SCT (Nasdaq: SCTC – news) announced today that FIS – North America, Inc. licensed SCT’s iProcess.sct e-business solution suite. FIS is a leading manufacturer and marketer of flavorings for major food manufacturers, and is a wholly owned subsidiary of Nestle S.A. The agreement is an enterprise license for use throughout their North American facilities, recognized in SCT’s third fiscal quarter which ended June 30, 2000.
Over the years, FIS has seen an increase in their customers’ demands for specialized products reflecting diverse regional and global tastes. Culture and cuisine are constantly evolving, posing a challenge to keep up with emerging flavor trends throughout the world. In order to keep pace with an ever-evolving, global industry, FIS needed an integrated supply chain solution that would not only be flexible and quick to implement, but also able to handle their unique food industry requirements.
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“After considering the other leading supply chain solutions, SCT stood out for its process industry expertise,” said Dan Mercede, chief financial officer of FIS. “In order to formulate and deliver the optimum flavor levels utilizing the most cost-effective product mix, we need to rely on a supply chain execution and planning solution that works together to handle requirements such as recipe management, seasonality of raw materials, sequencing, and multiple packaging configurations, as well as e-commerce capabilities. The iProcess.sct solution will enable FIS to remain agile in the face of continuous change in both market and customer demand.”
“In order to increase and strengthen supply chain relationships in today’s environment, companies need to employ strong, underlying supply chain solutions that fit their industry and thus better enable them to leverage the benefits of the Internet,” said Roy Zatcoff, president of SCT’s process industry solutions business. “We are pleased to welcome FIS into our family of global food clients, and look forward to being an integral part of their e-business vision.”
About FIS
For over 40 years, FIS, a subsidiary of Nestle S.A., has been producing and marketing flavors for the food processing industry with sales in over 60 countries. As a result of their emphasis on quality and creativity, FIS has achieved a well-deserved reputation for excellence and is the partner of choice for major food processors around the world. FIS North America is headquartered in Solon, OH. For more information, visit the FIS Web site at www.fisflavors.com.
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By GlobalDataAbout SCT
SCT offers iProcess.sct, a unique combination of e-business supply chain management solutions, to serve the special requirements of process manufacturers and distributors in industries such as food and beverage, chemicals, pharmaceuticals, and consumer packaged goods. The advantage of the iProcess.sct solution comes from its fundamental process industry functionality and the tight integration of the following components: SCT Internet Business Suite (including iOrder.sct), Fygir Supply Chain Planning Suite and Adage ERP Supply Chain Execution Suite.
SCT enables clients to achieve breakthrough results by leveraging e-business solutions. SCT’s unique and powerful e-business solutions combine application software and services to deliver benefits rapidly. SCT operates globally, providing industry specific solutions for education; energy, utility and communications; process manufacturing and distribution; and courts and state & local government. SCT has over 3,300 employees and serves approximately 2,500 clients worldwide. The company is headquartered in Malvern, Pa. For more information, visit the SCT Web site at www.sctcorp.com.
The matters discussed in this press release that are forward-looking statements are based on current management expectations that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Potential risks and uncertainties include, without limitation, the extent to which FIS ultimately determines to implement iProcess.sct in its operations; the ability of SCT to implement iProcess.sct efficiently and cost effectively; the success of SCT’s e-solutions and SCT’s ability to deliver an industry-focused e-business solution; the impact on the Company of emerging areas such as the Internet, on-line services and electronic commerce; the timing of the receipt of software licenses; competitive and pricing pressures in the markets that the Company serves; the Company’s ability to develop and market innovative products and enhancements cost-effectively and on a timely basis; the Company’s ability to attract and retain highly-skilled technical, managerial, sales and marketing personnel; general economic conditions; and other risks and uncertainties more specifically set forth in the Company’s filings with the Securities and Exchange Commission.
