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March 22, 2006
FullTilt Solutions Continues Rapid Expansion and Reports Record Growth
Wayne, PA - FullTilt Solutions, Inc., a leading provider of Enterprise Product Information Management (PIM) software solutions, today announced record sales growth for the year ending December 31, 2005. Revenue increased 170% versus the same 2004 fiscal year with major new contract wins in the consumer packaged goods, distribution, MRO and electronics markets. Key customer wins included: Mouser Electronics, Watts Water Technologies and Kaman Industries.
The extraordinary revenue growth was fueled by demand for FullTilt's Perfect Product Suite™, the company's flagship enterprise Product Information Management solution and the growing need to address product centric Master Data Management (MDM) needs. Perfect Product Suite optimizes product centric business processes across internal operations and with external trading partners to enable perfect Internet enabled commerce for the consumer packaged goods, retail, MRO, electronics, healthcare and life sciences industries.
"We are winning these contracts because we offer the lowest total cost of ownership and the most forward-looking Enterprise PIM solution with an interoperable SOA framework and proven scalability," said Tim Wallace, CEO, FullTilt Solutions. "Customers have recognized that enterprise product information management is a key strategic initiative that enables profitable revenue growth. The majority of our wins in 2005 were driven by CEO, CIO and Product and Brand Marketing initiatives that quantified the competitive advantage and positive business implications on existing customer and trading partner relations by having clean, maintainable, accurate and reliable product information."
Delivering correct, consistent, timely product information throughout the enterprise and with external trading partners helps build stronger business relationships and increases sales. Product centric MDM solutions provide a means of eliminating product discrepancies and help create uniform product definitions that have been very time-consuming and resource-intensive efforts. Business process automation tools are also essential to keep product information current on an ongoing basis.
Some companies have attempted to use their ERP as a centralized product information repository, but have been stymied by the reality that they presently maintain multiple master data repositories. A recent Tower Group survey indicated that 50% of enterprises maintain master data separately in 11 or more source systems. Your ERP is just one of many product information silos, not a comprehensive product centric MDM solution managing a central source of product information truth. A sound product centric MDM strategy relies upon existing systems, so as to be largely non-invasive. This is why a best of breed solution is such a viable option.
FullTilt's Perfect Product Suite
Perfect Product Suite® automates and manages the complete and accurate enterprise product information and the business processes necessary to enable perfect Internet enabled commerce. Perfect Product Suite™ was recently ranked as the market's top solution by Forrester Research.
Perfect Product Suite provides a comprehensive Product Information Management (PIM) solution that addresses specific business and industry needs. This robust solution helps you assemble an accurate, consistent centralized internal repository that can link critical business information—including items, locations, trading partners, organization and terms of trade. FullTilt's Perfect Product Suite creates more value for your company as you share information with all your constituencies. Perfect Product Suite increases productivity and simplifies managing, assembling, linking and classifying product information.
Sophisticated workflow features help walk users through the steps, staging and approvals for critical product centric processes—such as new product introductions, campaign launches and end-of-life efforts for a product. Perfect Product Suite delivers rich product information to web sites and e-commerce applications, printed documents, marketing collateral, kiosks, as well as directly to customers and other partners.
About FullTilt Solutions
FullTilt Solutions, Wayne, Pa., is a provider of enterprise Product Information Management (PIM) solutions. FullTilt focuses on providing solutions for Consumer Packaged Goods Manufacturers, Retail Industries, Electronics, MRO and Life Sciences. FullTilt's flagship product, Perfect Product Suite®, automates and manages the complete and accurate internal data synchronization process to enable perfect business-to-business commerce. FullTilt offers a 100% Java enterprise PIM solution that is scalable, platform-agnostic and provides a centralized product centric repository. FullTilt supports the unique attributes and trade complexities of CPG manufacturers and RFID. FullTilt is a certified solutions provider for 1SYNC and Agentrics. Since 1987, FullTilt has been implementing enterprise solutions at leading organizations such as: McCain Foods, Premier, Inc., BDI, Watts Water, Kaman Industries, Brady Corporation, Hagemeyer and Thomas & Betts. Further information about FullTilt Solutions and its products is available at www.fulltiltsolutions.com.
FullTilt and Perfect Product Suite are trademarks of FullTilt Solutions, Inc. All other trademarks referenced are the property of their respective owners.
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