Lawson Software (Nasdaq: LWSN) today announced that Bangla CAT,
Bangladesh’s largest independent electric power generation (EPG)
solution provider and Caterpillar distributor, has chosen Lawson for
Equipment Service Management and Rental. Bangla CAT will use the Lawson
enterprise software system to help support its business operations and
help enhance customer service and productivity across the organization.
The contract was signed during the third quarter of Lawson’s 2011 fiscal
year, which ended Feb. 28, 2011.
Bangla Trac Limited, which operates under the name Bangla CAT, has been
an exclusive dealer for Caterpillar (CAT) engines and equipment in the
People’s Republic of Bangladesh since 2004. Headquartered in Dhaka,
Bangla CAT operates four branch offices that provide Caterpillar
equipment for businesses across the country. In addition to its range of
electric power generators, Bangla CAT also provides gas and diesel
generators, liquid fuel fire engines, construction machinery, material
handling machinery and marine solutions.
"With the constant need for our business to grow, we need to drive
efficiency into our existing operational activities,” said Mr. Nazim
Haque, managing director of Bangla Trac Limited. "We found Lawson to be
the best fit for a Caterpillar equipment dealer like us, with a flexible
system that is designed around our industry-specific business
activities. We are confident that our new partnership with Lawson will
help us better achieve our objective of providing unparalleled service
coverage and access. Most importantly, the new Lawson system will help
us focus on enhancing customer satisfaction.”
In 2009, the Electric Power Division of Caterpillar Inc., named Bangla
CAT as the "top Asia Pacific power systems dealer.” With the region’s
highest electric power sales, Bangla CAT ranks as one of the top five
EPG dealers globally. The company is also known as one of the world’s
largest gasoline engine dealers. Bangla CAT is a major contributor to
Bangladesh’s economy, providing gas and electric power generators, which
are used as a key source of continuous power for the country’s important
textile industry.
Lawson for Equipment Service Management and Rental will help Bangla CAT
improve visibility of critical business information. The Lawson solution
will also help Bangla Cat provide quick and efficient customer service.
The company will use the new Lawson solution as a platform to streamline
key information from its sales, service, warranty, finance and rental
departments within a single, central business system.
David Hope, general manager and regional managing director for Lawson
Asia Pacific and Japan noted, "The new partnership with Bangla CAT is
proof once again that the Lawson for Equipment Service Management and
Rental solution is designed around the specific business needs of heavy
equipment dealers globally as well as regionally. The solution is well
suited for growing equipment companies that are looking for a platform
to help them efficiently manage their complex operations.”
About Lawson Software
Lawson Software is a global provider of enterprise software. We provide
business application software, maintenance and consulting to customers
primarily in specific services, trade and manufacturing/distribution
industries. We specialize in and target specific industries including
healthcare, services, public sector, equipment service management &
rental, manufacturing & distribution and consumer products industries.
Our software solutions include Enterprise Financial Management, Human
Capital Management, Business Intelligence, Asset Management, Enterprise
Performance Management, Supply Chain Management, Service Management,
Manufacturing Operations, Business Project Management and
industry-tailored applications. Our applications help automate and
integrate critical business processes, which enable our customers to
collaborate with their partners, suppliers and employees, reduce costs
and enhance business or operational performance. Lawson is headquartered
in St. Paul, Minn., and has offices around the world. Visit Lawson
online at www.lawson.com.
For Lawson’s listing on the First North exchange in Sweden, Remium AB is
acting as the Certified Adviser.
Forward-Looking Statements
This press release contains forward-looking statements that contain
risks and uncertainties. These forward-looking statements contain
statements of intent, belief or current expectations of Lawson Software
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 to
update forward-looking statements based on circumstances or events that
occur in the future. Risks and uncertainties that may cause such
differences include but are not limited to: uncertainties in the
software industry; uncertainties as to when and whether the conditions
for the recognition of deferred revenue will be satisfied; uncertainties
as to when and whether signed software license contracts will meet the
conditions for the recognition of revenue; increased competition; the
impact of foreign currency exchange rate fluctuations; continuation of
the global recession and credit crisis; Lawson’s ability to integrate
acquisitions successfully; changes in conditions in the company's
targeted industries; the impact of the earthquakes in Japan and New
Zealand on the business environment; the outcome of pending litigation
and other risk factors listed in the company's most recent Annual Report
on Form 10-K filed with the Securities and Exchange Commission. Lawson
assumes no obligation to update any forward-looking information
contained in this press release.
