Business
Tecsys Continues Unparalleled Momentum with the Addition of 10 New Customers and 25 New Bookings in Three Months Across Healthcare, 3PL and Retail Industries
Tecsys Continues Unparalleled Momentum with the Addition of 10 New Customers and 25 New Bo...
About this update from Tecsys Inc.
[{"type":"text","content":"\n\n\n\nTecsys Continues Unparalleled Momentum with the Addition of 10 New Customers and 25 New Bookings in Three Months Across Healthcare, 3PL and Retail Industries\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Dec. 10, 2019\n\n\n\nConverging Supply Chain Markets and Accelerated SaaS Adoption Drive Record-Breaking Momentum\n MONTREAL, Dec. 10, 2019 /CNW/ -- Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced broadscale momentum across its strategic industry verticals, posting a 72% increase in total contract value bookings over the same period last year, adding 10 new accounts and 25 new bookings across three continents. The supply chain software provider noted significant adoption of its SaaS platform across general distribution, 3PL and healthcare markets, and a strong market demand for cloud omnichannel fulfillment solutions in the retail sector. \n\n \n \n\n \nContributing to this success are several new brands across Tecsys' key industry verticals. 3PL providers Howard Ternes Packaging and Western Nevada Supply, healthcare provider Rochester Regional Health, distribution organizations Rexel and Bickles Hardware & Supply, and retailer Politix are among the banners equipped for supply chain greatness through Tecsys' supply chain software platform.\nOf Tecsys' 25 secured bookings in its second fiscal quarter, new business comes out of North America, Europe and Australia. This expanding global footprint is bolstered by the company's SaaS offering, which reached a milestone this quarter by outperforming on-premise bookings value for the first time in Tecsys' history. \n\"This is an industry that is undergoing a massive change at a time when older systems are aging out of relevancy,\" said Peter Brereton, president and CEO of Tecsys. \"The new companies we're bringing on board is a reflection of really good businesses taking advantage of that perfect storm and equipping themselves for the complexity that will define the next era of their supply chain.\"\nTecsys' notable momentu...