Business
Sylogist Announces New Contract and Product Direction
Sylogist Announces New Contract and Product Direction.
About this update from Sylogist Ltd.
[{"type":"text","content":"\n\n\n\n/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE\n\n\nSERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, May 14 /CNW/ - Sylogist Ltd. ("SYZ" - TSX Venture Exchange)\n\n\nSylogist has been selected by a major utility company to supply software\nlicensing, maintenance and professional services for the deployment of a\nmobile inventory management solution that is fully integrated with their ERP \nsystem. The project valued at more than $425,000 uses Sylogist's Sylobridge\nand Syloway mobile connectivity software.\n\n\nOver 75 Fortune 1000 corporations and government agencies use Sylogist's\napplication connection and mobile infrastructure technologies for mission\ncritical activities. Sylobridge and Syloway connect transactional information\ncollected by a mobile workforce and seamlessly integrate the data with\nenterprise systems. Organization benefits derived from Sylogist software\ninclude improved information accuracy and timeliness and reduced operating\ncosts that combine to generate a compelling return on investment.\n\n\nWith the expiration of our SAP reseller agreement under its discontinued\nprogram, Sylogist is not participating in the new reseller program at this\ntime. Over the past year Sylogist's SAP license sales and maintenance has\ndecreased to less than 12% of revenue without meaningful contribution, while\nour professional services and certified applications have increased in\nprofitability. As a result we are committed to the growth of our professional\nservices offerings and our own certified software solutions while monitoring\nreseller programs where synergies can produce growth and profit opportunities.\nSylogist continues to invest in its intellectual property for the SAP market\nspace.\n\n\nAbout Sylogist\n\n\n--------------\n\n\nSylogist delivers information management and technology solutions to\nlocal government, education and private sector clients. The Company provides\nimplementation services for enterprise software under a traditional software\nand support model as well as software as a service model. Sylogist enhances\nits ERP support through its proprietary connectivity products, which link\nmajor ERP systems with other packaged and custom vertical market solutions.\nSylogist's software solutions, along with related services are delivered\nthr...