Radcliffe Acquires KEF Technologies

Acquisition provides project management expertise for RadcliffeÕs professional services division

Markham, Canada -- March 12, 2003 -- Radcliffe, a developer of supply chain management systems, has announced its acquisition of KEF Technologies, a project management solution provider based in Toronto, Ontario, that focuses on providing consulting, integration, change management, education and mentoring services.

ÒThis acquisition will quickly add a great deal of knowledge and experience in project management to RadcliffeÕs professional service offering,Ó explained Fred Radcliffe, President of Radcliffe. ÒWe plan to utilize the project management expertise of KEFÕs consultants to improve the overall project management of our own supply chain and SAP implementation projects, while at the same time targeting KEFÕs current verticals to expand our market share in project management.Ó

KEF Technologies, a Microsoft Project Partner and Microsoft Certified Partner, currently serves the financial services, insurance, manufacturing, pharmaceutical, technology, government and health care sectors. These industries complement RadcliffeÕs presence in the food, beverage, consumer and industrial products markets.

Radcliffe said the entire KEF team would be merged into its organization, and it plans to grow the project management team of its professional services division.

Client projects that are currently in progress at KEF will not be affected by the acquisition, according to Radcliffe.

ÒFor KEF Technologies this acquisition is a positive event,Ó says Steve Seider, Vice President of KEF Technologies. ÒBy merging with Radcliffe we can take advantage of the resources of a larger organization. Both our employees and our customers will benefit from working with a stable and profitable company.Ó

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