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Sysadmin FullTilt Solutions Reports Record Sales Results
First Quarter Revenue Bookings Increase 200% Over FY 2004 With Major Customer Wins Across Multiple Industry Segments
By: PR Newswire
Apr. 18, 2005 06:03 PM
WAYNE, Pa., April 18 /PRNewswire/ -- FullTilt Solutions, Inc., a provider of Enterprise Product Information Management (PIM) software solutions that make perfect product information possible, today announced record sales growth for the quarter ending March 31, 2005. Revenue bookings increased 200% over the comparable quarter in fiscal year 2004, with major new contract wins in the consumer packaged goods, distribution, MRO and electronics markets. The growth was fueled by demand for FullTilt's Perfect Product Suite(TM), the company's flagship enterprise PIM solution. Perfect Product Suite optimizes order-to-cash product information-related business processes across internal operations and external trading partners to enable perfect business- to-business commerce for the consumer packaged goods, retail, MRO, healthcare and life sciences industries. "We are winning these contracts because we offer the lowest total cost of ownership, the most forward-looking open SOA framework for interoperability, and proven scalability," said Tim Wallace, CEO, FullTilt Solutions. "Our customers not only recognize these advantages but in some cases are turning to us to replace systems that cannot scale to support large volumes of products or otherwise fail to perform as promised. We are well positioned to become the solution of choice for companies looking to address their long-term product information management needs with the least TCO and without the dependence on vendor-provided professional services in order to quickly meet the challenges presented by their ever-changing business." "The internal synchronization of product information is a cornerstone to achieving supply network excellence. It is becoming more vital for companies to continuously unify data from multiple sources throughout their company in order to better collaborate internally and externally with trading partners and to respond to the demands of Global Data Synchronization and RFID. The growth of the PIM market is a clear sign that companies are finally investing to solve this long-term issue," said Andrew White, Research Analyst, Gartner, Inc. "We have leveraged over 18 years of relational database and master data management software development experience, and we have invested the last six years in building an open, scalable and flexible PIM solution to meet the unique needs of manufacturers, distributors, retailers, exchanges and others in multiple industries. Every major industry analyst has reviewed our product in detail and has ranked it at the top in its class," said Bob Moyer, President, FullTilt Solutions. "This is now paying off with increasing market traction." FullTilt's Perfect Product Suite Perfect Product Suite, recently ranked as the market's top PIM solution by Forrester Research, automates the internal and external data synchronization processes necessary to eliminate conflicting item definitions, outdated item information, duplicates and other errors contained in multiple enterprise databases and applications. The solution has been deployed in multiple industries since 2001 to streamline data and catalog maintenance, improve order and invoice accuracy, and promote the smooth flow of electronic commerce. The software aggregates product information from ERP, CRM, PLM and other systems, adjusts disparate definitions to conform to a uniform standard, dynamically updates and synchronizes information as it changes, and provides automated workflow. It maintains all product information and links in a central repository to ensure a single source of "product truth," and outputs data in any format required to synchronize with internal enterprise systems or external trading partners. Perfect Product Suite supports both manufacturer and retail data synchronization with UCCnet, ECCnet, Transora, WWRE, GHX, IDEA and others and in unlimited user-defined custom formats. It lays the foundation for companies to comply with data standardization requirements mandated by major retailers and to successfully implement collaborative planning forecasting and replenishment, GTIN compliance, data synchronization, scan-based trading and vendor-managed inventory. For RFID implementations, it also functions as the critical back-end reference database required to maintain detailed specifications about the product that an EPC RFID code represents, including color, dimensions and other attributes needed to translate RFID product movement data into actionable supply chain information. Forrester Research estimates that two hundred attributes are required to accurately describe lettuce and potentially thousands of different attributes for consumer electronic products. About FullTilt Solutions FullTilt Solutions ( http://www.fulltilt.com/ ) is a leading provider of enterprise Product Information Management (PIM) software solutions for the consumer packaged goods, retail, MRO, healthcare and life sciences industries. Perfect Product Suite, the company's flagship product, optimizes product information-related business processes across internal operations and external trading partners to enable perfect business-to-business commerce. FullTilt is a certified solutions provider for UCCnet and Transora, and has implemented PIM solutions at organizations including McCain Foods, Premier, Inc., McKesson, Thomas & Betts, BDI, Brady Corporation, Hagemeyer and ECRI. FullTilt and Perfect Product Suite are trademarks of FullTilt Solutions, Inc. All other trademarks referenced are the property of their respective owners. CONTACT: Scott Deutsch of FullTilt Solutions, Inc., 610-727-5203, sdeutsch@fulltilt.com FullTilt Solutions, Inc.
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