SOURCE: UNIT4 CODA

UNIT4 CODA

January 28, 2010 08:00 ET

Embracing Change, CODA Financials Becomes UNIT4 CODA

Parent Company UNIT4 Consolidates Position as One of World's Largest Software Firms

MANCHESTER, NH--(Marketwire - January 28, 2010) - CODA Financials, Inc., the US finance software specialist, today announced its new name, UNIT4 CODA, Inc. The change accompanies the rebrand of CODA's parent firm, global business software company Unit 4 Agresso NV, which has changed its brand name to UNIT4 and will apply that name worldwide across all companies in the group.

The UNIT4 group will go to market under the proposition 'Embracing Change,' highlighting its focus and vision to set the global standard for business software that helps dynamic organizations adapt to internal and external driven changes simply, quickly and cost-effectively.

Like all UNIT4 products, UNIT4 CODA's best-of-class finance software, CODA Financials, is engineered for complex, fast-changing business environments. It streamlines and automates finance processes including accounting, procurement, reporting and analysis, and helps organizations improve their compliance and corporate governance. Its unique Link™ architecture ensures smooth integration with other applications and enables real-time visibility and control across people, processes and systems.

Around 2,600 medium and large organizations across all sectors use CODA Financials to control costs, drive performance and ensure compliance while remaining agile and responsive. Customers include Ambac, AXA, Avis, Booz Allen Hamilton, FedEx Trade Networks, HSBC Bank, IKEA and Newsweek.

"Over the past two years, tighter regulations, frequent reorganizations and evolving business processes have made change the new normal for finance departments," said UNIT4 CODA CEO Steve Pugh. "The trouble is, most ERP and finance systems can't adjust to change. Change breaks their reports, their processes and controls and their integration touch points with other software. What we offer with CODA Financials is the unique ability to change financial systems quickly and cost-effectively without causing expensive business disruptions. Given our ease of implementation, our decades of experience and our backing from a half-billion dollar company in UNIT4, it just makes sense for companies to focus on what they do best and leave finance to us."

The rebranding to UNIT4 follows a series of recent acquisitions, including the well-publicized acquisition of CODA in 2008, that have made it a top-six midmarket ERP software player globally and the second-largest ERP supplier in Europe. The rebranding of the group and its subsidiaries represents the start of the company's next stage of growth.

"The move will give us a single, clear name worldwide, helping us focus our marketing and communications efforts and build a truly global business software brand in the coming years," said Chris Ouwinga, CEO and President of UNIT4. "Our value proposition, 'Embracing Change,' clearly differentiates us, highlighting our unique focus on helping clients to cope with change in its many forms. It's a differentiator that is particularly resonant in such uncertain economic and market conditions. With continued investment in all our market leading products, under a single brand and with a powerful unified vision, we will be more focused, prominent and successful than ever."

"The group has a growing number of products and brands around the world. The rebrand will improve global awareness, eliminate confusion in the market and provide a strong and clearly differentiated platform for continued growth," Ouwinga said.

Note to editors: UNIT4 is the over-riding company brand. Some operations that focus primarily on a single set of products may refer to themselves as UNIT4 Agresso or UNIT4 CODA.

ABOUT UNIT4

UNIT4 is a global business software company that creates, delivers and supports adaptable business software and services globally to help dynamic organizations manage their business needs effectively. We aspire to set the global standard for business software that helps dynamic organizations to embrace change simply, quickly and cost effectively. We have a broad portfolio of solutions that address different markets, requirements, technologies and types of organizations.

With offices in 13 European countries, as well 6 countries across North America, Asia Pacific and Africa and sales activities in several other countries, a revenue of $551 million was realized in 2008. UNIT4 is headquartered in Sliedrecht, the Netherlands. The company has around 3,450 employees.

The Group incorporates a number of the world's leading change-embracing software brands including Agresso Business World and CODA Financials.

For service-intensive organizations, the Agresso Business World ERP suite is widely acknowledged as the business software solution that delivers the lowest Total Cost of Change. This is achieved thanks to its VITA™ architecture which allows for ongoing, post-implementation changes without the typical external IT costs and services that can cost firms huge sums of money each year.

CODA, our best-of-class financials brand, offers mid-to-large-size organizations around the world financial management, analysis and business process management. CODA solutions are differentiated by their LINK™ architecture, which provides financial executives a 'no compromise' approach to application change management by allowing business systems to be added or changed and easily integrated into the most dependable enterprise finance solution on the market. For more information on the UNIT4 Group, please visit www.unit4.com

The business carried out by UNIT4 CODA, Inc. was founded in 1988, and is headquartered in Manchester, New Hampshire. www.unit4coda.com

Contact Information

  • Media Contact:

    Emelyne Interior
    LEWIS PR for UNIT4 CODA
    415-992-4400
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