MONTREAL, Dec. 7, 2020 /PRNewswire/ -- Tecsys Inc. (TSX:
TCS), an industry-leading supply chain management and omnichannel
commerce software company, reports sustained performance and demand
for its suite of supply chain solutions serving the healthcare,
retail and third-party logistics industries. Heading into the
holiday season, a notoriously busy time for supply chain
organizations, Tecsys posts a seventh consecutive quarter of record
revenue, buttressed by a 142% increase in SaaS revenue.
Contributing to this SaaS momentum are major platform extensions
and cloud migrations. The company continues to expand headcount
quarter over quarter to support new business.
Among the notable bookings this quarter, Tecsys closed new
business with two international automakers, one of Canada's largest healthcare 3PLs, as well as
continued booking penetration across multiple customers and
industries by equipping them with the agility to adapt to a dynamic
market.
"The demand for Tecsys software has proven resilient because our
software makes supply chains resilient," says Peter Brereton, president and CEO of Tecsys. "A
multitude of point solutions have seen their ups and downs, but our
end-to-end approach has shown vigor throughout, and continues to
attract new business. Our solutions are about flexibility, which is
especially important these days. New lockdown? Home delivery and
curbside pickup. Retail slowdown? Micro-fulfillment and dark
stores. PPE shortage? Disaster relief emergency warehouse solutions
with low-training onboarding. Our customers have needed to twist
and turn to keep up with the changing supply chain landscape, and
we've been there to offer them support and resiliency."
Brereton continues, "The exciting thing that's happening at
Tecsys is companies are realizing end-to-end supply chain agility
trumps all. From retail to 3PL to healthcare, it's not about
predicting the future, it's about being nimble enough to react to
challenges and disruptions as they emerge without missing a beat.
This has been our ethos for a long time, but now we're firing on
all cylinders as we flex that 'agility' muscle."
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.
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SOURCE Tecsys Inc.