TECSYS Positioned in the "Visionaries" Quadrant of the Magic Quadrant for Warehouse Management Systems; Evaluation Based on Completeness of Vision and Ability to Execute
MONTREAL, September 13, 2010—TECSYS Inc. (TSX: TCS), an industry-leading supply chain management software company, announced today that it has been positioned by Gartner, Inc. in the "Visionaries" quadrant of the 2010 Warehouse Management Systems1 Magic Quadrant Report. Gartner, the world's leading information technology research and advisory company, evaluated over a dozen WMS vendors in their Magic Quadrant research.
According to Gartner, "To be a visionary, vendors must have a coherent and compelling strategy that seeks to deliver a robust and vibrant product to the market. Visionaries fall into one of two categories: First, they can be the significant WMS offerings of large vendors that have yet to mature into a leading position in the market. Additionally, these vendors must anticipate user requirements across all functional areas of WMS, demonstrate a commitment to an adaptive technology strategy like SOA and model-driven architectures, and articulate a strategy for pursuing SCE convergence. Second, they can be specialist vendors with unique and potentially disruptive views of where the market is going.
In both cases, however, these offerings have yet to demonstrate an ability to handle a broad range of complex user requirements without modifications. At a minimum, solutions in the Visionaries quadrant have next-generation WMS application architectures that support adaptability and can approach zero-modification deployment."
"We consider our strong positioning in the "Visionary" quadrant by Gartner to be confirmation of our progress as we continue to pursue world leadership in Supply Chain Execution," commented Peter Brereton, President of TECSYS Inc. "Our Visual Logistics® offering brings real innovation to the supply chain execution market. With the launch of Visual Logistics, we deliver a truly revolutionary WMS product capability that will change the face of the Warehouse Management industry and further enhance our market position."
TECSYS' Warehouse Management Software is an industrial-strength solution that empowers logistics management to gain control over customers' service levels, throughput volumes, order turnaround times, as well as warehousing costs and profitability. TECSYS' WMS has already delivered order of magnitude hard results to customers in the healthcare, third-party logistics and general high-volume distribution industries. It is significantly differentiated by its unique capabilities for vertical markets, Visual Logistics, high scalability and extendibility to distribution, transportation management and business intelligence applications.
1 Gartner "Magic Quadrant for Warehouse Management Systems" by C. Dwight Klappich, July 29, 2010.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2010 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include over 600 mid-size and Fortune 1000 corporations in healthcare, heavy equipment, third-party logistics, and general wholesale high-volume distribution industries. TECSYS' shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
TECSYS' integrated suite of supply chain execution applications are warehouse-centric and its warehouse management software is complemented by distribution management software, transportation management software and business intelligence solutions that enable customers to seamlessly execute order-to-cash and purchase-to-pay processes without barriers.
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, 2013. These documents have been filed with the Canadian securities commissions and are available on this Web site and on SEDAR.
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