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INTECH AND MINDFLOW SIGN AGREEMENT TO DELIVER SOURCING AND SUPPLY CHAIN SOLUTIONS IN MEXICO AND LATIN AMERICA

MindFlow Technologies Inc., the pioneer in Strategic Sourcing applications, today announced a partnership with Mexico City-based Intech DVS to provide supply chain technologies and sourcing solutions throughout Mexico and Latin America. The new relationship leverages MindFlow's leading optimization technology and category modeling expertise combined with Intech's regional supply chain and consumer goods expertise to effectively deliver high value solutions for strategic sourcing and supply chain design. Consumer packaged goods companies and other firms with complex supply chains throughout the region will benefit from the combination of proven sourcing technology, regional experience and local support as they pursue improved cost structures, shorter time to market and increased margins.

Intech is focused on providing proven technologies and value add services to meet the growing demand of consumer packaged goods companies for innovative demand driven networks, outsourcing and shared service solutions. MindFlow's sourcing automation, category expertise, robust modeling, sourcing analysis and decision support align with Intech's dedication to operational results so that firms in Mexico and Latin America will now take full advantage of these powerful sourcing solutions.

"Companies are facing growing margin pressures and increasingly complex sourcing decisions that require more frequent supply network evaluation," said Lane Smith, CEO of Intech DVS. "Our ability to quickly and efficiently implement MindFlow's systems will deliver our customers the greatest capacity to understand and rationalize the implications of sourcing and transportation decisions."

Jay Reddy, founder and CEO of MindFlow commented that, "Intech is a leader in delivering effective supply chain strategies, technologies and processes. Their commitment to making Latin American businesses successful through supply chain excellence makes Intech DVS uniquely positioned to help companies use category sourcing models to design optimal inbound supply chains."

The partnership will arm customers with patented technologies, category domain knowledge and proven sourcing processes to reach and sustain competitive advantage. Intech and MindFlow will deliver sourcing decision models for critical and high spend categories such as direct and indirect items, freight, capital goods and services. Together, they offer product-enabled methodologies, implementation, integration, customization and infrastructure support to customers who operate global CPG, distribution, retail and process companies.