The partnership with the US-based e-business software company, which specialises in supply chain planning, will give Hays unique use of i2’s software solutions in Europe when offering ‘fourth party solutions’ – under which they design and run a company’s e-business system – to its major international customers.
Ronnie Frost, Hays chairman, said: ‘Given i2’s acknowledged leadership of the market for intelligent eBusiness solutions and supply chain software, we are delighted to have signed this unique agreement with them in Europe.’ The joint venture follows the recent £6.6m acquisition by Hays of Argon, a French consultancy specialising in supply chain and customer relationship management.
Hays has paid a £6.6m initial investment to i2 with potential for further payments linked to results.
‘The markets in which we operate are changing, and our customers increasingly require fourth party solutions’, or complete design and management of complex, integrated and often internet-based business solutions,’ added Frost.
Texas-based i2 Technologies is a leading provider of intelligent eBusiness solutions linking ‘trading communities’ via the internet.
It has a market capitalisation of $17bn (£11.3m) and long-term contracts with companies such as Dell, Texas Instruments, Philips and Compaq.
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