Lawson Software Wins Industry Award for its Manufacturing-Specific Enterprise Software Solution
SINGAPORE, March 19, 2008 – Lawson Software (Nasdaq: LWSN) today announced it received a key award during the Fourth Annual Conference of IT Applications in China, which was held in Beijing in January. This year’s conference was jointly sponsored by the China Software Industry Association and erpworld.net.
Lawson Software, Inc., a U.S.-based global provider of enterprise software solutions, was among the companies participating in the event. The Lawson M3 Enterprise Management System, an enterprise software solution for companies in manufacturing and distribution, received the 2007 Best ERP Solution for the Furniture Industry in China award.
Designed specifically around the needs of manufacturing firms, the Lawson M3 solution is used by companies in process and discrete manufacturing, including general manufacturing as well as fashion and food and beverage production. It helps companies address their core business challenges, including production, planning, supply chain, logistics and financial management. The company also offers Lawson Business Intelligence, which offers language support in simplified Chinese.
In 2007, Lawson secured contracts with several renowned China-based companies, including Shengxing Furniture and Huari Furniture, which selected the Lawson M3 solution. By combining the company’s industry-specific product offering with the ability to meet specific needs of companies in China, the Lawson solution provides technology solutions that can help optimize business processes, which can ultimately help companies reduce costs, improve quality and increase revenue.
“This award provides validation for Lawson and the customers we serve,” said David Hope, vice president and regional managing director, Asia & Japan, Lawson. “It has been a great honor for us to make use of our expertise to help Chinese manufacturers realize some important business process improvements they can realize through better use of information technology. Lawson designs products that can be simpler to own, implement and use, which helps our customers see greater value and a lower total cost of ownership over the lifetime of the solution.”
About Lawson Software
Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance 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 Lawson's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; uncertainty regarding potential future deterioration in the market for auction rate securities which could result in additional permanent impairment charges, 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 the 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.
CONTACT: Lawson Software
Jeanne Lim
Asia Media
+65-6-349-3560
jeanne.lim@sg.lawson.com
Joe Thornton
U.S. Media
+1-651-767-6154
joe.thornton@us.lawson.com
SOURCE: Lawson Software
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