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SYSTEM SOFTWARE ASSOCIATES (SSA) SEES 15% REVENUE GROWTH in 1999
Chairman and CEO William M. Stuek Outlines Plans for Company Growth
Chicago, IL, September 24, 1998 - System Software Associates (NASDAQ:
SSAX), a global provider of enterprise resource planning (ERP) software and services,
today outlined its plans for 15% revenue growth and a return to profitability in 1999 and
beyond.
"We believe that the actions we are taking will invigorate SSA's growth, and
restore the company to profitability," said William M. Stuek, Chairman and CEO of
SSA.
The company said its growth expectations are supported by forthcoming new releases of
the company's Business Planning and Control System (BPCS) software and strengthened
partnership with hardware vendors International Business Machines and Hewlett Packard.
Other growth drivers cited by the company include new product and services partnerships
and alliances, increased software and services revenues, and continuing overall
improvements in software quality and client satisfaction.
In his remarks, Stuek announced a new business partnership with i2 Technologies, Inc.,
the leading provider of intelligent planning and scheduling software for global supply
chain management. The partnership will result in seamless interoperability between i2's
RHYTHM® family of products and SSA's BPCS by early 1999. Calling it the first of several
product partnerships soon to be announced, Stuek noted that "through this joint
marketing and sales relationship we expect to sell Rhythm into our installed base and new
business opportunities around the world." SSA plans to form other partnerships
involving sales force automation, system management, and the Internet in the near future.
About SSA
System Software Associates is a worldwide ERP software and services provider, with
fiscal-year 1997 revenue of $430 million. Its principal product, BPCS Client/Server
Version 6.0, is primarily sold to the industrial sector including, automotive, chemicals,
consumer goods, electronics, general manufacturing, food and beverage, forest products and
pharmaceuticals.
Safe Harbor Provision
The statements contained in this release regarding SSA's future operating results and
performance and business prospects are "forward-looking statements" subject to
the safe harbor created by the Private Securities Litigation Reform Act of 1995. Where
possible, the words "expect," "outlook" and similar expressions, as
they relate to SSA or its management, have been used to identify such forward-looking
statements. These statements reflect SSA's current beliefs and specific assumptions with
respect to future business decisions and are based on information currently available to
SSA. Accordingly, the statements are subject to significant risks, uncertainties, and
contingencies which could cause SSA's actual operating results, performance or business
prospects to differ from those expressed in, or implied by, these statements.
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