Cascade Systems Inc. announced that it has signed a Letter of Agreement to merge with Pindar Systems. The two privately held companies, who expect the transaction to be completed by the end of January, plan to combine their engineering, marketing, and financial resources. E-merchandising represents an explosive market for the new millennium. Pindars’s catalog publishing products combined with Cascades’s e-merchandising technology will provide a powerful e-commerce solution covering web, print and e-mail. The National Retail Federation and International Data Corporation forecasts sales in e-merchandising to grow from $2 billion in 2000 to more than $8 billion in 2003. Although Internet commerce continues to grow at a rapid pace with anticipated revenues of $84 billion by 2004, print catalogs remain a big business. The Direct Marketing Association estimates print catalog sales will grow from $93 billion in 1999 to more than $125 billion by 2004. Both companies recognize the importance of continuity in shared product information databases as the key to effective print and electronic merchandising in the next century. www.cascadenet.com
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