Ross Systems Announces New Contract with Syncrude Canada in Energy Marketplace

Strategic Insights -

Ross Systems, a leading supplier of business software solutions, announced a new contract with Syncrude Canada, Ltd. in the energy marketplace. Under the agreement, Syncrude licensed Ross Systems' Renaissance CS Human Resource System, valued at $425,000. This deal marks another significant addition to Ross Systems' growing list of energy and petrochemical customers, including organizations such as Duetag A.G., Petrobras, and Shell MDS. The petrochemical market represents a major market opportunity for Ross Systems.

Key Takeaways:

  • Ross Systems announced a new contract with Syncrude Canada, Ltd. in the energy marketplace, further expanding its presence in the energy and petrochemical sector.
  • Syncrude licensed Ross Systems' Renaissance CS Human Resource System, a key business software solution for human resource management, for an undisclosed number of users.
  • The agreement is valued at $425,000, with no determination made on when revenues associated with this agreement will be recognized.
  • This deal brings the total number of companies using Ross Systems' business solutions to over 2,800 worldwide.
  • Ross Systems has 500 professionals serving customers across the globe, with corporate headquarters located in Atlanta, Georgia.

Statistics:

  • 2,800: the number of companies worldwide using Ross Systems' business solutions.
  • 500: the number of professionals employed by Ross Systems to serve customers globally.
  • $425,000: the value of the contract with Syncrude Canada, Ltd.
  • 10: the number of leading oil and gas companies jointly owning Syncrude Canada, Ltd.

Sources:

  • "Ross Systems Announces New Contract in Energy Marketplace" (PRNewswire, January 5, 1998).
  • Ross Systems World Wide Web site at http://www.rossinc.com.
  • SOURCE Ross Systems, Inc.