May 12, 2004 -- Following a detailed correlated research and selection process into the provision of software solutions to the transport and logistics industry, the Awards Committee at the Global Institute of Logistics (GIL) has designated Four Soft Ltd. (4S) as the recipient of it's "Award of Excellence" accreditation.
The comprehensive study conducted by the research department of GIL over the last year draws for a significant part on a quality-ranking system based on responses provided by concerned parties within the global logistics sector. The research department of GIL has been conducting a comprehensive study into the provision and application of software solutions in the logistics sector over the last year and this has led to the GIL's recognition of 4S. GIL, in its research of supply chain management software, specifically looked at the standards applied by those in the IT sector that are contributing to the development and advancement of logistics and best practice in the sector and accordingly marks 4S as leading the way in logistics applications.
One of the outcomes of the study sees 4S emerge as the unequivocal choice of the Awards Committee for conferring of its "Award of Excellence", for its fully web-based software for supply chain management. 4S's e-Supply is the first fully web-centric integrated enterprise application product, which offers an end-to-end total solution, which created the first B2B supply chain management services product in the world. e-Supply is the first software suite to meet the global demand for a fully web-based product that works seamlessly from one end of the supply chain to the other.
Commenting on the award Palem Srikanth Reddy, Managing Director, Four Soft said: "4S has invested over 150 man years and 1 million lines of code, in each of the products, on advanced web technology of J2EE. The recognition for these efforts has through our customers and consequent financial success of the company. However, this award from GIL is perhaps the single biggest recognition of the efforts, technology, products and future of 4S. We are extremely proud to be associated with GIL and thank them for this award."
The recent IPO facilitating the raising of funds to finance the expansion of 4S's existing facilities, set up international marketing network, target acquisitions and meet product development expenses. |
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