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WAM SYSTEMS CONTINUES STRONG GROWTH INTO 2008
FOR IMMEDIATE RELEASE Contact Information: Jeff Burns WAM Systems jburns@wamsystems.com Record Revenues and 64% Sales Growth Cap another Year of Expansion for Leading Supply Chain Planning Solution Provider PLYMOUTH MEETING, PA — February 7, 2008 — WAM Systems, a leading provider of supply chain planning solutions to the process industry, today announced the results of its fiscal year ended December 31, 2007. WAM Systems has again achieved record revenues and growth as its supply chain planning consulting and technology solutions continue to attract the world’s leading process industry firms. With a global alliance network supporting its focus on solutions for process industries such as pharmaceuticals, chemicals, refining, food & beverage, and consumer packaged goods, the company ended 2007 achieving 64% sales growth versus prior year performance. “Over the past 12 months, we have continued to focus on our core objectives of helping our clients maximize supply chain performance, expanding our global alliances network, building a strong presence in our target verticals, and overseeing the growth of our Picaso product to maintain our leading place among planning solutions,” said Jack Weiss, CEO of WAM Systems. As it celebrated its 20-year anniversary in 2007, WAM expanded its global alliances network by adding new sales and support teams in Europe, Asia, and Africa. It also continued in the role of sponsor and host to some of the leading industry events throughout the world, serving in chairing and panelist roles through which it shares best practices and trends gathered via its ongoing industry benchmarking analysis. “We’ve continued our outreach to the process industry through our benchmarking program efforts. To date, over 200 companies have participated in the surveys,” said John Kamal, Chief Operating Officer. “We’ve spoken with the supply chain planning teams of companies throughout the world and across the entire process industry. We’ve been able to measure their performance against the industry as a whole, share best practices with them, and suggest steps for process improvements.” This year saw the expansion of key customer installations throughout the U.S., Asia and Europe as well as strategic sales in both chemicals and pharmaceuticals, two of the company’s six areas of focus. About WAM Systems WAM Systems, Inc. delivers advanced supply chain planning solutions designed for the process industry. WAM's Picaso™ solution is used throughout the global process industry, providing a broad set of visualization, decision support, and optimization tools that address the unique challenges found in managing complex supply chains. Picaso solutions address a wide range of business processes including collaborative demand management, inventory and distribution optimization, production planning and scheduling, and procurement planning. The company and its worldwide partners also provide a full range of consulting, support, training and implementation services. Headquartered outside of Philadelphia, WAM's customers include Banner Pharmacaps, Basell, Celanese, Chevron Phillips, DuPont, Degussa, Eastman, Equistar, Ergon Refining, Honam, Indian Oil, Lanxess, Lyondell, Petrobras and Solvay. For more information on WAM Systems, visit www.wamsystems.com. |