Edifice Information Management Announces Fourth Quarter and Fiscal Year 2009 Results
Achieves record sales for both the quarter and the full year, marking the 12th consecutive year of increased revenue
RIVERDALE, NJ - Jan. 29, 2010 — Edifice Information Management, an information services company specializing in the collection, analysis and distribution of demand data used by retailers and suppliers to improve supply chain efficiencies, today announced results for its fourth quarter and fiscal year ending December 31, 2009. The company achieved record sales for both the quarter and the full year, marking the 12th consecutive year of increased revenue. Additionally, new highs were set both in the total number of customers and trading partnerships, as well as the total number of retailers served.
“We are very pleased with our performance in 2009,” said John Cornwell, CEO. “Edifice delivered solid financial results in what has clearly been a challenging retail environment. Retailers are increasingly recognizing that, more than ever, our services can help them reduce operating costs and improve supplier performance. Likewise, suppliers understand that having visibility into consumer demand, through the analysis of point-of-sale data, can give them the competitive advantage needed for survival in this economy.
“Our talented and dedicated staff was key factor to our success in 2009. They listened carefully to our customers’ needs and then worked to provide the highest level of service through first-rate execution. Because of their continued efforts, and what we believe will be a strengthening retail marketplace in 2010, we anticipate continued strong results for our company in the coming year.”
Other highlights of the year include:
- Introduction of a powerful web-based ad hoc query and analysis application that includes robust business intelligence functionality
- Release of Edifice Portal v2.0 with an improved user interface for file management and administration
- Release of enhanced executive-level dashboards with drill-down capabilities
- Increased market penetration within the sporting goods and outdoor retail channels
- New initiatives in the luxury goods and hardware/home improvement retail channels
- Geographic expansion into the Asia-Pacific region
- European expansion serving additional retailers and suppliers in the EMEA region
About Edifice Information Management
Edifice is an information services company specializing in improving the ability of retailers and suppliers to collaborate on point-of-sale and supply chain data. Through our data sharing, reporting and analysis, and support services, we enable retailers and suppliers to work from a common data set to identify opportunities for increasing sales, optimizing inventory and reducing costs. Our service is free for retailers and affordable for all suppliers — small and large — and our fully hosted model means that our customers don’t have to invest in additional hardware, software or systems.