UNIT4 Expands Operations in Asia Pacific

Aug 31, 2010, 08:00 ET from UNIT4 Business Software

Customers Choosing Change-Centric Software over Competitive Systems

SLIEDRECHT, The Netherlands, Aug. 31 /PRNewswire/ - UNIT4, the world's leading provider of change-embracing enterprise resource planning (ERP) and financial management software, today announced growth and expansion in Asia Pacific, reporting a 36% increase in license and service revenue in H1 2010 compared with the previous year.

UNIT4 Asia, which formerly sold only CODA financial management solutions, recently launched Agresso ERP into the region and has signed its first Agresso Business World customer, shipping specialist Pacific Carriers Limited. Shipping & logistics and financial services have been strong sectors for UNIT4 in Asia, characterized by companies that are subject to relentless organizational and regulatory change. Other new customers include JB Ugland Shipping Singapore Pte Ltd, Freightmark Malaysia Sdn Bhd, Toyota Capital Malaysia Sdn Bhd, Goodwood Park Hotel, York Hotel and Labuan Reinsurance (L) LTD.

"Asia is an important market for UNIT4 and we have ambitious expansion plans for the region," said Weng Foo Chua, general manager, UNIT4 Asia. "Singapore and Malaysia are our key markets, and Singapore in particular is seeing a period of record growth. Companies expect more from their IT investments and no longer default to Oracle and SAP to meet their ERP requirements. With specialist CODA financial software and the flexible Agresso Business World ERP suite, we offer the choice, functionality and expertise that will support companies with changing business requirements long into the future."

UNIT4 also has plans to expand its presence in Indonesia during the second half of the year.

"Asia will play a strategic role in UNIT4's international development plan," said Chris Ouwinga, President and CEO, UNIT4 Group. "The markets in Singapore and Malaysia are recovering earlier than most of the Asia-Pacific, and we see opportunity for expanding activity in the region and optimizing the product mix we offer. Many organizations are choosing to invest in new business software to enable them to cope with the difficult and changing market conditions more efficiently and effectively, or to make restructuring easier."

About UNIT4

UNIT4 is a global business software and services company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively in a market sector it calls 'Businesses Living IN Change' (BLINC)(TM). The Group incorporates a number of the world's leading change embracing software brands including Agresso Business World and CODA financial management software.

Agresso Business World is our flagship ERP suite for mid-sized services intensive organizations. It is widely acknowledged for delivering ongoing, post-implementation changes without the typical external IT costs and services that cost firms huge sums of money each year. This is achieved thanks to its powerful VITA(TM) architecture which is unmatched in the ERP world.

CODA Financials is our award-winning suite of best-of-class financial management software designed to integrate with your industry- and company-specific applications. CODA's LINK(TM) architecture sets it apart from ordinary accounting systems by providing a financial information backbone for companies with fast-changing and mixed application environments. It is a global accounting solution for mid-to large sized organizations, offering a "no compromise" approach to financial modeling, process control and application choice. UNIT4 is a top six mid-market ERP software player globally and the 2nd largest European ERP supplier. With offices in 15 European countries, as well as 6 countries across North America, Asia Pacific and Africa and sales activities in several other countries, a revenue of (euro)379.4 million was realized in 2009. UNIT4 is headquartered in Sliedrecht, the Netherlands. The company has 3,456 employees (31 December 2009).

UNIT4 is listed on Euronext Amsterdam by NYSE Euronext and is included in the Amsterdam Smallcap Index (AScX). For more information on UNIT4 or any of its operating companies, please visit the website at www.unit4.com.

SOURCE UNIT4 Business Software