Ross Systems Closes More than Half a Million Dollar Sales Deal for Ross ERP
December 10 2010 - 10:01AM
Business Wire
Ross Systems, Inc. announced today it completed a major sale
with a leading food manufacturing company, with more than $1
billion in revenue, for Ross ERP, in a transaction valued at more
than half a million dollars.
Separately, Ross Systems has received support from several of
its customers, as well as the Technology Association of Georgia
(TAG) since a jury in the Franklin County Circuit Court of the
State of Alabama awarded Sunshine Mills $61 million in damages in
its suit against Ross Systems late last week. Ross Systems plans to
appeal the verdict.
TAG is one of the largest technology organizations in the
country and is dedicated to the promotion and economic advancement
of the state's technology industry and provides leadership in
driving initiatives in the areas of policy, capital, education and
giving. Commenting on the jury award, Tino Mantella, TAG president
said, “TAG was disappointed with the jury’s ruling against Ross
Systems. We believe that the growing number of excessive and
unreasonable jury awards against companies in the technology
industry will only make it more difficult to do business in the
U.S., and stifle economic growth and job creation. TAG is
working and aligning with other affiliated industry groups to help
restore balance and fairness to the U.S. civil justice system
through comprehensive tort reforms.”
Addressing the major ERP deal and the industry reaction to the
verdict, Sherri Rodriguez, president of Ross Systems, stated, “We
are very excited to close this major deal for Ross ERP with one of
the leading food manufacturers in the country. We also are very
pleased by the tremendous show of support we have received from
several of our customers and TAG since receiving this jury award.
We are continuing to deliver the world-class products and services
that our customers expect, as well as working with them to meet
their business objectives. Our Ross support satisfaction rates
continue to be very strong, with a very significant majority of
customers giving us 'satisfied' to 'very satisfied' ratings in
surveys from each of their incident reports.”
About Ross Systems
Ross Systems was acquired by CDC Software (NASDAQ: CDCS) in 2004
and is a business unit of this global provider of hybrid enterprise
software applications and services. CDC Corporation (NASDAQ: CHINA)
owns approximately 85 percent of CDC Software.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995, including statements relating to, among other
things, our beliefs regarding the Sunshine Mills litigation,
including the outcome thereof, our beliefs regarding the nature and
propriety of the jury verdict and our plans to seek a reversal of,
or reduction in, the verdict, our beliefs regarding the appellate
process and our plans to appeal, beliefs regarding the potential
impact of jury awards against technology companies on business,
economic growth and job creation, our beliefs regarding customer
satisfaction, and other statements which are not historic fact.
These statements are based on management's current expectations and
are subject to risks and uncertainties and changes in
circumstances. There are important factors that could cause actual
results to differ materially from those anticipated in the
forward-looking statements, many of which are outside our control,
including, without limitation, the risk that Ross will not prevail
in its future efforts with respect to this matter, including
efforts to reverse or reduce the jury’s award, or that Ross will
not prevail on appeal; the risk of any potential impact a verdict
in this case may have on other disputes Ross and its affiliates now
or may in the future have outstanding; the potential impact on
business and customers; and the ability to make changes in business
strategy, development plans, product offerings and other matters
and to respond to the needs of current, new and potential
customers, suppliers, strategic partners and others. Further
information on risks or other factors that could cause results to
differ is detailed in CDC Software Corporation’s filings or
submissions with the United States Securities and Exchange
Commission, and those of our ultimate parent company, CDC
Corporation. All forward-looking statements included in this press
release are based upon information available to management as of
the date of the press release, and you are cautioned not to place
undue reliance on any forward looking statements which speak only
as of the date of this press release. The company assumes no
obligation to update or alter the forward looking statements
whether as a result of new information, future events or
otherwise.
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