Lawson Software Acquires Freeborders(R) Product Lifecycle Management Software Division PLM capabilities deepen Lawson's enterprise software offerings for the fashion industry ST. PAUL, Minn.--(BUSINESS WIRE)--March 17, 2008--Regulatory News: Lawson Software (Nasdaq: LWSN) today announced it has acquired the Product Lifecycle Management (PLM) software division of San Francisco-based Freeborders(R). With this acquisition, Lawson will deepen its enterprise software offerings for companies in the fashion industry. Freeborders will retain its existing technology outsourcing services, which are not included in Lawson's acquisition. PLM helps fashion manufacturing companies more quickly source the materials they need to move a product from design to production. By adding PLM capabilities to its portfolio of enterprise software offerings, Lawson can now help companies establish processes that will enable them to cut the lead time from product concept to production to actual delivery to the retail store shelf. The best-of-breed PLM solution developed by Freeborders is well-tested and proven in the fashion industry. The company serves 79 PLM customers in the U.S., Europe and Asia. Lawson Fashion PLM will initially be available as a standalone product and Lawson will determine how the product fits with its core Lawson M3 Enterprise Management System for the fashion industry. "The Freeborders solution fills a gap we had in meeting our fashion customers' overall supply chain needs," said Bob McKee, industry strategy director, Fashion, for Lawson. "We now have a proven PLM solution that our customers can add easily and can work alongside our global fashion solutions." Lawson and Freeborders currently serve several joint customers around the globe, including Hong Kong-based TAL Group. TAL is the leading manufacturer of men's and women's garments for the world's leading brands. "This is good news for customers of Freeborders and Lawson," noted Dr. Harry Lee, CEO of TAL Group. "It means companies like ours can look to one vendor for our enterprise software and product lifecycle management needs. It also means we will have the power of Lawson focused on the PLM product, given the strategic importance of the fashion industry to Lawson.""Leading solution providers who are focused upon the fashion industry continue to extend their solution footprints to deliver complete end-to-end business processes," said Peter Bambridge, research director, Gartner, Inc. "For example, combining Product Lifecycle Management capabilities with backbone ERP systems can improve agility and speed of response by enabling tight integration between planning and execution, improving visibility across the entire collaborative supply chain and enabling the smooth flow of information from design through to delivery." Terms of the deal were not disclosed and the transaction is not anticipated to have a material impact on the company's fiscal 2008 fourth quarter or fiscal 2009 results. Lawson's fiscal year ends May 31, 2008. About Lawson Software Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com. Forward-Looking Statements This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in Lawson's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; uncertainty regarding potential future deterioration in the market for auction rate securities which could result in additional permanent impairment charges, global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q and the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release. CONTACT: Lawson Software Joe Thornton, +1-651-767-6154 joe.thornton@us.lawson.com or Weber Shandwick Jenny Myers, +1-217-649-2965 jmyers@webershandwick.com
Lawson Software Acquires Freeborders(R) Product Lifecycle Management Software Division
| Source: Lawson Software, Inc.