General Milling Corporation Selects Lawson Software
ST. PAUL, Minn., Feb 17, 2009 (BUSINESS WIRE) -- Lawson Software (Nasdaq: LWSN) today announced that General Milling Corporation (GMC) has signed a contract to implement the Lawson M3 Enterprise Management System to help support the company's business and distribution operations. The contract was signed during the third quarter of Lawson's 2009 fiscal year, which ends Feb. 28, 2009.
GMC is among the largest integrated food companies in the Philippines. It has manufacturing and warehousing sites throughout the country to support flour milling, feed milling, sale of yeast and bakery products, soybean meal and other commodities trading, and consumer goods production.
GMC believes that a more powerful and manufacturing-oriented enterprise resource planning (ERP) system is a vital tool to help the company succeed and compete in a competitive and challenging market. After a thorough evaluation of several ERP vendors, GMC selected the Lawson system.
"We needed a solution that provided a strong fit for our integrated manufacturing business," said George Young, president, GMC. "We chose Lawson based on its comprehensive business intelligence capabilities, expertise in the food industry and Lawson's rapid deployment model. No other vendor could offer all three capabilities."
The Lawson M3 Enterprise Management System provides a number of integrated business application suites that cover core and supporting business processes, including financial management, sales and distribution, procurement, manufacturing, business intelligence, enterprise asset management and mobility.
"Challenged with managing complex integrated manufacturing systems and evolving consumer demand, the food industry needs business software that delivers meaningful visibility and actionable information," said David Hope, managing director and vice president for Lawson Asia Pacific. "We are pleased to have been selected by GMC as it is a well-known food company in the Philippines. Their decision to go with Lawson is yet another clear validation of the value Lawson delivers to the food industry."
About Lawson Software
Lawson Software provides software and service solutions to 4,500 customers in healthcare, manufacturing, distribution, maintenance, public sector and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance 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.
Forward-Looking Statements
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 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.
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