Lawson, Periscope Holdings Announce Reseller Agreement.Business Editors/High-Tech Writers ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--April 27, 2004 Lawson Extends Procurement Offerings with BuySpeed(TM) Solutions to Form Comprehensive Procurement Solution for Public Sector Organizations Lawson Software (Lawson Software, St. Paul, MN, www.lawson.com) A software company that specializes in ERP for vertical markets including health care, retail, public sector, professional and financial services. (Nasdaq:LWSN) today announced it signed a reseller agreement with Periscope periscope (pĕr`ĭskōp) [Gr.,=view around], instrument to enable a person to see objects not in his direct line of vision or concealed by some intervening body. Its essential parts are a tube, prisms, lenses, mirrors, and an eyepiece. Holdings, Inc., a leading provider of procurement software Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is designed specifically for the public sector. The agreement gives Lawson the ability to resell Periscope's BuySpeed system with the Lawson Procurement Suite to create a comprehensive procurement offering for public sector clients. The agreement is effective immediately. Periscope's BuySpeed system enables public sector organizations to more efficiently manage and track bids and quotes, contracts and vendor performance, while utilizing the NIGP NIGP National Institute of Governmental Purchasing, Inc. Commodity/Services Code as an imbedded standard for classification. "This agreement expands Lawson's public sector offering, enabling us to deliver a more comprehensive package of strategic sourcing and procurement solutions to our clients," said Sam Adams, senior vice president of Public Sector, Lawson Software. "It also furthers our clients' goals of shortening procurement cycles and managing complex compliance and participation requirements, which improves service levels, supplier relationships and the time and cost to serve everyone involved in the process, including constituents, the vendor community and employees." "Built primarily for the public sector, BuySpeed creates customer value by providing a collaborative environment that automates the complex processes associated with government procurement Government procurement, also called public tendering, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts while ensuring a highly regarded level of fairness, participation and consistency," said Brian Utley, president and chief executive officer, Periscope Holdings, Inc. "We look forward to working with Lawson to help public sector organizations improve their efficiency and meet the higher levels of accountability expected of them." Lawson serves more than 140 public sector customers, including four of the 25 largest school districts in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . School districts, cities, counties, state governments, publicly owned Publicly owned can refer to:
About Lawson Software Lawson Software provides business process software solutions that help services organizations in the healthcare, retail, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , public sector, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and other strategic markets achieve competitive advantage. Lawson's solutions include enterprise performance management, distribution, financials, human resources, procurement, retail operations, and service process optimization. Headquartered in St. Paul, Minn., Lawson has offices and affiliates serving North and South America, Europe, Asia, Africa and Australia. Additional information about Lawson is available at www.lawson.com. About Periscope Holdings, Inc. Based in Austin, Texas, Periscope Holdings, Inc. is a holding company for technology solutions focused primarily on the public sector. Periscope's procurement products include BuySpeed, NIGP Code and TextOrder. Periscope is proud to serve over 450 public sector customers including states, counties, cities, school districts, universities and political subdivisions. For more information, visit www.goperiscope.com. Forward-Looking Statements This press release contains forward-looking statements. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software, Inc., 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 ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to update forward-looking statements based on circumstances or events that occur in the future. In addition to factors discussed above, risks and uncertainties that may cause such differences include but are not limited to: a decline in general economic conditions; uncertainties in the software industry; global military conflicts; terrorist attacks in the United States, and any future events in response to these developments; changes in conditions in the company's targeted service industries; increased competition and other risk factors listed in the company's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission and as included in other documents the company files from time to time with the Commission. |
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