Logility Recognized as a 2007 Start-IT Hottest Company
ATLANTA (June 11, 2007) Logility, Inc. (NASDAQ: LGTY), a leading supplier of collaborative solutions to optimize the supply chain, announced today that it has been named one of Start-IT magazine’s Hottest Companies of 2007.
The winners, chosen by Start-IT editors from a pool of innovative technology providers serving the manufacturing industry, have shown strong financial results, important client wins, and significant events and accomplishments during the past year that help set the winning companies apart from their competition.
In selecting Logility as one of the Hottest Companies, the editors of Start-IT cited the company’s banner year in Fiscal 2006, which included a record 88 new customers and record revenues of $37.3 million, an impressive 50% increase compared to the prior year. This year marks the second consecutive year that Logility has been recognized as a Start-IT Hottest Company.
“Logility is honored to once again earn a place among such a prestigious group of software providers serving the manufacturing industry,” said Mike Edenfield, president and CEO, Logility. “Industry recognition such as this reflects our ongoing commitment to our customers and Logility’s ability to deliver a substantial return on investment through improved demand visibility, reduced costs and increased customer service levels.”
About Logility
With more than 1,100 customers worldwide, Logility is a leading provider of collaborative, best-of-breed supply chain solutions that help small, medium, large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions is a complete supply chain management solution that features performance monitoring capabilities in a single Internet-based framework and provides supply chain visibility; demand, inventory and replenishment planning; supply and global sourcing optimization; manufacturing planning and scheduling; transportation planning and management; and warehouse management. Logility customers include Bissell, Brown Shoe Company, Huhtamaki UK, McCain Foods, Pernod Ricard, Rand McNally, Sigma Aldrich, and VF Corporation. Logility is a majority owned subsidiary of American Software (NASDAQ: AMSWA). For more information about Logility, call 1-800-762-5207 or visit
www.logility.com.
Forward Looking Statements
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results to differ materially from those anticipated by statements made herein. These factors include, but are not limited to, changes in general economic conditions, technology and the market for the Company's products and services including economic conditions within the e-commerce markets; the timely availability and market acceptance of these products and services; the effect of competitive products and pricing; the uncertainty of the viability and effectiveness of strategic alliances; and the irregular pattern of the Company's revenues. For further information about risks the Company could experience as well as other information, please refer to the Company's Form 10-K for the year ended April 30, 2006 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information about risks the Company could face as well as other information, contact Vincent C. Klinges, Chief Financial Officer, Logility, Inc., 470 East Paces Ferry Rd., Atlanta, GA 30305, (404) 261-9777. FAX: (404) 264-5206 INTERNET:
www.logility.com
or E-mail:
asklogility@logility.com | .
