GREENVILLE, S.C., April 1, 2015 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading global supplier of electronic components, has purchased IntelliData, Inc., a Greenwood Village, Colorado-based developer of digital solutions supporting discovery, decision support, and the sales and marketing of electronic components. As a KEMET vendor since 2000, IntelliData provides a variety of content automation and delivery tools and services.
"The needs of the electronic component industry stand unique, and IntelliData's proven expertise in software development and content delivery will clearly be an asset to KEMET as we continue to expand our capacitor, electromechanical and electromagnetic technologies," said Per Loof, KEMET Chief Executive Officer. "KEMET is committed to investing in solutions that provide our customers with the most current part data available to assist with the design-in process, and beyond."
"For nearly fifteen years, KEMET has shared our vision for removing complexity from component selection and elevating the sales and service experience for their customers," said Tim Herring, IntelliData President. "As part of the KEMET family, we look forward to leading our industry with web and mobile applications which drive efficiency throughout the design/selection and sales processes."
KEMET Corporation is a leading global supplier of electronic components. We offer our customers the broadest selection of capacitor technologies in the industry, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. Our vision is to be the preferred supplier of electronic component solutions demanding the highest standards of quality, delivery and service. KEMET's common stock is listed on the NYSE under the symbol "KEM." Additional information about KEMET can be found at http://www.kemet.com.
IntelliData was founded in 1999 by electronics industry executives. The company's vision is to utilize our in-depth knowledge of industry needs and design our intellectual property into software and data content solutions. Our database and software products support more than 560 electronic component manufacturers delivering power and efficiency to design/selection, decision support, sales and marketing.
Cautionary Statement on Forward-Looking Statements
Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about KEMET Corporation's (the "Company") financial condition and results of operations that are based on management's current expectations, estimates and projections about the markets in which the Company operates, as well as management's beliefs and assumptions. Words such as "expects," "anticipates," "believes," "estimates," variations of such words and other similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in, or implied by, such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.
Certain risks and uncertainties that could cause actual outcome and results to differ materially from those expressed in, or implied by, these forward-looking statements are described in the Company's reports and filings with the Securities and Exchange Commission.
William M. Lowe, Jr.
Executive Vice President and Chief Financial Officer
SOURCE KEMET Corporation