Spinnaker Acquires Plan4Demand
Spinnaker Strengthens Its Core Supply Chain Planning and Logistics Services
DENVER, Dec. 9, 2013 /PRNewswire/ -- Spinnaker today announced that it has entered into an agreement to acquire Plan4Demand. Plan4Demand provides consulting services for planning solutions that incorporate supply chain process enhancements, performance acceleration programs that help empower planners, technology implementation and optimization services to drive visibility and velocity. Spinnaker offers a comprehensive service/solution mix from supply chain planning to logistics services. Together, Spinnaker and Plan4Demand will provide a breadth and depth of innovative supply chain solutions that help companies remain competitive in their market space. The transaction is expected to close in mid-December 2013.
"Spinnaker is moving aggressively to provide a full array of supply chain services with a deep bench of experienced industry talent that utilizes a 'state of the art' and proven holistic solution approach to better serve our clients," said Robert Benson, Founder and Managing Principal of Spinnaker. "The synergies between Spinnaker and Plan4Demand further strengthen our integrated business planning capabilities. We will continue to look for companies that will help us to enhance our ability to impact and improve are customers supply chain performance."
Spinnaker's acquisition of Plan4Demand will help the company solidify and enhance their current JDA practice and add SAP APO/SCM capabilities. Also, the merger brings new supply chain planning talent/organizational development capabilities that have truly helped customers rationalize their organizational gaps and develop a pragmatic program to increase planning acumen in the long term beyond a specific project initiative. Additionally, the acquisition includes a strategic staffing group called Pros2plan which helps customers across the enterprise address staffing needs and provides them ability the flex up and down as required based budget.
Lisa Kustra, Founder and current CEO of Plan4Demand, will be joining the Spinnaker management team as the new Vice President of Sales and Marketing. "I am very excited to be a part of a larger team that is focused on planning excellence within the supply chain," said Ms. Kustra. "This merger will truly benefit our clients, employees and partners in many ways. It is the next step in our evolution as a tenured and proven services provider in the market space. Culturally, both firms embody the same values and similar approaches to building client trust through consistently delivering on what we promised. We have more fire power to take on bigger and more complex solutions than ever before. I am anxious to get started."
The acquisition of Plan4Demand enables Spinnaker to bolster its planning practice and expand its technology footprint. Spinnaker specializes in innovation, design, system implementation, upgrades, migrations and enhancements, as well as returns logistics management and logistics services. Additionally, the company provides planning fitness assessment roadmaps, system optimization, analytics and centers of excellence development, while keeping a keen eye toward the next wave of technology.
About Spinnaker
Founded in 2002, Spinnaker leads the industry with innovative supply chain solutions that help clients remain competitive in the global marketplace. Spinnaker offers a comprehensive service/solution mix, from supply chain consulting to logistics services.
Spinnaker has partnered with a range of clients, from Fortune 500 companies to start-up enterprises, most of which are market leaders in their respective industries. Spinnaker delivers supply chain excellence with world-class people, processes, technology and operational know-how. Headquartered in Denver, Spinnaker also has offices in Boston, Columbus, Houston, Memphis, London and Singapore. To learn more regarding this announcement, contact us at www.spinnakermgmt.com or call +1-877-476-0576.
About Plan4Demand
Plan4Demand Solutions Inc. is a consulting services firm that helps Global 500, Fortune 1000, and mid-market companies around the world increase profitability and reduce operating costs through its holistic People—Process—Technology approach to maximizing efficiencies across their supply chains.
Plan4Demand provides solutions that incorporate supply chain process enhancements, performance acceleration programs and technology enablement services to drive visibility and velocity. Ultimately, Plan4Demand helps companies collaborate better, creating a distinct competitive advantage through better planning and execution.
Spinnaker Marketing Contact:
Lori L. Searls
Senior Manager, Demand Creation
720-457-5443
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements about Spinnaker and Plan4Demand, including statements that involve risks and uncertainties concerning Spinnaker's proposed acquisition of Plan4Demand, anticipated customer benefits and general business outlook. When used in this press release, the words "anticipates," "can," "will," "look forward to," "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Spinnaker or Plan4Demand, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed; the anticipated synergies of the combined companies may not be achieved after closing; the combined operations may not be successfully integrated in a timely manner, if at all; general economic conditions in regions in which either company does business; and the possibility that Spinnaker or Plan4Demand may be adversely affected by other economic, business and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Spinnaker or Plan4Demand.
In addition, please refer to the documents that Spinnaker and Plan4Demand, respectively, file with the U.S. Securities and Exchange Commission (the "SEC") on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Spinnaker's and Plan4Demand's respective operational and other results to differ materially from those contained in the forward-looking statements set forth in this press release. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Neither Spinnaker nor Plan4Demand is under any duty to update any of the information in this press release.
Additional Information about the Merger and Where to Find It
In connection with the proposed merger, Plan4Demand will file a proxy statement with the SEC. Additionally, Plan4Demand and Spinnaker will file other relevant materials in connection with the proposed acquisition of Plan4Demand by Spinnaker pursuant to the terms of an Agreement and Plan of Merger. The materials to be filed by Plan4Demand with the SEC may be obtained free of charge at the SEC's website at www.sec.gov. Investors and security holders of Plan4Demand are urged to read the proxy statement and the other relevant materials when they become available before making any voting or investment decision with respect to the proposed merger because they will contain important information about the merger and the parties to the merger. Spinnaker, Plan4Demand and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Plan4Demand stockholders in connection with the proposed merger. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Spinnaker's executive officers and directors in the solicitation by reading the proxy statement and other relevant materials filed with the SEC when they become available. Information concerning the interests of Plan4Demand's participants in the solicitation, which may, in some cases, be different than those of Plan4Demand's stockholders generally, is set forth in the materials filed with the SEC on Form 10-K and will be set forth in the proxy statement.
SOURCE Spinnaker
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