SAN MATEO, Calif., May 10, 2006 (PRIMEZONE) -- Aceva Technologies, a leading provider of applications for enterprise cash flow performance management, today announced growing momentum across multiple manufacturing and distribution sectors with the addition of several new customers in the energy, agriculture, scientific equipment, telecommunications, metals, and construction industries. Representative new customers include:
-- BP (http://www.bp.com), a top five global company with $295 billion in revenues and the world's largest integrated oil concern -- Chiquita Brands, International (www.chiquita.com), a $3.9 billion, international marketer and distributor of high-quality fresh produce and one of the largest banana producers in the world -- VWR International (www.vwr.com), a $3 billion global distributor of scientific equipment, chemicals and lab supplies -- Andrew Corporation (www.andrew.com), a $2 billion, S&P 500 manufacturer of essential equipment and solutions for the global communications infrastructure market -- Gibraltar Industries (www.gibraltar1.com), a Fortune 500 manufacturer of metals with $1.2 billion in revenues. -- PGT Industries (www.pgtindustries.com), a leading manufacturer of aluminum windows
Although varied in their business models, the customers share a common initiative to increase cash flow performance and optimize working capital. They will use Aceva to drive end-to-end financial visibility, business policy monitoring, process automation and workflow, as well as employ comprehensive reporting and analytics for continued process improvements in the management of cash flow.
With the ability and flexibility to scale to the needs of both large Fortune 500 and fast-growth companies, Aceva continues to be the solution of choice for companies across all industries.
"The rapid adoption of Aceva's products demonstrates an increased focus on cash flow performance management by corporations looking to maintain a competitive advantage," said Sanjay Srivastava, chief operating officer of Aceva. "We are seeing tremendous interest across a broad set of industries as CFOs look to gain control of their most important asset."
About Aceva
Aceva Technologies is a leading provider of software solutions for enterprise cash flow performance management. Aceva's solutions directly address quote-to-cash process breakdowns, quality issues, and automation requirements by delivering global financial visibility, continuous business policy monitoring, comprehensive process automation and workflow, as well as robust reporting and analytics. As a result, customers are able to optimize financial performance and working capital, improve operational excellence and customer satisfaction, and comply with internal controls and regulatory requirements.
Headquartered in San Mateo, California, Aceva's customers include Applied Materials, Avaya, Honeywell, Network Appliance, and Sprint. For more details, visit www.aceva.com, send email to info@aceva.com or telephone (650) 227-5500.
Aceva is a trademark of Aceva Technologies, Inc. All other trademarks and company names mentioned are the property of their respective owners.