GROWTH 2003 Year-End Summary  2003 Acquisitions  Manhattan Associates Annual Report 2003 7 A second strategic purchase came with the October 2003 acquisition of Streamsoft LLC. The slotting optimization technology offered by this company serves to enhance Manhattan Associates’ existing Slotting Optimization application, which is part of our Warehouse Management Systems application suite. Joining forces with Streamsoft has allowed Manhattan Associates to broaden the base of our slotting application users. It has also provided additional expertise regarding how to strategically place goods in a warehouse in order to achieve supply chain optimization. As a leader in the supply chain execution industry, it is important to anticipate and respond to market needs. In 2003, we looked to the capabilities of two leading companies to strengthen our solution offerings and enhance the value we provide to our customers. Midway through the year, Manhattan Associates acquired ReturnCentral, Inc., a leading provider of reverse supply chain software and solutions. ReturnCentral’s reverse logistics capabilities added to the functionality in our existing solutions by allowing customers to automate every aspect of the return and disposition process. As part of our Trading Partner Management application suite, this Web-based, end-to-end returns management solution ensures that critical product and shipping information is tracked, stored, referenced and reported. With this information, customers are able to maximize net asset recovery. Our financial success was made possible because of the more than 200 client implementations that took place in 2003. Up 41% from 2002, these spanned our eight target verticals—retail, consumer goods, food, life sciences, high tech/electronics, industrial/wholesale, government and third party logistics. The completion of these deployments brought our current total to more than 900 customers across 1,685 sites. Additionally, 94% of this install base is on Customer Support and Software Enhancements, which generates recurring revenue. With a solid customer base and a clear vision of the future, Manhattan Associates is well poised to continue on this path of success into 2004. Manhattan Associates continued our financial success in 2003, boosting total revenue to  $196.8 million—a 12% increase over the $175.7 million generated in 2002. Additionally, as our international presence continued to expand, our international revenue followed suit. Total international revenue jumped to $38.7 million—a 16% increase. We anticipate this trend will continue as we enhance  our global capabilities.