Ross Systems Gets $1.2 Million Commitment From Japanese Partner
ATLANTA, July 17 /PRNewswire/ -- Ross Systems (Nasdaq: ROSS), a leading supplier of enterprise software and e-business consultation, announced an agreement with Japanese software distributor System Plaza Inc. that is expected to yield $1.2 million in revenue during the next year for Ross Systems. System Plaza enjoyed a robust quarter with three new customers, strong demand for consulting services and new functionality in Ross' products for the Japanese market.
"Our pipeline is strong and growing in the Japanese market, our consulting utilization rates are high, and we expect to exceed our objectives in the coming year," said Hiroshi Madono, president of System Plaza. "Our customers and prospects are also very excited about the new Resynt e-business offerings from Ross Systems."
"Our products have great reach and appeal, even on the other side of the world," said J. Patrick (Pat) Tinley, CEO and president of Ross Systems. "We have commitments from System Plaza to sell more than $1.2 million, a major commitment to the e-business and ERP products we develop."
Systems Plaza signed contracts with Maruzen Petrochemical, Nihon Microcoating and Yokogawa Financial Services this past quarter. The addition of these three new clients solidifies Ross Systems' position as a leader in the mid-market process-manufacturing industry in Japan.
Ross Systems' new software release, iRenaissance version 5.5, includes new functionality that addresses local Japanese and other global market needs. iRenaissance 5.5 enhances functionality in these areas: inventory control, sales management, manufacturing, quality, accounts receivable and logistics.
"This version of iRenaissance is now fully compliant in the Japanese marketplace," said Eric Musser, vice president of worldwide development of Ross Systems. "It's one thing to translate a product to Japanese, but it's quite another to enhance your ERP offering to meet the local accounting and compliance standards of a particular market. With this new release, all of our global customers will be able to seamlessly upgrade to future versions of our products."
About System Plaza Inc.
Japan-based System Plaza, a wholly owned subsidiary of Yokogawa Electric Co., is a multi-billion dollar industrial control and automation systems company.
About Ross Systems
Ross Systems, Inc. provides a family of solutions including our award- winning iRenaissance, Internet-enabled, enterprise management applications and our Resynt e-business solutions for the process manufacturing, healthcare and public sector markets. The Resynt eBusiness product family includes digital marketplace applications spanning procurement, sales, Internet trading exchange connectivity, collaboration and employee productivity. iRenaissance comprises a broad range of applications including financials, manufacturing, advanced planning, supply-chain management, maintenance management, transportation management, materials management and human resources/payroll. More than 3,400 companies around the world use Ross Systems solutions in open systems environments including NT and UNIX. Ross Systems has more than 60 offices around the world to serve its customers. Ross Systems Inc., Two Concourse Parkway, Suite 800, Atlanta, Georgia, 30328, 770-351-9600, 1-877-ROSS-INC www.rossinc.com.
THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF CERTAIN RISKS INCLUDING THAT THE BUSINESS OR PROSPECTS EXPECTED BY THE COMPANY AS A RESULT OF THIS ANNOUNCEMENT MAY NOT OCCUR.
Resynt and "The business of e-Commerce" are trademarks of Ross systems, Inc. Renaissance and GEMBASE are registered trademarks of Ross Systems, Inc. Throughout this release, software and hardware products are mentioned by name. In most, if not all, cases, these product names are claimed as trademarks by the companies that manufacture the products. It is not our intention to claim these names or trademarks as our own.
SOURCE Ross Systems, Inc.
CO: Ross Systems, Inc.; System Plaza Inc.
ST: Georgia, Japan
IN: CPR MLM
SU: CON
07/17/2000 10:53 EDT prnewswire.com |
