Monday May 22, 9:07 am Eastern Time
Magic Software Signs Deal With Compass Group to Deliver e-procurement System Based Upon Magic eMerchant
Site to be Operational in June 2000
IRVINE, Calif. - Magic Software
Enterprises (Nasdaq:MGIC - news), a leading provider of state-of-the-art
application development technology and business solutions, Monday
announced that it has signed a deal with Compass Group PLC, a major
worldwide foodservice organization, to deliver an e-procurement
solution.
The e-procurement solution, which is being developed and
implemented by Magic's French subsidiary at Compass Group France, will
be built using Magic's award-winning business-to-business e-commerce
solution, Magic eMerchant TM. The new application is expected to
become operational in June 2000.
Helping Compass Point the Way to eProcurement
The e-procurement solution being developed by Magic for Compass
Group will provide the company an intranet data infrastructure to
better manage and follow the procurement of food in each restaurant.
The objective is to streamline the flow of business between national
buyers, providers and local unit managers in order to increase
productivity, equalize pricing and raise overall order quality.
To be called, "Intranet Mercuriales," it will include the ability
to build a providers network in which price lists can be negotiated on
a regional level and regional product catalogs can be generated.
In addition, it will allow local unit managers to create their
own catalogs containing information on product preferences, product
turnover, special restrictions and conditions, required
authorizations, etc. To ensure the consistency of the overall system,
the new Magic solution will be integrated with Compass Group's
existing Oracle ERP.
In selecting Magic eMerchant to power the site, Compass Group was
looking for an application that could meet very stringent budgets and
deadlines, be easily and rapidly customized, and seamlessly integrated
with its existing back-office system.
"We chose Magic over Oracle and IBM because they were able to
provide us a competitive, fixed-price solution that could be
implemented much more quickly and efficiently than the other two, and
would adhere exactly to our specific data model," said Ludovic Penin,
Compass Group's IS director in France.
The deadline for completion of Compass Group's new e-procurement
solution is June 2000.
"We are extremely excited about the challenge presented us by the
Compass Group to create a truly innovative e-procurement solution,"
said Israel Teiblum, president of Magic. "It is the type of challenge
where Magic excels -- fastest time-to-market, rapid return on
investment, exceptional functionality and easy integration with
existing systems."
About Compass Group
Compass Group is the world's leading foodservice organization,
with clients distributed throughout Europe, Scandinavia, the United
States, Latin America, Asia and Africa. Founded more than 50 years ago
in the United Kingdom, Compass Group serves the diverse eating needs
of millions of people by providing the best quality food and service
to suit each individual location, and by working in close cooperation
with both clients and customers.
The Compass Group's corporate headquarters are located at
Cowley House, Guildford Street, Chertsey, Surrey KT16 9BA, United
Kingdom, telephone +44 1932 573 000, fax +44 1932 569 956,
http://www.compass-group.com.
About Magic Software Enterprises
Magic Software Enterprises, a member of the Formula Group (Nasdaq: FORTY - news), develops, markets and supports software development and
deployment technology that enables enterprises to accelerate the
process of building and deploying applications that can be rapidly
customized and integrated with existing systems.
Magic technology, applications and professional services are
available through a global network of subsidiaries, distributors and
Magic solutions partners in approximately 50 countries. The company's
North American subsidiary is located at 1642 Kaiser Ave., Irvine,
Calif., 92614, telephone 949/250-1718, fax 949/250-7404,
http://www.magic-sw.com.
The Formula Group is an international information technology
company principally engaged, through its subsidiaries and affiliates,
in providing software consulting services, developing proprietary
software products and producing computer-based solutions.
Except for the historical information contained herein, the
matters discussed in this news release include forward-looking
statements that may involve a number of risks and uncertainties.
Actual results may vary significantly based upon a number of factors
including, but not limited to, risks in product and technology
development, market acceptance of new products and continuing product
conditions, both here and abroad, release and sales of new products by
strategic resellers and customers, and other risk factors detailed in
the company's most recent annual report and other filings with the
Securities and Exchange Commission.
Contact:
Magic Software Enterprises, Ltd.
Katharine Hanley, 949/250-1718 ext. 220
khanley@magic-sw.com
or
Israel Teiblum, +972-3-538-9311 or 9489
iteiblum@magic-sw.com
