Recognizing that foodservice supply chain partners can greatly accelerate e-commerce efforts by combining back office management software with synchronized, Internet-based item, price and promotion data, The viaLink Company (NasdaqNM: VLNK) and Eatec Corporation today announced they will form a key alliance for the foodservice industry.
Under the non-exclusive agreement, viaLink and Eatec will develop seamless connectivity between Eatec’s industry leading foodservice and restaurant management systems and viaLink’s leading e-business data synchronization services.
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“Through seamless integration with data synchronization services, Eatec’s customers should be better able to take a significant leap forward in their business-to-business e-commerce strategies,” said Peter Marguglio, Eatec’s president. “Our customers should benefit from improved e-commerce functionality and enhanced supply-chain visibility as they take advantage of the full potential of the combined services.”
viaLink’s Internet-based, shared database service, syncLinkSM, replaces conventional paper-based transactions as well as the multiple electronic connections that exist today among manufacturers, distributors/wholesalers, agencies/brokers and operators. Eatec’s foodservice and restaurant management software systems feature a suite of products that include purchasing, inventory, recipe, forecasting, production and sales analysis functions. The company serves a wide variety of market segments, including restaurant chains, hotels, resorts, casinos, stadium/arenas, convention centers, foodservice management, theme parks and attractions, supermarket foodservice, universities and cruise lines. Clients include Applebee’s International, Houlihan’s Restaurants, Universal Studios, Kennedy Space Center and Madison Square Garden.
“Because viaLink’s data synchronization services complement Eatec’s restaurant systems — and because Eatec systems are so well-accepted in major foodservice operations in the United States and overseas — we believe connecting with Eatec’s systems can give viaLink greater access to key industry leaders,” said Mark Bromberg, president, viaLink Foodservice & Hospitality. “We are pleased to be working with this innovative leader to develop a more complete e-commerce solution for the industry.”
`Ensuring Accurate Product and Price Data’
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By GlobalDataChuck Harrison, vice president, viaLink Foodservice & Hospitality, said that the alliance should help accelerate the adoption of e-commerce in the foodservice industry. “Together with Eatec, we will enable operators and their suppliers to conduct business more efficiently by bringing accurate, synchronized data to the back offices of the nation’s restaurants and the foodservice industry,” he said. “Ensuring accurate product and price data will not only increase the efficiency of purchasing, pricing and communication for all partners along the foodservice supply chain, but reduce the overall costs of doing business with each trading partner.”
About the Eatec Corporation
Eatec Corporation is a leading provider of back office software for the hospitality and foodservice industries. EatecNet is targeted toward single-site, multiple-outlet businesses, as well as multiple-site operations requiring an enterprise-wide solution. Eatec clients include Applebees, Houlihan’s Restaurants, Amtrack, The Waldorf-Astoria, Madison Square Garden, Universal Studios, Kennedy Space Center and Princess Cruises. For more information, visit Eatec’s Web site at www.eatec.com.
About The viaLink Company
The viaLink Company (NasdaqNM: VLNK) is a leading provider of subscription-based, business-to-business electronic commerce services that enable food industry participants to efficiently manage their highly complex supply chain information. viaLink’s core service, syncLinkSM, allows manufacturers, wholesalers, distributors, sales agencies (food brokers), retailers and foodservice operators to communicate and synchronize item, price and promotion information in a more cost-effective and accessible way than has been possible using traditional electronic and paper-based methods. viaLink’s additional services, which are all built on the syncLink foundation, include clearLinkSM for item movement data, distribuLinkSM for chain pricing data and sbtLinkSM for scan based trading. For more information, visit viaLink’s website: www.vialink.com.
This release contains forward-looking statements that involve risks and uncertainties. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the acceptance of viaLink’s services by foodservice customers; the extent of viaLink’s anticipated operating losses and negative cash flow; viaLink’s ability to attract additional financing, viaLink’s dependence on its strategic alliance partners; intense marketplace competition; rapid technological change and the possible obsolescence of viaLink’s service; dependence on certain key personnel and need to hire additional personnel; viaLink’s inability to protect its proprietary technology; as well as other factors detailed in viaLink’s filings with the Securities and Exchange Commission, including its recent filings on Forms 10-KSB and 10-QSB.
