Business
Tecsys SaaS Bookings Grow 4x as Supply Chain Markets Embrace Cloud
Tecsys SaaS Bookings Grow 4x as Supply Chain Markets Embrace Cloud Canada NewsWire...
About this update from Tecsys Inc.
[{"type":"text","content":"\n\n\n\nTecsys SaaS Bookings Grow 4x as Supply Chain Markets Embrace Cloud\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, March 9, 2020\n\n\n\nUnparalleled customer migration from perpetual license to SaaS with key drivers being upgrade time, security and expansions\n MONTREAL, March 9, 2020 /CNW/ -- Tecsys Inc. (TSX: TCS), an industry-leading supply chain management software company, today announced record year-to-date cloud adoption as it continues its global expansion. The company's organic growth is bolstered by last year's strategic acquisitions and a lower-than-ever barrier to entry through SaaS supply chain technology. The surge in global customer growth spans retail, healthcare and general distribution verticals, demonstrating the tech firm's capacity to deliver end-to-end omnichannel capabilities to rapidly evolving market demands.\n\n \n \n \n \n \n \n\n \nIn the company's third quarter, Tecsys showed an accelerated demand for cloud, posting a 300% increase in SaaS bookings over the same period last year. In addition to the year-to-date increase in new customer total contract value SaaS bookings, legacy perpetual license customers are now migrating to this new, more agile platform.\n\"About a year ago, we crystallized our brand promise under the same trusted Tecsys name and steady executive ownership, and that work is bearing fruit,\" shares Peter Brereton, chief executive officer at Tecsys. \"While we are outperforming our projections, Tecsys' growth as a market leader in supply chain software is a reflection of the significant advancements we have made in our market offering. As we continue to invest in the future of our company, our customers, both new and old, can rely on Tecsys to never lose focus on delivering consistently outstanding solutions.\"\nTecsys' FY 2019 acquisition of two software firms in Toronto, Canada and Copenhagen, Denmark catalyzed the already-accelerating cloud adoption rate across its key supply chain execution verticals. Offering mature omnichannel solutions at a time when warehouses and distribution orga...