Park City Group Announces Significant SaaS Customer Win With Bunzl Distribution USA
Park City Group, Inc. (NYSE Amex: PCYG), a Software-as-a-Service provider of unique supply chain solutions for retailers and their suppliers, today announced that it has been selected by Bunzl Distribution USA, Inc. for a comprehensive hosted solution spanning a number of distribution centers for up to 20 of the customer’s trading partners. The Company has been contracted to provide Bunzl with vendor managed inventory (“VMI”) and future demand planning on a Software-as-a-Service (“SaaS”) basis.
“We are excited to have been selected by Bunzl Distribution USA, one of the nation’s leading suppliers of disposable packaging and other products used by major supermarkets and retailers,” said Randall K. Fields, Chairman and CEO of Park City Group. “Although not a traditional hub-and-spoke customer for Park City Group, our contract with Bunzl is significant in that it demonstrates the depth of our software solution within a defined segment of the retailing industry supply chain. As a large new customer, Bunzl also presents us with the opportunity for future growth as we add more locations and trading partners to their hosted platform, along with the possibility for additional services.”
“Park City Group is increasingly becoming the technology partner of choice for the retail supply chain,” said Ken Aull, Exec VP – IT for Bunzl Distribution USA, Inc. “Following a formal review of vendors, Park City Group was selected because it has the most comprehensive solution covering hosted VMI and demand planning services among other important features. With a strong reputation for customer service and sophisticated software solutions, Park City Group will help us ensure that our retail trading partners have the products they need to maximize their revenue opportunities and manage their inventory and working capital. Bunzl’s goal is to be positioned starting in 2011 to offer VMI services to key customers as an additional value-add to the breadth of existing information based value-add services that we provide our customers, as a means of differentiating ourselves from our competitors.”
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