Prescient, viaLink Complete Merger

New company combines demand planning, collaborative commerce solutions to align suppliers, retailers

New company combines demand planning, collaborative commerce solutions to align suppliers, retailers

West Chester, PA — — January 4, 2005 — Solution providers Prescient Systems and The viaLink Company ("viaLink") have completed their stock-for-stock merger to form Prescient Applied Intelligence (PAI), combining the two enablers' demand planning and collaborative commerce solutions.

PAI will offer Web-enabled technology and software solutions designed to let business trading partners collaborate across the supply chain.

Jane Hoffer, the former president and CEO of Prescient, will lead the new management team as president and CEO of Prescient Applied Intelligence. Bob Noe, the former CEO of viaLink, will serve as a member of the board of directors for PAI. The company will be headquartered in West Chester, Pa., and maintain an office in Dallas, Texas.

Prescient Applied Intelligence said it will provide a continuum of technology-based solutions to align suppliers and retailers. viaLink's commerce technologies (including scan-based trading), combined with Prescient's demand planning applications, will fill a market need for an integrated, end-to-end solution that enables users to proactively manage information from the point-of-sale throughout the entire supply chain, the solution provider said.

"The retail industry is becoming increasingly competitive, and the most successful trading partners are those that closely align their planning and execution to improve in-store performance," said Hoffer. "By coupling our ... retailer-centric solutions with top-notch demand visibility and advanced commerce solutions, this merger is truly a win-win-win for our retailer clients, our supplier clients and the consumer."

Approximately 60 percent of PAI's total revenue is generated from subscription services and other recurring revenue streams such as maintenance.

Prescient Applied Intelligence will be a publicly traded company, and beginning January 3, PAI will be listed for quotation on the OTCBB under the symbol PPID.