Compass Group PLC
30 May 2000
COMPASS GROUP PLC
SIGNING OF 5 YEAR E-BUSINESS CONTRACT FOR USA DIVISION
Compass Group today announces that it has signed a 5 year agreement with
Radiant Systems to install Radiant's Wave management software in two thousand
of its US sites by mid 2001.
Wave is a package of e-business applications and will enable Compass Group to
perform procurement, inventory management and employee management functions
via the internet. The product serves as a single access point for retail
business applications and provides user access anywhere with any device that
has a Web browser.
'We expect to see enormous benefits from the efficiencies to be gained by
using the web to link our food service sites with our supply chain' said Gary
Green Chief Executive Officer of Compass Group's North American Division. 'In
addition, we are confident that the web enabled architecture of the Radiant
systems solution will allow us to install sophisticated software applications
much more effectively across our geographically dispersed operations.'
The e-business applications and digital marketplace capabilities developed for
Compass Group were produced out of Radiant Systems' marketing and development
agreement with Microsoft Corp. 'The combination of Radiant's deep industry
knowledge and Microsoft's technical architecture is going to be the B2B
solution of choice for retail,' said Charles Stevens, Vice President of the
Business Solutions Group of Microsoft Corporation.
Radiant Systems, headquartered in Atlanta, is focused on providing innovative
technology to improve the efficiency of the wide range of clients it serves
worldwide. It currently processes more than two billion transactions
annually.
Enquiries:
Cathi Lawrence, Corporate Communications Director, Compass Group PLC
Tel: 01932 573000
Nick Lyon / Wendy Baker, Hudson Sandler
Tel: 020 7796 4133
Notes to Editors:
Compass Group is the world's leading foodservice organisation with annual
revenues in excess of £5bn and employing over 190,000 people in 75 countries.
In North America the Group's clients include Microsoft, Caterpillar, IBM,
United Technologies Corp., SAP, University of Arkansas, University of Houston
and Louisiana State University. In addition, through its subsidiary
Restaurant Associates, Compass Group provides catering to special events such
as the US Open, Ryder Cup and the Academy Awards.
Website: www.compass-group.com
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