Leading provider of enterprise software to U.S. healthcare industry broadens Middle East presence; E3 establishes its base in Dubai Internet City
ST. PAUL, Minn. And DUBAI, U.A.E - The growing Middle East healthcare sector now has easier access to healthcare-focused information technology solutions, thanks to a partnership agreement jointly announced today by Lawson Software (Nasdaq: LWSN) and Dubai-based E3 at the Arab Health 2008 exhibition being held at the Dubai International Convention and Exhibition Centre. Under terms of the agreement, E3 will resell Lawson S3 enterprise software applications exclusively to hospitals in the Middle East and North Africa.
The agreement reflects Lawson's commitment to increasing its presence in the region via channel partners. Using Lawson S3 enterprise software solutions, healthcare organizations will be better positioned to manage their businesses so they can focus on providing quality patient care. Lawson S3 solutions support some of the largest healthcare organizations in the world, helping them manage their supplies, workforce, and financial systems.
"We are delighted to be Lawson's business partner. By combining Lawson's world-class solutions with our knowledge of the healthcare industry's IT infrastructure in the region, we hope to advance the profitability of healthcare players," said Muwaffa Lahham, CEO, E3. "Moreover, the platform that Dubai Internet City provides us gives us distinct benefits for marketing our services in the Middle East."
To meet an increasing demand for quality healthcare services in the Middle East, Gulf Co-operational Council (GCC) governments in the region are continuously encouraging global providers, such as Lawson, to establish a greater presence in the region. This gives existing technology providers such as E3, the opportunity to expand into these markets as well through partnerships like the Lawson and E3 relationship.
Lawson has offered healthcare-focused enterprise software solutions for more than a decade and is the recognized leader in providing enterprise software to the U.S. healthcare market. Lawson currently serves more than 500 healthcare organizations representing more than 4,500 healthcare facilities and eight of the top 10 integrated delivery networks, in the United States.
"It's been shown that a well-run hospital - thanks in part to using Lawson software - can focus more of its time treating its patients, while delivering impressive benefits to its bottom line. We are pleased that our partnership with E3 will bring Lawson's strong solutions to the growing Middle East healthcare sector," said Dean Hager, senior vice president of product management for Lawson. "As regional governmental investments in the Middle East healthcare sector increases, healthcare providers will need enterprise software solutions that are designed specifically for the healthcare industry and can help providers gain greater efficiencies and industry best practices. The Lawson S3 enterprise software applications will help these organizations better manage their business operations."
"The landmark partnership between E3 and Lawson Software will help redefine existing medical practices and create a new segment of technology software for the growing healthcare sector in the region," said Sheikh Abdulaziz Aljomaih, chairman of E3, managing director of Pergola Holding Inc., vice chairman of Arcapita Bank, Bahrain and board member of Dana Gas Co. "This partnership will bring the leading U.S. healthcare enterprise software technology to the Middle East to help drive the operational improvement of healthcare facilities and overall patient care. It gives me a great pleasure as chairman of E3 to unveil yet another new venture of Aljomaih Group."
-Ends-
About Aljomaih Group
The Aljomaih Group was founded in 1936 and has since grown to be a large conglomerate with sizable investments across a number of sectors and operations throughout the Gulf. Abdul Aziz and Mohammed Abdullah Aljomaih, brothers, founded the Aljomaih Company. Aljomaih Group investments include Arcapita (a leading regional private investment bank), Mobily, Dana Gas, and Albilad Bank.
Aljomaih Group is fairly diversified, with business units for trading, industry, distribution, finance, investment, real estate and several large joint ventures with American, European and Japanese companies for high-tech projects in the Kingdom such as desalination, mineral exploration, and power stations. Aljomaih is General Motors distributor in Saudi Arabia and makes and distributes PepsiCo beverages throughout the Kingdom. Aljomaih Group was an investor in Apexion Technologies, the leading US surgical instrument management and mobile supply chain technology provider. Apexion was acquired by Lawson Software in 2003.
About E3
E3 is a newly formed company created by the shareholders and management of Lawson partner, Simtix, with whom Lawson has an existing long term relationship. E3 is based in Dubai with staff servicing clients across the Middle East and North Africa from offices in Jordan, The Kingdom of Saudi Arabia as well as Dubai. This is a considerable investment by both E3 and Lawson and represents a significant expansion within the region.
About Lawson Software
Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com.
Forward-Looking Statements
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in Lawson's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; uncertainty regarding potential future deterioration in the market for auction rate securities which could result in additional permanent impairment charges, global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q and the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.
For more information, please contact:
Joe Thornton
Lawson Software
U.S. Media
Tel:+1-651-767-6154
Fida Kaluti
E3 Corp.
Tel: +971 50- 847 4668
Email: fkaluti@e3corp.net
© Press Release 2008
