- TECSYS Inc. (OTCMKTS: TCYSF) (TSX: TCS) — an industry-leading supply chain management software company — announced that it has jumped 37% year-over-year and posted its first $100 million-plus fiscal year revenue performance for 2020
TECSYS Inc. (OTCMKTS: TCYSF) (TSX: TCS) — an industry-leading supply chain management software company — announced that it has jumped 37% year-over-year and posted its first $100 million-plus fiscal year revenue performance for 2020. As TECSYS goes into fiscal 2021 with an aggressive growth strategy focused on expanded solution integration partnerships, nimble cloud deployment, and post-pandemic market demand surge for omnichannel fulfillment and consolidated services.
The Montreal-based software provider is nearing its fourth decade in business and it has become a dominant supply chain software vendor for the healthcare market.
As a result of the company’s growing market share, Tecsys is finding itself at the nexus of two major surging post-COVID-19 markets: healthcare supply chain and digital commerce. And the value delivers to its customers has quickly grown in priority for organizations still running less sophisticated systems.
Tecsys’ solutions solve complex operational challenges with software and services that simplify the end-to-end movement of products throughout the supply chain from initial receipt to final consumption. And the remarkable growth experienced by the company over the past two years shows no signs of slowing down.
Ranging from healthcare, retail, warehouse, transportation, and point-of-use management to business intelligence and analytics, forecasting and demand planning, Tecsys solutions have been equipping customers with data-driven risk mitigation, inventory control, and process efficiency.
Key Quotes:
“If we learn nothing else from COVID-19, we should realize that supply chain can make or break your business. Adding to the complexity of converging and consolidating markets is a massive acceleration in omnichannel consumer adoption, and we’re very quickly seeing less nimble operations crumble. Our ability to manage that complexity and turn it into customer value is why we are a leading provider in our market.”
“Tecsys continues to build momentum beyond even our most ambitious internal targets. Our transition to SaaS, our presence in key verticals, and unique market conditions have accelerated the adoption of agile supply chain and distribution capabilities. We are exceptionally positioned to provide the market with exactly what they need for this huge market shift.”
— Peter Brereton, president and CEO at Tecsys
“Our team is laser-focused on delivering the tools our customers need to be successful. Whether it’s moving a health system to a consolidated service center model, getting a retailer up and running on omnichannel fulfillment, or helping a warehouse operation reach new levels of efficiency and scalability, Tecsys has built its reputation on customer success, and it’s what is driving our continued growth.”
Laurie McGrath, chief marketing officer at Tecsys
