"PathGuide has taken us into the world of warehouse automation. Our warehouse is much more efficient, accurate, and productive, bringing efficiency gains to our bottom line."
Bill Derville, President
General Tool & Supply
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PathGuide Reports Record Annual And Monthly Revenue
Revenue figures exceed all others in the company’s 19-plus year history
SEATTLE - February 5, 2009 - PathGuide Technologies, a leading provider of warehouse management systems (WMS) for wholesale and industrial distributors, today reported record annual revenue for 2008 and record monthly revenue for January 2009. The sales figures exceed all others in the private company's 19-plus year history. Revenues grew nearly 20-percent in 2008 and the momentum continued with the record new orders in January 2009. PathGuide attributes the bulk of this revenue growth to sales of its flagship software product, Latitude WMS.
"It's important for any company during any time period to control its expense structure and that's magnified during these tough economic times," said PathGuide CEO Eric Allais. "With PathGuide's Latitude WMS, the efficiency of a warehouse operation increases significantly and bottom-line results grow, not to mention that revenue goes up partially due to improved customer satisfaction. The numbers speak for themselves with our customers verifying that Latitude WMS pays for itself in less than 18 months and returns bottom-line results of $100,000 or more on average year over year."
Due to its newest customers, PathGuide is aggressively hiring employees to support its new accounts - a rarity in today's economy. These customers span across North America in the United States and Canada.
Latitude is a software suite that automates warehousing and distribution to provide real-time online information about inventory. It automates all operations from receiving and order picking, to manifesting and truck route/stop management. Latitude integrates seamlessly with major Enterprise Resource Planning (ERP) business systems from such companies as Activant, Infor, J.D. Edwards, Microsoft and Oracle. Customers - primarily industrial/wholesale distributors serving manufacturers, contractors and retail stores - rely on Latitude to increase productivity, improve service and lower labor costs.
About PathGuide Technologies
PathGuide Technologies, Inc., a privately held company founded in 1989, is a leading provider of WMS solutions for wholesale and industrial distributors across North America. PathGuide's software and services help suppliers increase productivity and order accuracy, improve customer service and lower labor costs, ultimately driving greater profitability. To learn how distributors of all sizes can benefit from improved warehouse management, visit www.pathguide.com.
PathGuide is a registered trademark of PathGuide Technologies Inc. in the United States.