ICCA Internet Commerce (MM)

Inovis Sells Managed EC Business to Internet Commerce Corporation (ICC) Inovis Divests Business to Focus on Technology Solutions ATLANTA, March 17 /PRNewswire/ -- Inovis, a leading provider of business-to-business solutions and services, announced today that Internet Commerce Corporation (NASDAQ:ICCA) has acquired Inovis' Managed EC(TM) (MEC) business. Under the terms of the agreement, Internet Commerce Corporation (ICC) assumes full control of the MEC operation effective immediately. Inovis acquired the MEC business through its merger with QRS Corporation in November 2004. MEC offers electronic data interchange (EDI) service bureau services to companies primarily in the general merchandise and apparel segment. "ICC is a long-time, trusted partner of Inovis, and we believe this is a win for Managed EC customers, who will benefit by becoming part of an organization where a service bureau approach is a key part of their current and future operations," said Sean Feeney, president and chief executive officer of Inovis. "This agreement also marks the final divestiture related to the QRS acquisition." On a combined basis, ICC will be one of the largest providers of EDI service bureau services for the retail industry in North America. "ICC is very excited about this acquisition, as it represents a strategic opportunity for ICC to significantly expand our already strong EDI service bureau business," said Thomas J. Stallings, chief executive officer of ICC. "We are committed to making this transition as smooth as possible for all MEC customers. We will be working closely with our partner Inovis to ensure a seamless transition." Concurrently, both companies announced a two-year extension to their existing interconnect services agreement. About Inovis Inovis is a leading provider of business-to-business solutions for global trading relationships. With more than 20 years of experience, Inovis enables collaborative business processes and solves the complete B2B integration challenge for more than 20,000 customers and their trading partners. The company's comprehensive line of B2B software and managed services help companies speed transaction flows, synchronize product information and improve supply chain processes. For more information, visit http://www.inovis.com/. NOTE: Inovis is a trademark of Inovis, Inc. DATASOURCE: Inovis, Inc. CONTACT: Katherine Calvert of Inovis, +1-510-965-4521, or Web site: http://www.inovis.com/

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