30 July 2009| Source: Keith Ricketts, Lawson
ST. PAUL, Minn., July 22, 2009 – Lawson Software (Nasdaq: LWSN) today announced that Reynolds, one of the United Kingdom’s leading independent distributors of fresh produce and other short-life refrigerated foods, has licensed the Lawson M3 Enterprise Management System. Reynolds selected the Lawson ERP system to help support its operating and business cost improvement initiatives as well as the company’s growth plans. The contract was signed during Lawson’s fourth quarter of fiscal 2009, which ended May 31, 2009.
Reynolds is a family run business that has been supplying fresh produce to the U.K. market for more than sixty years. The company’s commitment to quality and service drives it to continually invest in development of its products, personnel and systems.
Reynolds’ rapid growth has put a strain on the current systems used to control and manage the company’s business. The company intends to use the new Lawson M3 ERP system to help enhance and improve operating processes and system capabilities. The system will also help pave the way for future improvements to the business and enhance the service Reynolds brings to its customers.
“We chose the Lawson solution because we felt we needed to invest in a new business system tailored to the specific needs of the food and beverage industry,” said Mike Holdsworth, financial director for Reynolds. “This will help provide tangible financial and operational benefits, while supporting continued development and growth for our organization.”
“Today’s distributors, particularly in the food industry, require much more in-depth and meaningful supply chain transparency,” said Nick Scully, general manager, Food and Beverage for Lawson. “A unified ERP solution can help these companies gain greater control and visibility of their business, which is all the more necessary in a fast moving 24/7 business like Reynolds.”
About Lawson Software
Lawson Software provides software and service solutions to 4,500 customers in equipment service management and rental, fashion, food & beverage, healthcare, manufacturing & distribution, public sector (United States), service industries, and strategic human capital management across 40 countries. Lawson Software is a global provider of enterprise software, services and support to customers primarily in three sectors: services, trade and manufacturing/distribution. Lawson’s solutions include Enterprise Performance Management, Human Capital Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com. For Lawson’s listing on the First North exchange in Sweden, Remium AB is acting as the Certified Adviser.
Forward-Looking Statements
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; general economic conditions; the impact of foreign currency exchange rate fluctuations; continuation of the global credit crisis; global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.
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Keith Ricketts
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