ATLANTA - Nov. 15, 2004– Inovis, a leading provider of business to business solutions and services, announced today that it has completed its acquisition of QRS Corporation (Nasdaq: QRSI) following the results of voting at QRS’ special meeting of stockholders on November 12, 2004. QRS shares ceased trading as of the close of market today, November 15, 2004.

"This acquisition strengthens Inovis’ leadership in the retail industry and makes Inovis one of the world’s largest providers of B2B integration technology," said Jim Schaper, Chairman and CEO of Inovis. "As a combined company, we have a strong and growing customer base, unparalleled domain expertise, and innovative, powerful solutions that clearly position Inovis for long-term success."

The combined company, which will continue under the Inovis name, serves more than 20,000 customers and offers software, managed services, a valued-added network (VAN), an electronic catalogue, professional services and secure Internet-based transactions. With a focus on trading community management and collaborative data synchronization, the combined company provides a portfolio of solutions that builds on deep industry expertise to deliver effective and reliable trading partner communication and collaboration.

"With the addition of QRS’ complementary solutions, Inovis is now uniquely positioned to support the complex and evolving needs of our customers and prospects," said Ilaria Derr, President and COO of Inovis. "We are committed to continuing to provide our high service levels and industry leading customer support for our combined customers through this transition. Inovis and QRS have a proven track record of delivering innovative, value-added solutions and services that benefit our customers, and we look forward to continuing that tradition as a combined company."

Under the terms of the merger, each outstanding share of QRS common stock has been converted, subject to any perfected appraisal rights, into the right to receive $7.00 in cash, without interest. Letters of transmittal for submission of stock certificates by brokers, dealers and other registered owners are expected to be distributed this week.

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 www.inovis.com.

"Inovis" is a trademark of Inovis, Inc.

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