SaaS WMS Provider, Deposco, Reports Strong Q2 ResultsSubmitted by admin on Fri, 08/06/2010 - 11:29
Atlanta, GA – August 6, 2010 – SaaS WMS Provider, Deposco, Reports Strong Q2 Results Continuing a strong growth trend from last year, Deposco, the leading Software-as-a-Service provider of on-demand warehouse management systems (WMS) and inventory management and control software reports growth in its customer base, revenue, as well as staffing. New customer acquisitions for the quarter include the premier developer, manufacturer, and marketer of surgical dressings and compression bandages for use in the institutional and consumer/retail healthcare markets. Another new internet retail customer brought on board represents a large and growing aftermarket auto parts & accessories industry. Research shows this $66 billion market has continued growth potential over the next 4 years. Both companies fall in the small-to-midsize business category, with revenues ranging from $10-50 million and anticipate revenue growth between 15-25% this year. With their currently stressed warehouse and fulfillment operations, both cite the need for flexible technology solutions to increase inventory visibility, efficiencies, and to gain control of supply chain operations as imperative to their growth strategies. Additionally, Deposco grew with a resort and casino, part of the largest construction project in the Northern Hemisphere. The customer--formerly using Deposco’s technology to manage their furniture, fixtures, and equipment (FF&E) build-out across its 2,995 rooms-- will now also be utilizing Deposco ShipForce for its inventory and warehouse management serving the 11 named restaurants, 5 bars, lounges and nightclubs, plus multiple shops, as it plans to open its doors to customers in December. Deposco Executive Vice President, Ralph Widmaier, states “With the economy showing signs of recovery across spending in the supply chain technology market, Deposco is poised to continue our customer growth trends, while bringing real-world value and savings to our current customers.”
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