RedTail Solutions Announces
Major 2007 Achievements
Company Increases Revenue Base
by Nearly 100%;
Achieves Profitability in
Fourth Quarter of 2007
WESTBOROUGH,
Mass., Feb. 13, 2008 – RedTail
Solutions, a provider of Software as a
Service supply chain solutions for EDI and data synchronization, today
announced major
achievements for 2007 in several areas, including growing its customer and
transaction base by 40% and revenue base by nearly 100% for the second year
in a row. Most importantly, as planned, the company achieved profitability at
the beginning of Q4 2007.
In
expanding its customer base, RedTail continues to add larger manufacturers such
as A.O. Smith, the leading supplier of water heaters to the hardlines
segment, which includes home improvement retailers such as Lowes.
"Achieving
profitability at the end of 2007 brings RedTail to a new level where we are
well prepared to execute in the areas of customer acquisition and expansion of
our SaaS platform
more aggressively than ever before," said Patricia Meisner, CEO of RedTail. "In
2008, we will accelerate the development and release of our next generation of
SaaS that includes business intelligence for the supply chain. We can leverage
that in supplier
enablement programs for larger manufacturers in the consumer packaged goods
area."
In 2007
RedTail strengthened and grew its relationship with VAR partners in both the
Sage Software and Microsoft Dynamics channels, and became a new solution
partner for
SAP Business One, providing SaaS solutions that are integrated with these ERP
and accounting platforms. The company continues to be recognized as a leader in
the area of SaaS and supply chain and was named to Manufacturing Business
Technology's list of
top 40 global innovators in October 2007.
About
RedTail Solutions, Inc.
RedTail
Solutions, Inc. is a privately held company, located in Westborough, MA. It
enables suppliers to compete at the highest level in today's supply chain
by providing a Software-as-a-Service (SaaS) platform for b2b collaboration.
This advanced platform provides a suite of hosted servicesthat integrate
seamlessly with middle-market systems like Microsoft Dynamic (Great Plains) to
enterprise back office systems such as SAP. Suppliers can connect and trade through a single
solution with their key customers as well as third-party logistics providers in
warehousing and transportation.
There are more than 500,000 suppliers that participate in the global supply
chain today that can gain immediate benefits by using RedTail's fully
integrated and automated electronic collaboration through a single interface,
helping them to eliminate transaction errors, reduce penalties for non-compliance and
ultimately to streamline business processes. For more information, visit
www.redtailsolutions.com.
All
companies and products listed herein are trademarks or registered trademarks of
their respective holders.
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CONTACT:
George
Cohen
George Cohen
Communications
(617)
325-0011
george@gccpr.com
