67 WALL STREET, New York - November 30, 2012 - The Wall Street Transcript has just published its Business and Application Software Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Application Software Consolidation Activity - Cloud Computing and SaaS Trends - Health Care Transition to ICD-10 - Outsourcing and Offshoring Trends
Companies include: Warp 9, Inc. (WNYN)
In the following excerpt from the Business and Application Software Report, the President and CEO at Warp 9 discusses the outlook for his company for investors:
TWST: Please begin with a brief history of Warp 9 and an overview of the company.
Mr. Van Noy: Warp 9 was established in 1999 and has been a leader in the e-commerce industry for quite some time. Over the past decade, Warp 9 has come to understand what a business needs in terms of e-commerce strategies to make a successful and profitable online store. Our business analysts, engineers, operations specialists, graphic user interface specialists, etc., have taken the decade's worth of data from our clients to understand what drives shopping behaviors of online consumers, so we can design and build highly successful e-commerce sites.
Last year, Warp 9 announced the launch of our new enterprise-class e-commerce, mobile commerce and ERP platform called the Total Commerce Platform, TCP. For businesses who have experienced the expensive nightmare of trying to manage multiple pieces of software to run their e-commerce, marketing, inventory, fulfillment, HR, project management, etc., the Warp 9 TCP is the solution to solve all of their problems. It is a far more cost-effective and cost-efficient platform than trying to piece together solutions from multiple vendors.
There is a huge gap in the market today for small to midsize businesses to have an all-inclusive platform to help with their daily business needs. Companies like SAP, Infor and Microsoft have robust products, but also have entry-level set-up fees in the millions, and annual licensing fees of comparable figures. For a company doing $50 million a year or less in revenue, it can be very difficult to afford these expensive solutions from these giants. So thousands of companies in this segment are left to piece together solutions from multiple vendors, and oftentimes, there are great inefficiencies and high costs associated in doing that. Warp 9's TCP is the solution that alleviates all of these problems. The TCP significantly reduces the cost of implementation and licensing in comparison to companies like SAP and Infor.
In addition, since Warp 9 is not as large and heavily bureaucratic as these other companies, we are able to agilely adapt to our customers needs, and make customizations to the platform based on customer requests. Making customizations with our competitors can be extremely expensive and time consuming.
TWST: Please describe the company's offerings and their levels.
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.