IRELAND: Kerry Group Selects Formation Systems' Optiva
Kerry Group plc, a leading international manufacturer of food and food ingredient products has licensed Formation Systems' Optiva product development software.
Optiva is an enterprise-wide product development solution that will accelerate time to market for new products, line extensions and packaging changes, while leveraging an organization's intellectual capital.
"We selected Optiva for its ability to help us integrate products from new acquisitions quickly and efficiently, with minimum risk, into a common database. This will allow us to standardize the R&D business process as well to improve efficiencies and ensure global consistency. We'll be able to leverage our existing product portfolio to quickly respond to customer requests," said Pat Casey, of Kerry. "Optiva will also give us the tools to establish and utilize metrics to drive continued business improvement. Optiva is key to link our product development globally."
Kerry, headquartered in Ireland, is recognized as one of the largest and most technologically advanced manufacturers of specialty ingredients in the world.
"Kerry has grown incredibly in recent years through acquisitions and product development," said Peter Shields, President and CEO of Formation Systems.
"At present, Kerry is using a variety of internally developed software tools, but it recognized that Optiva will provide a comprehensive solution that will optimize its product development lifecycle, provide global management reporting of R&D information, accelerate the development of new products and line extensions and integrate its new business acquisitions," said Shields.
With its central database repository, productivity tools, and workflow functionality, Optiva greatly improves the productivity of product development teams throughout the enterprise, by integrating all of the important product development tasks from product definition to manufacturing start up.
Optiva is packaged as a suite of modules and is used by product development, marketing and management to review market requirements, define product characteristics, formulate products, capture or view product content information and track project status. When combined, Optiva's modules form an integrated solution, based upon a unified software architecture that provides a consistent user interface and common data management structure.
Kerry Group is a leader in global food ingredients markets and a leading consumer foods processing and marketing organization in selected EU markets. Headquartered in Tralee, Ireland, the Group employs 13,000 people throughout its manufacturing, sales and technical centers in sixteen countries across Europe, the Americas and Asia Pacific. Launched as a public company in 1986, Kerry Group plc is listed on the Dublin and London Stock Markets and has a current market capitalization of (EURO) 2.1 billion.
About Formation Systems
Formation Systems develops and markets Optiva, a suite of software that helps large, global-based manufacturers accelerate their product development process. Formation's solutions offer customers high return, low risk and quick time to benefit. Formation's value proposition is to help customers serve their customers better by bringing more products to market faster, at lower cost and with higher quality.
Optiva is used by formula-based manufacturers in a variety of industries, including paint and coatings, cosmetics and personal care, consumer packaged goods, food and beverage and specialty chemicals. Formation's software has been recognized by Industry Week as one of the top 25 Technologies in its annual recap, and has received the Achievement Award from Food Processing magazine.
The company, founded in 1995, is privately held and headquartered in Southborough, MA. For more information on Formation, visit the corporate web site at www.formationsystems.com.
Optiva and Formation are trademarks of Formation Systems Inc., Southborough, Massachusetts, USA.
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