Maxager Technology stands out among 1200 nominations in recordbreaking
software awards competition
San Francisco, Calif., January 16, 2007 — Maxager Technology today announced that
its velocity-driven enterprise profit optimization solution has been named as a finalist
in two categories in the Software & Information Industry Association’s 22nd Annual
CODiE Awards: Business Intelligence, awarded to the solution that best facilitates the
analyzing of quantitative business data in order to make strategic decisions; and
Best Finance Solution that recognizes solutions that best automate business financial
management.
After a two-month judging process which included entries from well-known software
makers such as Business Objects and Intuit, Maxager was selected to advance to the
finals.
“The 2007 CODiE Finalists represent real winners, even at this stage of the contest,”
said Ken Wasch, SIIA President. “Competition is fiercer than ever and that makes
selection as a CODiE Finalist a major achievement. All the companies on this year’s
list should feel justifiably proud of their recognition.”
The first round of judging was conducted by software and information industry trade
press, mainstream technology writers, analysts, consultants and subject-matter
experts, including luminaries such as Amy Wohl and David Coursey.
“We’re honored that industry experts have recognized Maxager in not just one, but
two important categories: business intelligence and finance,” said Michael Rothschild,
Founder and CEO of Maxager. “Our industrial customers want to optimize the
profitability of each order every day across their entire enterprise. By combining our
state-of-the-art Web-based BI application with the finance innovations embedded in
our patented Profit Velocity™ technology, Maxager is helping customers achieve just
that; an entirely new level of corporate performance management and profitability.
We’re delighted that our colleagues in the software industry have recognized
Maxager’s breakthrough contribution.”
The final judging will be done by SIIA voting members and will be announced April
17, 2007 at the CODiE Awards Gala in San Francisco, CA. For a full list of finalists, go
to http://www.siia.net/codies/2007/finalists.asp.
About Maxager Technology
Founded in 1996, Maxager’s patented enterprise profit optimization (EPO) solutions
help leading chemicals, metals, electronics and other complex manufacturers such as
Dow Chemical Company, Severstal, Owens-Illinois and Siliconware Precision
Industries increase cash and profit worth 3-5% of revenue. Uncovering profit gain
opportunities that are obscured by traditional “margin only” analysis, Maxager uses
both margin and production velocity information to analyze history and generate
realistic forward modeling that provides management teams an entirely new level of
control over Return on Assets (ROA) — the key driver of shareholder value. Ideal
for manufacturers with a wide range of products, customers and assets, Maxager’s
unique technology calculates precisely how fast each product, customer, or market
generates cash and profit from the assets, allowing managers to truly optimize
product mix & customer mix profitability, sales & profit planning, strategic
pricing, and production planning. New customers typically begin reaping benefits
within 60 days. Maxager is headquartered near San Francisco with offices in Europe
and Asia. |
