About Tecsys

Tecsys Inc. engages in the development, marketing, and sale of enterprise-wide supply chain management software for distribution, warehousing, transportation logistics, point-of-use and order management. The company sells its software primarily on a subscription basis as Software as a Service and also on a perpetual license basis with recurring support. The company also provides related consulting, education and support services. The company derives substantially all of its revenue from customers located in the United States, Canada, and Europe. The company’s customers consist primarily of healthcare systems, services parts, third-party logistics, retail and general wholesale high volume distribution industries. The company is a global provider of SaaS supply chain solutions that equip the borderless enterprise for growth. Spanning multiple complex, regulated and high-volume distribution industries, the company delivers solutions for warehouse management, distribution and transportation management, supply management at point of use, retail order management, as well as financial management and analytics solutions. Customers around the world trust their supply chains to the company in the healthcare, service parts, third-party logistics, retail and general wholesale high- volume distribution industries. The company is the market leader in North America for supply chain solutions for health systems and hospitals. Largely stimulated by the 2018 acquisition of OrderDynamics Corporation (OrderDynamics), the company serves a number of major customers in the retail industry located in Canada, the U.S., Europe, and Australia; and continues to expand its retail footprint across these markets. The company’s 2019 acquisition of Danish warehouse management and mobile data solutions company, Tecsys A/S, continues to serve as a key European extension. The Tecsys A/S product line has been brought under the Tecsys brand and Tecsys A/S continues to add customers in the manufacturing, retail and logistics industries, primarily in Europe. This alignment extends brand awareness to the European market and provides a common corporate identity to leverage existing software solutions across global geographies. In parallel, Tecsys A/S products are being positioned for North American markets, and opportunities for solution cross-pollination continue to emerge. The company’s partnership strategy continued to develop and mature during 2021. Foundational relationships with key technology partners including International Business Machines Corporation, Oracle Corporation, Microsoft Corporation, Amazon Web Services (AWS), Workday Inc., and Honeywell International Inc. continued to support its product offering while strategic industry players like Zebra Technologies Corporation, Terso Solutions Inc., Loftware Inc, Interfaceware Inc, Sales-I Inc, and Payroc WorldAccess, Inc extend its offering. Value added reseller and service partners, such as Sequoia Group Inc., Avalon Corporate Solutions Corp, OSF Global Services Inc, and RiseNow LLC have become active in the company’s customer base, extending its reach as intended. Longstanding customers include major distributors, a number of health systems or integrated delivery networks (IDNs), as well as third-party logistics providers (3PLs) in Canada and the United States. The company has five principal sources of revenue, such as software as a service (SaaS) subscriptions, which represent the right to access its software platform in a hosted and managed environment for a period of time; maintenance and support services, including hosting services sold with perpetual licenses and hardware maintenance services; professional services, including implementation consulting and training services provided to customers; software licenses; and hardware. Research and Development The company’s net research and development expenses amounted to $18.6 million in the year ended April 30, 2021. History Tecsys Inc. was founded in 1983. The company was incorporated under the Canada Business Corporations Act in 1983.