MIAMI, Oct. 14, 2008 (GLOBE NEWSWIRE) -- NGC(r) (New Generation Computing(r)) today announced that the company has signed a reseller agreement with Technopak, one of the world's leading retail, textile, apparel and consumer goods consultancy firms. They are the thought leaders specializing in the rapidly growing Indian Retailing and Consumer Goods sector.
Under the terms of the agreement, Technopak will sell and provide implementation services for the full range of NGC's supply chain software for retailers, apparel brands and factories in India, Bangladesh, Pakistan and Sri Lanka. NGC products covered by the agreement include e-PLM(r) for Product Lifecycle Management, e-SPS(r) for global sourcing and visibility, RedHorse(r) for apparel ERP and TPM (The Production Manager) for shop floor control.
The agreement provides NGC with outstanding representation in the rapidly growing organized Indian retail market, which is expected to reach $110 billion by 2013. The number of shopping malls in India is predicted to increase to 600 in two years (from 355 in 2007), and chain retailers in India are expanding at a rapid pace. Driven by the growing retail sector, the market for solutions such as NGC's software is increasing greatly in the world's second largest country.
"NGC is one of the most highly respected and well-established software providers to the Apparel, Fashion, Footwear and Retail industries, and their solutions are ideal for the fast-growing Indian market," said Prashant Agarwal, Vice President, Technopak. "We look forward to representing NGC with Technopak's sales and implementation services."
"The Indian market is vitally important to NGC, and Technopak has an unsurpassed reputation, not just in India but worldwide," said Alan Brooks, President, NGC. "There's no better partner than Technopak to help drive the growth of NGC's solutions in India and the surrounding region."
About Technopak
Technopak builds and enhances business capabilities for leading Indian and international companies by offering services that are unique, thanks to the company's rich experience, strong industry relationships and a global footprint. Technopak's services are built around offering integrated strategy, process and technology deployment solutions to clients in key market areas including Retail, Fashion and many others. Founded in 1991 as a management consulting firm, Technopak is widely recognized for its strong implementation practices. More than 250 skilled professionals in the company's offices in Gurgaon, Bangalore and Thane (Mumbai) consult with Technopak's clients across the world. For more information, visit www.technopak.com.
About New Generation Computing
NGC(r) is a leading Fashion, Apparel, Footwear and Retail software company. NGC's SQL Series is a comprehensive suite of integrated, end-to-end solutions for PLM (e-PLM(r)), Global Sourcing (e-SPS(r)) and ERP (RedHorse(r)). The SQL Series provides real-time visibility to product information, accelerates speed to market, and enables quality control throughout the supply chain to help deliver superior products. NGC customers include leading brands and retailers such as VF Corporation(r), AX Armani Exchange(r), Carter's(r), Casual Male Retail Group(r), Maggy London, R.G. Barry, Hugo Boss(r), Dick's Sporting Goods, Isda & Co., Tristan & America(r), Axis(r), Parigi Group and many others. NGC has offices in Miami, New York, Los Angeles, China, India, Mexico and El Salvador and is a wholly owned subsidiary of American Software Inc. (Nasdaq:AMSWA). For more information, visit www.ngcsoftware.com.
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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 Company's ability to satisfy in a timely manner all SEC required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; the challenges and risks associated with integration of acquired product lines and companies; 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, 2008 and other reports and documents subsequently filed with the Securities and Exchange Commission. For more information, contact: Vincent C. Klinges, Chief Financial Officer, American Software, Inc., (404) 264-5477 or fax: (404) 237-8868.
TRADEMARKS: NGC, New Generation Computing, e-SPS, e-PLM and RedHorse are registered trademarks of New Generation Computing, Inc. All other trademarks or registered trademarks are properties of their respective companies.