Russell Corporation buys Jacada web and legacy systems

The value of the deal was not disclosed. Russell trades on the New York Stock Exchange at a $530 million company value.

Jacada (Nasdaq: JCDA) today announced it was selected to enhance the applications of Russell Corporation (NYSE: RML), a major US sports apparel company.

Russell, which trades on US markets at a $530 million company value, will use Jacada's suite of legacy integration and web products to accomplish key objectives, including web-enabling their order entry application to improve access and user-friendliness, Jacada says.

In addition, says Jacada, the software will help Russell ease the pain of system integration created by business acquisitions.

"We were very impressed with Jacada's product offerings as well as the ease-of-use and the rapid time to market," said Bob Keefe, chief information officer of Russell. "Jacada's advanced integration technology will help us connect our existing legacy systems, and those we gain through acquisitions, to our current information systems which will provide more manageability and richer access to our legacy applications."

"As we move forward developing innovative solutions for Russell, Jacada will help us re-engineer existing legacy systems and generate a modern user interface that will improve user efficiency, reduce operational costs, and improve service," said Keefe.

Jacada solutions are in use today at major corporations and government organizations such as AIG, Bank of America, Caterpillar, Citibank, Delta Air Lines, The Federal Reserve Bank, Porsche Cars North America, Prudential, and the US Department of Interior. Jacada operates out of headquarters in Atlanta, Georgia; Herzliya, Israel and London, England.

The company’s shares closed on Nasdaq on Tuesday at $1.51.

Published by Globes [online] - www.globes.co.il - on 12 March, 2003

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