Atlanta — December 17, 2008 — Supply chain solution provider Deposco has completed an investment with the UPS Strategic Enterprise Fund, marking the first strategic investment for the rapidly growing enabler.
"We are pleased to have UPS, one of the most influential logistics solutions providers in the world, as an investor," said Chris Clark, CEO and president of Deposco. "Their knowledge and operational experience in logistics and supply chain management will greatly enhance Deposco's ability to deliver superior technology to the supply chain solutions marketplace."
Software-as-a-service (SaaS) is a rapidly growing market that enables businesses to reap the benefits of software solutions without cost and complexity normally associated with "behind-the-firewall" deployments of these kinds of solutions.
Deposco's on-demand suite combines solutions like warehouse management and inventory management, with business intelligence, business process management and workforce mobility capabilities. Deposco says its suite is designed with the extended enterprise in mind, enabling quicker and easier sharing of information with trading partners. The company serves manufacturers, distributors, retailers and third party logistics providers.
"Many UPS customers are small to medium-sized businesses that suffer from the same supply chain challenges as their larger counterparts," said Alan Koenning, UPS Strategic Enterprise Fund manager. "Our investment in Deposco will give us insight into how these firms can improve their performance with simpler, more affordable supply chain solutions delivered via the Internet."
"We are pleased to have UPS, one of the most influential logistics solutions providers in the world, as an investor," said Chris Clark, CEO and president of Deposco. "Their knowledge and operational experience in logistics and supply chain management will greatly enhance Deposco's ability to deliver superior technology to the supply chain solutions marketplace."
Software-as-a-service (SaaS) is a rapidly growing market that enables businesses to reap the benefits of software solutions without cost and complexity normally associated with "behind-the-firewall" deployments of these kinds of solutions.
Deposco's on-demand suite combines solutions like warehouse management and inventory management, with business intelligence, business process management and workforce mobility capabilities. Deposco says its suite is designed with the extended enterprise in mind, enabling quicker and easier sharing of information with trading partners. The company serves manufacturers, distributors, retailers and third party logistics providers.
"Many UPS customers are small to medium-sized businesses that suffer from the same supply chain challenges as their larger counterparts," said Alan Koenning, UPS Strategic Enterprise Fund manager. "Our investment in Deposco will give us insight into how these firms can improve their performance with simpler, more affordable supply chain solutions delivered via the Internet."
