SynQuest Inc., a provider of supply chain planning and event management applications that power the adaptive supply chain, announces that its Board of Directors has approved a change in the company name to Viewlocity Inc. As previously announced on November 18, 2002, Viewlocity merged with and into SynQuest in a reverse merger. The company's stock will begin trading on the OTC Bulletin Board under the new symbol "VLCY" effective January 7, 2003.
"We view this new name as symbolizing a new beginning for our company," commented Jeff Simpson, chief executive officer of Viewlocity Inc. "The Viewlocity name better reflects the impact of our merger and represents a strong market identity. Viewlocity is already recognized as a leading provider of powerful supply chain solutions that enable businesses to reduce manufacturing and logistics costs, increase service levels, and realize more efficient capacity utilization across the supply chain. We believe there is a growing demand for these emerging technologies in today's market, and the Viewlocity brand name represents a strong value proposition to our customers and prospects."
For more information, visit www.viewlocity.com.