Carlson’s SNAP initiative is built on the use of QL2’s current market intelligence data, which is integrated into JDA Travel Price Optimizer, resulting in optimized nightly room rates.
Andy Archer, JDA’s group vice president, service industries, said, “JDA’s teaming agreement with QL2 enables our companies to address the next level in price optimization that factors real-time competitive pricing intelligence into the rate optimization process for more effective revenue generation. We see a valuable opportunity to drive higher client revenue by automating the synergy of these two powerful technologies. Carlson is the first company in its industry to leverage competitor intelligence as a true driver of pricing decisions – and that means better rate-setting decisions that will lead to increased revenues for operators.”
Jim Rozell, senior director of revenue optimization, Carlson, said, “When we began our revenue optimization program we reviewed the capabilities currently available and recognized a big opportunity in the way that the revenue management systems and processes handle competitor intelligence. This critical information is generally used only to evaluate past rate-setting strategies or to provide an alternative to revenue management system recommendations. This may have been acceptable in the past when competitor rates were relatively opaque, but in today’s market it is not good enough. Carlson wanted a new revenue optimization process that leverages competitor data, which is why we engaged with JDA and QL2 to develop our SNAP project.”
Russ Aldrich, chief executive officer, QL2, said, “Our agreement with JDA will enable our customers to be even more successful. New technologies have made pricing more transparent than ever, and many companies now operate in an intensely competitive environment. Revenue management decisions can no longer be made in a competitive vacuum.”
Aldrich noted that by placing current competitor data at the heart of a critical decision-making process like price optimization, operators will realize greater value from information that QL2 is already providing.
Under terms of the teaming agreement, JDA and QL2 will work together to bring new pricing capabilities to their respective clients – many of which are already customers of both companies.
“Passenger rail is a natural extension for this
new capability but we see enormous potential for this approach in other
sectors that we serve, including the rental car, airline leisure travel
and retail industries – all of which face intense competitive pressure,”
About QL2 Software, Inc.
More than 250 clients in 40 countries depend on QL2 Data-as-a-Service (DaaS) solutions for accurate and reusable data on channel, product and industry specific markets. The QL2 client-roster includes over 100 airlines, three of the top five global pharmaceuticals, and market leaders in retail, consumer products and life sciences. Founded in 2003, QL2 was named to the 2007 Inc. 500 and 2008 Inc. 5000 list of the fastest growing private companies, the 2008 Red Herring 100, and has been included in KMWorlds's 100 Companies That Matter for the past four years and Trend-Setting Products for the past three years. For more information, please visit www.QL2.com.
JDA Software Services Industries
About JDA Software Group, Inc.
This press release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as “will,” “can,” “ensure,” “help,” “enable” and “expect” and other words with forward-looking connotations. In this press release, such forward-looking statements include, without limitation, remarks that certain pricing optimization solutions and strategies will enable companies to achieve certain benefits. The occurrence of future events may involve a number of risks and uncertainties, including, but not limited to: (a) our solutions may not perform exactly as we anticipate; (b) there may be implementation and integration problems associated with our solutions; and (c) other risks detailed from time to time in the “Risk Factors” section of our filings with the Securities and Exchange Commission. Additional information relating to the uncertainty affecting our business is contained in our filings with the SEC. As a result of these and other risks, actual results may differ materially from those predicted. JDA is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
“JDA” and “Manugistics” are trademarks or registered trademarks of JDA Software Group, Inc. Any trade, product or service name referenced in this document using the name “JDA” is a trademark and/or property of JDA Software Group, Inc.
JDA Software Group, Inc.
JDA Investor Relations Contact:
JDA Public Relations Contact:
Julie Keyser-Squires, Softscribe Inc.
|Also See:||SNAP To It: A New Program Launched by Carlson Hotels Breaks the Property System Paradigm / June 2009|
|Carlson Hotels Worldwide Selects JDA Software to Support its Stay Night Automated Pricing (SNAP) Initiative; JDA's New Travel Price Optimizer will Drive the Next Phase of Carlson Hotels Worldwide's Revenue Optimization Program / March 2009|
|JDA Software Named 'Supplier of the Year' by Carlson Hotels Worldwide; Carlson Honors JDA Software for its Ground-breaking Revenue Management Solution During an Award Ceremony at Carlson's Global Conference in Las Vegas / March 2008|
|Carlson Hotels Worldwide Completes Initial Phase of JDA Software's Enterprise Demand Outlook for Chain-Wide Revenue Optimization; Carlson Partners with JDA for Rapid Eight-Month Delivery of Unique, Actionable Enterprise Demand Outlook to 615 North American Properties for Better Decision Making / December 2007|
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|Hotel Industry Executives Chart Future of Demand Forecasting at JDA Leadership Dinner; Hospitality Chain Stakeholders Discuss Innovations to Boost Revenue Optimization / July 2007|
|Carlson Hotels Worldwide Selects JDA Software To Implement Chain-wide Revenue Optimization Solutions; Carlson Partners with JDA to Drive Value for its Franchisees with Next Generation Revenue Optimization Capabilities / April 2007|
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|JDA® Software Group Adds Revenue Management Professionals to Services Industries Division; JDA grows Revenue Management Services with three industry professionals / December 2006|
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