Supply chain technology company continues resilient growth
driven by strong SaaS adoption across omnichannel retail and
healthcare supply chain industries, delivering to customers
operational agility and system flexibility through volatile market
conditions.
MONTREAL, July 15, 2020 /PRNewswire/ -- Tecsys Inc.
(TSX: TCS), an industry-leading supply chain management software
company, jumps 37% year-over-year to post its first $100 million-plus fiscal year revenue performance
for 2020. The company heads into fiscal 2021 with an aggressive
growth strategy centered on expanded solution integration
partnerships, nimble cloud deployment and post-pandemic market
demand surge for omnichannel fulfillment and consolidated services.
As the Montreal-based software
provider nears its fourth decade in business, it is rapidly
becoming a recognized global supply chain solution provider for
increasingly complex and critical ecosystems that is
well-positioned to equip clients to compete for the consumer
doorstep.
Tecsys is a dominant supply chain software vendor for the
healthcare market, and a prominent vendor in complex supply chains
with emerging presence in retail logistics. As a result, Tecsys
finds itself at the nexus of two major surging post-COVID-19
markets; healthcare supply chain and digital commerce. The value
Tecsys delivers to its customers has quickly risen in priority for
organizations still running less sophisticated systems.
"If we learn nothing else from COVID-19, we should realize that
supply chain can make or break your business," says Peter Brereton, president and CEO at Tecsys.
"Adding to the complexity of converging and consolidating markets
is a massive acceleration in omnichannel consumer adoption, and
we're very quickly seeing less nimble operations crumble. Our
ability to manage that complexity and turn it into customer value
is why we are a leading provider in our market."
"Tecsys continues to build momentum beyond even our most
ambitious internal targets," continues Brereton. "Our transition to
SaaS, our presence in key verticals, and unique market conditions
have accelerated the adoption of agile supply chain and
distribution capabilities. We are exceptionally positioned to
provide the market with exactly what they need for this huge market
shift."
On delivering customer value, Laurie
McGrath, chief marketing officer at Tecsys, comments: "Our
team is laser-focused on delivering the tools our customers need to
be successful. Whether it's moving a health system to a
consolidated service center model, getting a retailer up and
running on omnichannel fulfillment, or helping a warehouse
operation reach new levels of efficiency and scalability, Tecsys
has built its reputation on customer success, and it's what is
driving our continued growth."
Tecsys solutions solve complex operational challenges with
software and services that simplify the end-to-end movement of
products throughout the supply chain from initial receipt to final
consumption. The remarkable growth experienced by the company over
the last two years shows no signs of slowing down. From healthcare,
retail, warehouse, transportation and point-of-use management to
business intelligence and analytics, forecasting and demand
planning, Tecsys solutions equip customers with data-driven risk
mitigation, inventory control and process efficiency.
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About Tecsys
Tecsys is a global provider of supply
chain solutions that equip the borderless enterprise for growth.
Organizations thrive when they have the software, technology and
expertise to drive operational greatness and deliver on their brand
promise. Spanning healthcare, retail, service parts, third-party
logistics, and general wholesale high-volume distribution
industries, Tecsys delivers dynamic and powerful solutions for
warehouse management, distribution and transportation management,
supply management at point of use, retail order management, as well
as complete financial management and analytics solutions.
Tecsys' shares are listed on the Toronto Stock Exchange under
the ticker symbol TCS. For more information on Tecsys, visit
www.tecsys.com.
Forward Looking Statements
The statements in this news
release relating to matters that are not historical fact are
forward looking statements that are based on management's beliefs
and assumptions. Such statements are not guarantees of future
performance and are subject to a number of uncertainties, including
but not limited to future economic conditions, the markets that
Tecsys Inc. serves, the actions of competitors, major new
technological trends, and other factors beyond the control of
Tecsys Inc., which could cause actual results to differ materially
from such statements. More information about the risks and
uncertainties associated with Tecsys Inc.'s business can be found
in the MD&A section of the Company's annual report and annual
information form for the fiscal year ended April 30th, 2020. These documents have been filed
with the Canadian securities commissions and are available on our
website (www.tecsys.com) and on SEDAR (www.sedar.com).
Copyright © Tecsys Inc. 2020. All names, trademarks, products,
and services mentioned are registered or unregistered trademarks of
their respective owners.
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SOURCE Tecsys Inc.