SOUTH WINDSOR, Conn., Dec. 1 /PRNewswire-FirstCall/ -- Gerber Scientific, Inc. today announced the acquisition of Yunique Solutions Inc., a privately-held developer of product lifecycle management (PLM) software solutions for the fashion industry. This strategic transaction combines Gerber's position as a world-leading CAD/CAM and PLM solutions and support provider with Yunique's innovative and advanced PLM software platform. Gerber expects the acquisition to be accretive to earnings beginning with the Company's fiscal fourth quarter 2010. Terms were not disclosed.
"Yunique will become a part of Gerber Technology, a leader in the $200 million global apparel/retail PLM software market, and will give Gerber Technology an advanced PLM software offering," said Marc Giles, Gerber Scientific President and Chief Executive Officer.
"Product development and product lifecycle management are core to our customers' success," Giles added. "Through our webPDM software, which we will continue to support, we have established a leading role in this active market. Integrating Yunique's advanced technologies and expertise will expand our capability for building substantial value for customers and shareholders."
"This is a powerful combination," said Daniel Pak and Darioush Nikpour, Yunique's co-founders and principal owners. "Our customers will now be supported by a global team of PLM solutions consultants that is unmatched in the industry. Innovation will accelerate. Gerber's global footprint and resources will enhance sales penetration and service delivery. This is the right transaction for our customers, partners and employees. We are excited about joining the Gerber team and eager to contribute to its further growth and development."
About Yunique Solutions
Yunique Solutions Inc. is a New York-based developer of web browser-based product lifecycle management (PLM) and supplier relationship management (SRM) solutions that enable today's fast-paced apparel, textiles, and accessories retailers, brands, and manufacturers to speed more trend-setting merchandise to market by improving collaboration across their entire supply chains.
Yunique's flagship plmOn(TM) and srmOn(TM) products comprise a comprehensive suite of industry-specific technologies and services including line management, digital asset (image) management, materials management, specifications management, quotation and bid management, sample and production planning, and process tracking and management. Based on Microsoft's innovative .NET computing platform, Yunique's software solutions leverage the internet to provide organizations with the ease of use and global connectivity needed to execute, analyze, and optimize their businesses.
Yunique Solutions has been ranked by its customers as the leading tier-one PLM solution provider to the fashion industry for the past two years running in an independent survey conducted by Apparel magazine.
About Gerber Scientific
Gerber Scientific, Inc. (http://www.gerberscientific.com/) is a leading international supplier of sophisticated automated manufacturing systems and software for sign making, specialty graphics and packaging, apparel and flexible materials, and ophthalmic lens processing industries. Headquartered in South Windsor, Connecticut, the Company operates through four businesses: Gerber Scientific Products and Spandex Ltd.; Gerber Technology; and Gerber Coburn.
Forward-looking Statements:
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements contained in this news release involve risks and uncertainties regarding the Company's expected financial condition, results of operations and cash flows. For information identifying other important economic, political, regulatory, legal, technological, competitive and other uncertainties, readers are referred to the Company's filings with the Securities and Exchange Commission, including but not limited to, the information included in Gerber Scientific's Annual Report on Form 10-K for the fiscal year ended April 30, 2009, which outlines certain important risks regarding the Company's forward-looking statements, as well as information included in subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Actual future results or events may differ materially from these forward-looking statements. The forward-looking statements contained in this release are made as of the date of this release, and the Company expressly disclaims any obligation to update any of these forward-looking statements, except as required by law.
Gerber Scientific, Inc.
CONTACT: Michael Elia, Exec. VP & CFO, +1-860-644-1551
Web Site: http://www.gerberscientific.com/
