Manhattan Associates Recognized by Industry Analyst for 15 Consecutive Years of Profitable Growth
Cape Horn Strategies Cites Manhattan Associates as One of Only Three Software Companies to Achieve Such Financial Success
ATLANTA - July 19, 2005 - Manhattan Associates, Inc. (Nasdaq: MANH), the global leader in providing supply chain execution and optimization solutions, was named to Cape Horn Strategies' 2005 Sustained Success Honor Roll for the third consecutive year. Cape Horn's Honor Roll list annually recognizes the world's most successful publicly-traded software companies. According to the independent industry analyst firm, Manhattan Associates is only one of three such companies to achieve 15 consecutive years or more of revenue growth and profitability.
Brian Turchin, president of Cape Horn Strategies, commented, "In the last year, Manhattan Associates made a series of changes: hired a new CEO, Peter Sinisgalli, announced a new Integrated Logistics Solution™ suite, reorganized its product management and its R&D organizations, to name a few. These changes represent just another example of what makes Manhattan Associates an outstanding company. Why do I say this™ Because these actions exhibit a common trait among those on the Sustained Success Honor Roll."
Cape Horn Strategies tracks the financial performance of all software companies trading on the U.S. exchanges-the New York and American Stock Exchanges as well as the NASDAQ-basing its decision for each year's Honor Roll on financial results reported from the previous year. Honor Roll members are subsequently announced in Software Business magazine's "Executive Strategy" column. Microsoft and Kronos are the only two firms listed on Cape Horn's Honor Roll as having a longer sustained history of success than Manhattan Associates.
"In chess, you win by first placing your pieces in the right board position from which you can launch a successful checkmate attack," said Turchin. "Likewise in business, you win by first restructuring your company to be in the right position to attack new growth opportunities. The companies on the Sustained Success Honor Roll have an uncanny ability to do just that: restructure themselves to attack new growth opportunities which then produces year-after-year of revenue growth. In Manhattan Associates' case, its recent changes now put it in better position to attack the $4 billion supply chain execution market."
"Manhattan Associates is honored to receive this distinction from Cape Horn Strategies," said Pete Sinisgalli, president and chief executive officer of Manhattan Associates. "Those who started Manhattan Associates did so using sound principles that continue to be the foundation for all our endeavors more than a decade later. One of these founding principles is to be a people-centric business-building relationships with our customers, our partners and our employees. By listening to our customers and hiring dedicated, experienced people, we can continue to develop our Integrated Logistics Solutions to help businesses meet their unique industry challenges."
Since 1998, Cape Horn Strategies, Inc. has been providing strategic planning and research services to the software industry. During the past three years, it has researched why only a select few software companies--those on its Sustained Success Honor Roll list-continue to rack up year after consecutive year of profitable growth: what do they know that 97% of the industry doesn't— The principal, Brian Turchin, publishes his company's research findings in the "Executive Strategy" column of Software Business magazine. For more information on this research, visit http://www.capehornstrategies.com/honor_roll.htm.
About Manhattan Associates, Inc.
Manhattan Associates, Inc., is the global leader in providing supply chain execution and optimization solutions. It enables operational excellence through its warehouse, transportation, distributed order management, reverse logistics and trading partner management applications, as well as its RFID, performance management and event management capabilities. These Integrated Logistics Solutions™ leverage state-of-the-art technologies, innovative practices and our domain expertise to enhance performance, profitability and competitive advantage. Manhattan Associates has licensed more than 900 customers representing more than 1,600 facilities worldwide, which include some of the world's leading manufacturers, distributors and retailers. For more information about Manhattan Associates, visit www.manh.com.
Contact Information: To learn more about Manhattan Associates' supply chain solutions, simply complete the information request form, and we will contact you. For North & South America, call +1 877.596.9208 or e-mail info_americas@manh.com. For global inquiries, call +44 (0)1344 318000 or e-mail info_global@manh.com.