Vista's New VistaCPG 6.3 Suite Part of Strategic Initiative
ST. CHARLES, Ill., Aug. 2 /PRNewswire/ --
The Vista Technology Group, Ltd., the leading provider of collaborative trade solutions for the Consumer Goods industry, announced that McCormick & Company, Inc. (NYSE: MKC), the global leader in the manufacture of spices, seasonings, and flavors, signed a software license agreement for Vista's latest release of VistaCPG(R).
McCormick & Company, Inc. purchased VistaCPG as part of its Beyond 2000 (B2K) global initiative of business process improvement enabled by state of the art information technology. Fran Contino, Executive V.P., CFO, and B2K Program Sponsor at McCormick commented about the B2K initiative, "B2K is designed to optimize our supply chain, reengineer our back office processes, strengthen our product development processes, extend collaborative processes with our trading partners and generally enhance our capabilities for delivering profitable growth."
McCormick's B2K Strategy is being driven by several trends, including customers that require integrated, fast and collaborative business processes, globalization of customer relationships, and evolution of electronic marketplaces. "As part of our B2K strategy, VistaCPG will help McCormick extend promotion management with our trading partners," said Jerry Wolfe, B2K Program Director for McCormick.
Vista was selected for its breadth and depth of functionality, closed-loop, integrated system and its vision for the future. "In addition to Vista's scalability and strong functionality in the areas of trade funds tracking and analytics," said Jerry Wolfe, "we were impressed by Vista's depth of industry expertise and their solid customer references." VistaCPG will enable McCormick to work more closely with customers, create more trade fund efficiency and provide critical information on how promotional programs are contributing to top line sales growth through promotional lift.
In addition to these immediate benefits, the implementation of VistaCPG is expected to be a foundation for continuous improvement as McCormick expands its use of the internet to connect with brokers, retailers and the consumer. Iain Kerr, Vista's President and CEO said, "We are thrilled that an industry leader like McCormick has recognized the value of our solutions and vision. As we move forward together, Vista will be able to help extend McCormick's collaborative processes out to brokers and retailers using the internet."
About the Vista Technology Group, Ltd.
The Vista Technology Group, Ltd. provides web-based solutions that enable collaboration between trading partners in the Consumer Goods industry. Vista's collaborative commerce platform and industry-leading applications deliver increased revenues and profits to our customers by enabling them to collaborate, synchronize and integrate sales, marketing and financial data throughout their supply and demand chains. Vista has established its leadership position by delivering significant business value to blue-chip companies such as S.C. Johnson, H.J.Heinz, Borden Foods Corporation, Unilever-Bestfoods, Solo Cup, Shaw's Supermarkets, and Dannon, Inc., and also through strategic alliances with PeopleSoft, Deloitte Consulting, SAP, and UCCnet. Additional information on Vista is available at www.tvtg.com .
About McCormick & Company, Incorporated
McCormick & Company, Inc. is the global leader in the manufacture, marketing and distribution of spices, seasonings and flavors to the entire food industry -- to foodservice and food processing businesses as well as to retail outlets. In addition, the packaging group manufactures and markets specialty plastic bottles and tubes for personal care and other industries. For more information about McCormick, visit the Company's web site on the internet at www.mccormick.com .
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