Logility Included in Software Magazine's Annual Ranking of the World's Largest Software Suppliers
Logility’s consistent growth rate leads to year-after-year inclusion and improved ranking in the Software 500
ATLANTA (Oct. 29, 2008) Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced today that it has been included in Software Magazine’s 26th annual Software 500 ranking of the world’s largest software service providers.
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. Logility has been consistently ranked in the list for more than five years as a result of continued growth in the supply chain management software market. Over the past four years, Logility has steadily climbed up 65 spots in the listing to its current 2008 ranking of 273.
“The 2008 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $451.8 billion worldwide for 2007 representing 14.7% growth from the previous year,” says John P. Desmond, editor of Software Magazine and Softwaremag.com. “Logility has maintained steady growth the past couple of years which has resulted in the company’s inclusion in the Software 500 again in 2008.” The revenue rankings for the Software 500 include revenues from software licenses, maintenance, and support, training and software-related services and consulting.
“Logility has maintained consistent revenue growth in the supply chain management software market and we are proud to be ranked in the Software 500 each year,” said Mike Edenfield, president and CEO, Logility. “Our Logility Voyager Solutions™ and Demand Solutions® brands help our customers build supply chain excellence through improved forecast accuracy, more demand visibility, and stronger collaboration which is especially critical to meet customer expectations and grow profits in today’s tumultuous economy.
About Logility
With more than 1,250 customers worldwide, Logility is a leading provider of collaborative supply chain planning solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions feature performance monitoring capabilities in a single Internet-based framework and provide supply chain visibility; demand, inventory and replenishment planning; sales and operations planning; supply and global sourcing optimization; transportation planning and execution; and warehouse management. Demand Solutions provide forecasting, demand planning and point-of-sale analysis for maximizing profits in manufacturing, distribution and retail operations. Logility customers include Avery Dennison Corporation, BP (British Petroleum), Hyundai Motor America, Leviton Manufacturing Company, McCain Foods, Pernod Ricard, Remington Products Company, Sigma Aldrich, Under Armour Performance Apparel and VF Corporation. Logility is a majority-owned subsidiary of American Software (NASDAQ: AMSWA). For more information about Logility, call 1-800-762-5207 or visit http://www.logility.com/.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2008 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET: http://www.logility.com/ or E-mail: asklogility@logility.com.
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