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Technology Stocks : ROSS SYSTEMS a turnaround?

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To: WTSherman who wrote (2774)5/25/1999 3:45:00 PM
From: bob zagorin  Read Replies (1) of 3067
 
Ross Systems Expands Distribution and Support System In Germany, Austria and Switzerland

ATLANTA, May 25 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading supplier of enterprise systems and the leading supplier of ERP systems to the midtier process manufacturing market, announced today that it is expanding its presence in Germany, Austria and Switzerland. To carry out this expansion, Ross Systems has signed an agreement with Group Cimex to distribute and support Ross Systems software in these markets. In support of this agreement, Group Cimex has created a new division, Cimex Deutschland. Through its partnership with Cimex Deutschland, Ross Systems expects significant increases in total revenues from these markets over the next year.

"We see a great opportunity for Ross Systems in the local, mid-tier manufacturing businesses in Western Europe, and especially in Germany," said Oscar Pierre, Ross Systems Vice President of Operations, Europe and Latin America. "The agreement we have signed with Cimex will be a key component to reaching our expansion goals in this market. It will also complement our existing service and support operation in Germany."

Through Ross Systems Germany, a permanent branch based in Berlin, Ross supports multinational accounts and global projects. The agreement with Group Cimex will allow Ross to expand its coverage of the local market by increasing the number of offices and trained personnel in Western Europe. Together with Cimex Deutschland's team, Ross Systems operation in Germany will exceed 25 professionals experienced in sales, installation and support of Ross Systems' Renaissance enterprise software.

"Increasing our presence in Germany, one of the key markets in Europe, is very important for us," said Dennis Vohs, Ross Systems' Chairman and CEO. "We have been successful in accounts like Dragoco, the German multinational fragrances and perfume maker, which has more than 15 Renaissance CS sites all over the world. However, much of our effort has been in supporting German branches of multinational companies such as Alcoa, Arjo Wiggins, ABC Food Ingredients and Fresh Start Bakeries. The Cimex agreement will enable us to concentrate on businesses that are based in Western Europe."

Peter Jansen, who will head Cimex's operation in Germany, said, "The Alliance with Ross Systems is strategic for our growth in Europe. Our partnership with Ross Systems has helped us achieve a remarkable success in other European countries, such as The Netherlands and France, and we expect similar results from this new expansion. Ross' specialization and our experience will be the key factors for our success in Germany."

Cimex Deutschland is based in Dusseldorf, Germany. Additional offices in Germany, Austria and Switzerland are planned in the near future.

About Cimex

Cimex is an authorized partner of Ross Systems, offering project management, consultancy, custom programming, education and application management services. Due to their success as a Ross partner, Cimex has expanded into Belgium, France and now Germany, where they will sell and support Ross' Renaissance enterprise software. Continued growth is planned for Austria and Switzerland. Group Cimex is a wholly owned division of Systeemhuis Cimex BV, based in Utrecht, The Netherlands. The company employs over 100 professionals.

About Ross Systems

Ross Systems, Inc. is a leading provider of enterprise software solutions for the process manufacturing, healthcare, and public sector markets. Ross Systems solutions are differentiated by their strong fit to specific industries, their strong product functionality and integration, and the firm's ability to produce rapid results and ROI for its mid-market clients. The flagship product, Renaissance CS, comprises a broad range of applications including financials, manufacturing, supply chain management, maintenance management, transportation management, materials management, and human resources/payroll. More than 3200 companies around the world use Renaissance CS in open systems environments including NT and UNIX. Ross Systems employs over 650 professionals in 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. Investors looking for Ross Systems press releases, SEC filings, current price quotes and other information may visit www.hawkassociates.com, or contact Frank N. Hawkins, Jr. or Julie Marshall at Hawk Associates, Inc, 305-852-2383.

Renaissance CS is a registered trademark of Ross Systems, Inc. All other trademarks are the property of their respective holders.

SOURCE Ross Systems, Inc.

CO: Ross Systems, Inc.; Group Cimex

ST: Georgia, Germany, Austria, Switzerland

IN: CPR MLM FOD

SU: PDT

05/25/99 15:10 EDT prnewswire.com
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