Surging Interest in Strategic Cost Reduction and Profit Drivers Seeds Record Growth for Acorn Systems in 2008.
HOUSTON -- Acorn, the preeminent provider of cost and profitability management solutions, closes the books on 2008 with strong momentum for 2009. Capitalizing on a growing corporate demand for strategic cost management and profit improvement solutions, Acorn posted 31% revenue growth in 2008 over 2007--marking the highest revenues in the company's 12-year history.
"The economic crisis rippling across entire industries is creating an unprecedented need for companies to strategically reduce costs, identify areas for operational efficiency gains, and to understand profit drivers in their business," said Chris Fraga, Chief Strategy Officer of Acorn. "Acorn's range of solutions resonates with companies seeking a fast, cost-effective and accurate way to measure, analyze and improve profitability--resulting in our best year to date. We look forward to building on that success with additional Corporate Performance Management solutions, new industries and partnerships, and a broader global reach in the coming year."
Acorn's unique profitability modeling and management solutions enable enterprises of all sizes and levels of complexity to clearly identify where costs and resources are consumed by any process, business unit or entity, and provide clear visibility into the products, customers, channels and segments that are making and losing them money. Solutions range from fast-track cost reduction services to long term and sustained solutions for cost and profit analysis and improvement.
Expanding Client Base Domestically and Internationally
Bolstering its global client base in several sectors, Acorn signed new business in 2008 with, Morgan Stanley, Wachovia, Cemex, Coca Cola, ING, AMER Sports, Fortis, Constellation Energy Group and Central Garden & Pet, among others. Acorn also successfully deepened relationships with existing clients who expanded their utilization of Acorn solutions. In a typical implementation of three to six months, Acorn clients realize a ten-fold return on their investment through cost reductions and profitability enhancements.
In 2008, Acorn significantly grew its international presence and revenue results through its Acorn International subsidiary. Headquartered in Amsterdam and with consulting partners such as Avisen, B&M Consulting, Batuman Consulting, Intelligent Management Solutions, Ikan Consulting, SYNERGY Group and WesleyQuest, Acorn International now covers the UK, EMEA, Asia-Pacific and Latin America.
Introducing New Solutions to Market
Acorn added to its suite of software solutions in 2008 with product releases including:
* EPS 4.x-- software with additional capabilities to enhance speed of implementation and ease of use for business users, and enable tighter integration with Microsoft Excel 2007, MOSS 2007, and Performance Point Server 2007
* Supply Chain Analyzer--a targeted application enabling cost transparency throughout the logistics and operations of its clients
Enhancing Partner Network
In 2008, Acorn successfully renewed its SAP Software Solution Partner status and was accepted into the SAP PartnerEdge program as well as included on the SAP EcoHub. Acorn continues its close collaboration with Microsoft on product development, marketing and field engagement as a Gold Certified Partner in the US Managed ISV program.
Formalized Acorn User Group
Driving thought leadership and discussion of best practices in Profit Improvement, in 2008 Acorn formalized the Acorn User Group (AUG). Acorn initiates quarterly meetings at client facilities and supports other activities for the independent AUG, whose inaugural members include AON, PNC Financial Services, Elkay Manufacturing, United Stationers and Community America Credit Union.
Acorn (www.acornsys.com) is the leading provider of profit improvement solutions for growing revenues profitably, reducing costs, and improving operational efficiencies. Over the past 12 years, Acorn has delivered profit improvement results for Global 2000 companies in the Financial Services, Retail, Consumer Products, Manufacturing, Distribution, Logistics and Services sectors. Utilizing a trademarked technology and proven methodology, Acorn reveals profit opportunities across the enterprise, including customers, channels, segments, products, vendors, and processes. Acorn's unique approach enables clients to achieve results in a fraction of the time of traditional approaches, and to make continuous, fact-based decisions to improve their bottom line and Earnings per Share (EPS), yielding over $5 billion in profit improvements and creating billions in new shareholder value.