ST. PAUL, Minn., Feb 08, 2010 — Lawson Software (Nasdaq: LWSN) today announced that Encompass Solutions, Inc., a Lawson channel partner in North America, has signed an ERP software contract with The Matrixx Group. Under the agreement, The Matrixx Group selected the Lawson M3 Enterprise Management System to help support its business, operational and cost improvement initiatives. The contract was signed during Lawson’s second quarter of fiscal 2010, which ended Nov. 30, 2009.
The Matrixx Group, based in Evansville, Indiana, is a division of Citadel Plastics. The company develops high-quality thermoplastic resins that are used in the manufacturing of power tools, lawn and garden supplies, appliances, automotive components, electronics and construction materials. Matrixx’s manufacturing process involves compounding resin with performance-enhancing additives matched specifically to product needs. Today the company operates through five manufacturing sites, with a product portfolio featuring compounded grades of nylon, ABS, polycarbonate, PBT, PET, polypropylene, and polyethylene.
“We chose the Lawson solution because we felt we needed to invest in a new business system that could help us realize tangible financial and operational benefits, while supporting our growth plans,” said Matthew D. McDonald, chief financial officer for Citadel Plastics Holding, Inc. “During our software vendor evaluation we have been impressed by the professionalism and expertise of the Encompass team as well as the Lawson product offering. They have shown us deep knowledge of our business and positioned the Lawson solution in a manner that separated it from the competition.”
The contract was signed through Lawson channel partner Encompass Solutions, Inc. Founded in 2001, Encompass Solutions is a professional services organization with experienced, senior consultants with expertise in enterprise software and related business application systems. Encompass delivers project planning and management through the entire implementation, with a special focus on process improvement. Encompass Solutions has been Lawson channel partner since February 2009.
“We are very pleased to have Encompass Solutions as a strong channel partner for this project,” said Jeff Farris, North America channel manager for Lawson. “The whole sales and solution team has been instrumental in meeting the needs of The Matrixx Group – by demonstrating the value and business benefits that Lawson enterprise applications can deliver.”
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.
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.