Agresso Expands North American Product Footprint

Thu Jun 12, 2008 5:08pm EDT

* Reuters is not responsible for the content in this press release.

Acquisition of CODA Increases Presence in North America and
        Creates New Markets in Asia-Pacific and Eastern Europe
VICTORIA, B.C.--(Business Wire)--
Agresso, (, the ERP market's definition of
agility, has expanded its reach into North America and increased
product offering with its recent acquisition of CODA. The addition of
CODA, a European-based, UK-headquartered developer of international
financial accounting software, gives Agresso new customers, offices
and products that will greatly enhance its global footprint to over
5,500 customers worldwide, specifically increasing its presence in the
North American market to 400 customer organizations.

   Newly acquired CODA offices on the East Coast and in the Midwest
of the U.S. will allow Agresso North America to provide improved
service to customers and prospects. The newly combined company is
ranked as the sixth largest Mid-market ERP vendor globally with over
3,500 employees across 19 countries. The acquisition also gives
Agresso new reach into the Eastern Europe and Asia-Pacific regions.

   Agresso will continue to target its ERP solution at the dynamic
segment of the public and private services sector that it terms
BLINC(TM), Businesses Living IN Change. However, the addition of CODA
extends the group's strengths into the SMB and Enterprise markets for
organizations that require powerful best-of-class financials to
integrate with their specialized business applications. CODA's
flexibility and international accounting capabilities make it
particularly suited to complex organizations or those trading
overseas. Example CODA clients include IKEA, Texas Pacific Group and
UPS Logistics.

   "With CODA, we can now address new markets in North America as
well as offer additional products and increased service capabilities
to existing customers," said Shelley Zapp, President, Agresso North
America. "Our customers will greatly benefit from our expanded reach
and depth."

   One example of additional products that will benefit current
Agresso users is CODA 2Control Consolidation, a financial
consolidation tool that streamlines group financial reporting. This
will allow Agresso Business World users to handle the process of
reconciling and combining financial accounts into a single
consolidated view for statutory and management reporting. Available as
a standalone solution, this product performs financial consolidations
across any ERP or financial system. It offers sophisticated
capabilities but is less expensive and faster to implement than
competitive applications.

   This is a strategic acquisition that will bring extended product
and service offerings to customers of Agresso and CODA as well as
improving geographic coverage.

   About Agresso

   Agresso ( is a $480 million enterprise
resource planning (ERP) company and one of the top five providers of
ERP solutions for professional services and public sector
organizations. Agresso offers a uniquely integrated
architecture designed specifically for Businesses Living IN Change
(BLINC) (TM). Agresso allows an unlimited amount of ongoing,
post-implementation changes without the typical external IT costs and
intervention that nets billions of dollars in revenue to the market
leaders. Over 2,750 companies and organizations in 100 countries
deploy Agresso Business World for both operational support and
strategic management. The company's role-based, Web Services and
Services-Oriented Architecture (SOA) enabled solutions include:
Financial Management, Human Resources and Payroll, Procurement
Management, Project Costing and Billing, Reporting and Analytics,
Business Process Automation, Field Services and Asset Maintenance, and

JoAnn Marlow, Director, Marketing
250.704.4489 (direct)
250.415.7510 (cell)

Copyright Business Wire 2008
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