Denver November 20, 2001 Enterprise resource planning (ERP) supplier J.D. Edwards & Company reported this week that it had completed its acquisition of YOUcentric, a provider of customer relationship management (CRM) software.
At the same time, J.D. Edwards announced the general availability of its CRM v1.0, which combines the functionality of YOUcentric's YOUrelate product with the look and feel of J.D. Edwards' OneWorld portal.
J.D. Edwards acquired 100 percent of the capital stock of YOUcentric, valued at $86 million, in exchange for $80 million in J.D. Edwards common stock and $6 million in cash.
"J.D. Edwards' completion of the YOUcentric acquisition rounds out our collaborative commerce CRM offering," said C. Edward McVaney, J.D. Edwards' chairman, president and CEO.
Early customers for the CRM solution include Honeywell Electronic Materials (HEM), a manufacturer of materials used in the production of advanced integrated circuits and a current customer using OneWorld ERP applications. This 1,100-employee division of Honeywell, a $25 billion global technology manufacturer, will roll out J.D. Edwards CRM to its sales force over the coming months.
"The acquisition of YOUcentric by J.D. Edwards allowed for one-stop shopping for our CRM solution," said Jack Bolick, vice president and general manager of Honeywell Electronic Materials. "We were in search of an application that would be fully integrated, had the necessary features and functionality, and would deliver a rapid time to value. With J.D. Edwards' CRM, our sales and marketing will be working from information that ties directly to our J.D. Edwards enterprise system."